Property listed by Lyon Stahl Investment Real Estate, Inc., John Stiegler II 310-447-2213
$1,985,000
We are pleased to present 2859 W 235th St, an exceptional 4-unit investment property situated on a desirable corner lot in prime Torrance, offering a strong unit mix of (1) 3BD/2BA, (1) 2BD/1BA, and (2) 2BD/2BA townhome-style units across 4,756 SqFt of living area on a 6,529 SqFt lot. One… Read More of the 2BD/2BA units has been fully renovated, and all units feature private outdoor patio spaces, enhancing tenant appeal and livability. The property includes 4 enclosed garage parking spaces with EV charging outlets and is a 100% electric building with no gas, with each unit separately metered, providing operational efficiency and reduced landlord utility exposure. With approximately 50% upside in current rents and close proximity to top-rated schools, parks, retail, and major South Bay employment centers, this offering presents an outstanding value-add investment opportunity in one of Torrance’s most stable and in-demand rental submarkets. Read Less
Listing Snapshot
Days Online
17
Last Updated
Property Type
Quadruplex
Lot Size
0.15 Acres
Year Built
1964
MLS Number
SB26003154
Additional Details
Building
Built in 1964, 1 building, 2 stories, Entry level: 1, Entry location: Front Door
Community
Biking, Curbs, Park, Sidewalks
Expenses
Electric: $876, Operating: $39,291
Garage
4 spaces
Income
Gross Income: $99,300, Gross ScheduledIncome: $99,300, Net Operating Income: $57,029
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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