Opening page…
Closed
- Listed price
- $2,900,000
- Listed Jul 12, 2017
- Sold price
- $2,525,000
- Sold Oct 31, 2017
17,798 sqft lot|1956 Built|58 MLS days on market
23900 23922 Crenshaw Blvd, Torrance, CA 90505
Property Description
The subject property is a well maintained retail strip shopping center in the City of Torrance. The majority of the tenants have been at this location for many years and a few are month to month with upside in rental income. The tenants pay base rent and their own separately metered utilities on a modified gross lease tenancy. This single story building is approximately 8,658 square feet with 21 parking spaces, and is situated on a 17,798 square foot parcel of land zoned CG ( General Commercial Uses). The CAP rate at the listed price is 4.02% on actual income with significant upside in rental income and NOI. The property is located just a two parcels north of the signalized NEC of Crenshaw Boulevard and Lomita Boulevard. This is a very busy intersection with 63,000 VPD on Crenshaw and 34,000 VPD on Lomita. There are several major national retailers immediately to the south at the SWC of the same intersection in the Crossroads Shopping Center such as (Home Depot, Starbucks, Office Depot, Verizon, Wells Fargo, Vons, In-N-Out Burger, Sam's Club).
Listing agent: Stephen LampeDRE #01164364slampe@remaxcir.com, Listing office: Re/Max Commercial & Investment
MLS data updated 11/4/2026, 12:40:59 AM PT
Source: CRMLSMLS #: SB17159203
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,525,000
Oct 31, 2017
Available records32017
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90505 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90505 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.