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Listed by Edgard Asensio • Asensio Property Management Inc
$ 4,400,000
Est. payment | /mo
0.4 Acres Lot
$ 4,400,000
Est. payment | /mo
0.4 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25162583
Year Built 1961
Lot Size 0.400 Acres
Source California Regional MLS
Property Description
This is a multifamily property consist of 18 units, centrally located in a prime area near Torrance City Hall, Del Amo Mall, and the Torrance Financial District. The property is located in a desirable residential neighborhood, with surrounding streets lined with well-maintained family residences and multifamily properties, adding to the overall appeal and long-term investment stability of the area. The property features carport parking and a large parking area, providing convenience for residents. There is a tremendous value-add opportunity for investors to renovate the units and bring rental rates to market levels, creating the potential to accelerate appreciation and increase cash flow in this high-demand location.A strategic opportunity for portfolio growth through a value-add multifamily asset. The unit mix consists of 5 studios, 12 one-bedroom units, and 1 two-bedroom unit. In addition, the building features leased laundry machines conveniently located on the first floor, offering residents easy access to laundry facilities while providing supplemental income to ownership and contributing to increased net operating income (NOI). By upgrading and renting the units at market rates, along with implementing operational improvements like laundry income, investors will improve th
Location
State CA
County Los Angeles
Area 131 - West Torrance
Interior
Laundry Laundry Area
Exterior
Garage Spaces 18.0
Pool None
Building
Water District - Public
Others
Tax ID 7524026018
Special Listing Condition Not Applicable
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Ben Dodge
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