0.34 Acres Lot
0.34 Acres Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26205096
HOA Y/N No
Year Built 1962
Lot Size 0.344 Acres
Property Sub-Type Apartment
Property Description
Priced at an attractive 9.6 GRM and 6.1% cap rate, the property offers strong in-place income with significant built-in upside. An estimated 59% upside in rents brings the property to a projected 6.0 GRM and 11.5% cap rate at market rents. The property has 14 separate gas and electric meters, with additional potential to reduce utility expenses by implementing RUBS for water, sewer, and trash (buyer to verify).
The property is well maintained, with a new roof (2021), fresh exterior paint (2026), several renovated units, and a completed SB 721 balcony inspection.
Strategically located in the Harbor Gateway area of Torrance, across from Normandie Recreation Center. Property is subject to Los Angeles RSO.
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Dryer, Washer
Laundry Common Area
Exterior
Parking Features Detached Carport
Carport Spaces 12
Pool None
Community Features Park, Street Lights, Sidewalks
Total Parking Spaces 12
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7347006004
Energy Description 7673.0
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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