Address
23727 Hawthorne Boulevard #1 Torrance, CA
Price
$ 3,500,000
Property Attributes
  • MLS#SB20205986
  • TypeCommercial
  • CountyLOS ANGELES
  • CityTorrance
  • AreaSouth Torrance
  • Zip90505
  • StyleOffice
  • Price$ 3,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9938
Listing Provided Courtesy Of:
Stephen Lampe with Re/Max Commercial & Investment.
Property Description

23727 Hawthorne Boulevard is a unique commercial office building with a mixed-use tenancy of office, medical/dental, and retail space divided into 5 separate suites. The building was the architectural offices for locally renowned Architect, Edward Carson Beal who designed and developed the building in 1976. The suites are well suited for creative office, professional office, medical office or retail use with frontage on Hawthorne Boulevard between Skypark and PCH. The Property is 100% occupied - the tenants pay their own utilities and a pro-rata portion of property taxes which are passed through. The Seller who occupies 5,280 square feet of the space will leaseback 2,600 square feet of space at close of escrow. The owner will consider vacating all of the space for an owner user. The property is located in an A+ location in South Torrance just minutes off of the Palos Verdes Peninsula to the south and Redondo Beach to the west on the major thoroughfare of Hawthorne Boulevard. The 1.5 mile stretch of Hawthorne Boulevard between the subject property and Del Amo Mall is home to many national retailers. The property is just three quarters of a mile from Torrance Memorial Hospital. The population density surrounding the property is 188,966 within a 2-mile radius with a median household income of $82,242. The combination of strong income demographics, densely populated submarket and prime location make this investment offering very attractive to an owner-user or investor.

Price History
10/2/2020 Listed $3,500,000

General Features

Building Name The Ivy Building
Directions Hawthorne between Skypark and 238th Street.
Listagentaor South Bay
Listing Agent Stephen Lampe - BRE#01164364
Listing Agent State License 01164364
MLS Area 129 - South Torrance
Number of Units Leased 5
Price Per Square Foot 352.18
Property SubType Office
Property Type Commercial Sale
Source System CRMLS
Special Listing Conditions Standard
Topography Rolling/Hilly
Utilities Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Zoning TOHC-GEN

Interior Features

Condo Area Unit Type Square Feet
Laundry Features None
Total Stories 2

Exterior Features

Building Area Total 9938.00
Land Use Office, Retail
Lot Size Source Assessor
Number of Buildings 1
Total Parking 35.00
Uncovered Spaces 35.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90505

Price
AVG $1.59M
$3.5M
Visits
AVG 57
34
Year Built
AVG 1973
1976

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