Well located 5 unit apartment building in the Torrance P.O. submarket with a great unit mix of 4 one bedroom one bath units and 1 two bedroom one bath unit. A one bedroom unit was rented for $1,495 recently, and all other 1 bedrooms in the building are at or below $900 providing over 50% upside when those units turn over! The 2 bedroom unit is also below market by 50% as it is currently rented at $1,110 per month. The units are separately metered for gas and electric utilities which the tenants pay directly, and there is a laundry room on site. This property is NOT subject to the Los Angeles Soft Story Refrofit Ordinance as it only has surface parking. Priced to sell at less than $200,000 per unit, the property just needs some basic TLC in the way of sprucing up, new landscaping and exterior paint to bring out the curb appeal of this 1950's building. The property is located just one block from the intersection of Torrance Blvd and Western Avenue. Great rental pocket with close proximity to major employers including American Honda Headquarters which is 1 mile away and Old Town Torrance with its restaurants and shops which is also within 1 mile. Ralphs Grocery Store and Lowes are within 1.5 miles, and the 110 and 405 Freeways are easily accessible and are less than 2 miles away.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
