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2215-2221 W 190th St
Torrance, CA 90504 Torrance

$4,500,000 USD

Loft Creative Space Condo For Sale  •  4,079 SF

Property Details

  • Property Type Loft Creative Space
  • Total Building Size 8,762 SF
  • Lot Size 0.42 AC
  • Building Class B
  • Year Built 2005
  • Tenancy Multiple
  • Zoning TOM1-HVY
35 Transit Score
56 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 2221-B Office 4,079 SF $4,500,000 USD
  • Unit Size: 4,079 SF
  • Condo Use: Office
  • Price: $4,500,000 USD
  • Sale Type: Owner User
  • Price/SF: $1,103.21 USD
Description
The Seller plans to downsize and relocate to this space, displacing the current tenants. This offers an opportunity for an owner/user to take over the larger 2215 space or for an investor to negotiate with the tenants to move into the 2215 space. Like the 2215 space, 2221-B also features a 2nd-floor mezzanine which has a large private office and large open area for several workstations

Sale Notes
The Seller with leaseback at a rate of $2.70/ft modified gross for the entire 2,295 sf. Leasing back 2221-B and keeping the signage on the east wall is a condition of the sale. One of the current tenants may consider leasing back 2215 when displaced if the Buyer is an investor and not an owner/user 

Cap Rate is 4.35% for this location.

Description 

This space features 2-story ceilings, offering an artistic loft feel. It includes 6 private offices, a large storage/server room, a large reception area, a waiting area with a built-in aquarium, a conference room, a kitchen, and an open area with modular cubicles. The Seller is open to leaving most of the furniture, making it a turnkey opportunity for buyers. Additionally, the space has access to a beautiful zen garden and an outdoor shower, with a 2nd-floor mezzanine space currently used as a gym. Projected rent is $2.70/ft modified gross when the Seller vacates or perfect for an owner/user.

Highlights

Artistic Loft Feel: The 2215 space with 2-story ceilings provides a unique and open atmosphere ideal for creative or tech-oriented businesses.
Versatile Office Space: The property includes multiple private offices, a large storage/server room, and flexible open areas.
Zen Garden & Outdoor Shower: A serene outdoor space adds to the property's appeal, offering a place for relaxation and informal meetings.
Mezzanine Space: Both 2215 and 2221-B have 2nd-floor mezzanine areas, providing additional space and functionality.
Turnkey Opportunity: The Seller is willing to leave most of the existing furniture, simplifying the move-in process for the buyer.
Owner/User Potential: Ideal for a buyer looking to occupy 2215 W. 190th Street while generating additional income from the other tenants.

Amenities

  • Bus Line
  • Signage

Public Transportation

AirportDriveWalkDistance
Los Angeles International 16 min - 10.6 mi
Long Beach (Daugherty Field) 16 min - 10.7 mi
Bob Hope 43 min - 32.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 26
Type: Surface
Included in Rent: Yes
Laurie Inadomi-Halvorsen 310-941-0826 Coldwell Banker Commercial Realty
Laurie Inadomi-Halvorsen 310-941-0826 Coldwell Banker Commercial Realty