Property listed by Kape Property Management, Inc., Noam Srolovitz 310-912-7808
$6,500,000
We are pleased to present this turnkey 15-unit townhome-style apartment community in the heart of Old Torrance. This asset includes two (2) 3-bed/2-bath, ten (10) 2-bed/1.5 bath, one (1) 1-bed/1.5 Bath, (2) 1-bed/1-bath. GREAT ADU potential (15 on site parking spaces). 12 of the 15 units have been remodeled and… Read More professionally designed with high-end finishes. Major CAPEX projects have been completed over the last year including complete electrical panel replacements (main panel and all subpanels), partial roof replacement (the rest is in good shape), new exterior paint, gutters and lighting. 13 units have private patios too. All units share a laundry room, recently upgraded with Shinepay equipment = extra income! All units are occupied by qualified, long-term, at/near market tenants. Buyer will have opportunity to add 5 ADU's. NO LOCAL RENT CONTROL - subject to only AB 1482. Located in the highly desirable Old Torrance Neighborhood, just minutes from Del Amo, Old Torrance stores, and the beach. UNIT 4 IS CURRENTLY VACANT. PLEASE SEE OM IN DOCS. Read Less
Listing Snapshot
Days Online
18
Last Updated
Property Type
Other
Beds
29
Square Ft.
16,464
Lot Size
0.5 Acres
Year Built
1964
MLS Number
25494553
30 Days Snapshot Of 90501
$915k
-7%
(avg) sold price
8
0%
homes sold
86
+32%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 1964, Building area total: 16,464, Levels: Two, Living area: 16464, 2 stories, 1 building
Heating
WallFurnace
Income
Gross income: $509,786, Net operating income: $344,875
Interior Features
CeilingFans
Lot
0.5002 acres, 21,789 square feet, Size: 21,789
Parking
15 totals parking, Assigned, Covered, Carport
Property
Zoning: TORR-MD
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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