Torrance Homes with Retail Subtype

Torrance Homes with Retail Subtype

Welcome to Torrance, a vibrant city located in Los Angeles County, California. Known for its beautiful neighborhoods, excellent schools, and close-knit community, Torrance offers a high quality of life for its residents.

If you're looking for a home in Torrance with the Retail Subtype: True, you're in luck. Torrance boasts a variety of properties that cater to different lifestyles and preferences. Homes with the Retail Subtype: True provide a unique opportunity for those looking to live and work in the same location. Whether you're an entrepreneur looking to start a business or simply enjoy the convenience of having retail space nearby, these homes offer the perfect blend of residential and commercial living.

With easy access to shopping, dining, and entertainment options, living in a home with the Retail Subtype: True in Torrance ensures that you're never far from the action. Enjoy the convenience of having your favorite stores and restaurants just a stone's throw away, making everyday tasks a breeze.

Explore the diverse real estate options in Torrance and discover the perfect home with the Retail Subtype: True that suits your needs. Experience the best of both worlds with a property that combines the comforts of home with the convenience of retail amenities right at your doorstep.

Newest Torrance Homes with Retail Subtype

$1,050,000
GD24057488 MLS Active Status
Situated along a major retail thoroughfare in the heart of Torrance, 3015 Artesia Boulevard introduces investors to the ultimate value-add acquisition opportunity. The vacant retail asset is currently in shell condition and ready for a fully customized build-out, currently comprises of 3015, 3017, 3019, and 3021 Artesia Boulevard block addresses. 3015 Artesia Boulevard features large storefront glass windows, building sign optionality for tenants, and a highly adaptable floor plan. The building can also easily be converted into four storefront units with private entrances for multi-tenant functionality. Strong market fundamentals depict a Gross Lease asking rent of $1.50-1.75 per square foot, which will yield a gross monthly rent of $6,300 – 7,350 (proforma CAP rate of 5%). Businesses will benefit from eight (+ more if stacked) private, off-street parking spaces at the rear of the building, providing convenience for employees and visitors. The property has an approved ready-to-issue permit (RTI) for updated 600amp electrical panel. City of Torrance Commercial Rehabilitation Rebate Programs may provide grants and incentives for property improvements (https://www.torranceca.gov/Home/Components/News/News/4607/). 3015 Artesia Boulevard is a distinctly versatile asset offering endless upside potential for new ownership. An investor can immediately add value by securing one or multiple credit-worthy tenants in a competitive submarket. At the same time, an owner-user will undoubtedly profit from occupying part of the building and generating additional income through leasing the other potential spaces. 3015 Artesia Boulevard is an ideal location for an array of industries, including retailers, creative offices, studios, service-based businesses, entrepreneurs, and more. Location provides unrivaled visibility to over 46,000 vehicles traveling through the high-profile intersection of Artesia and Crenshaw Boulevard.

3015 Artesia Boulevard, Torrance

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.