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Torrance,CA 90501
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25231210
Style Traditional
Year Built 1955
Lot Size 8,068 Sqft
Source California Regional MLS
Property Description
8-Unit Apartment Building | First Time on Market in 26 Years! Rare investment opportunity: two 4-unit buildings on one parcel. Each unit is 2 bed/1 bath. Huge upside in rents with a possible 10.3% market CAP and 7.7 market GRM! Upgrades include new roofs, new electrical panels, 68 new vinyl windows (2025), and freshly painted exterior. One remodeled unit is rent-ready. Most units feature updated vinyl/tile flooring. All units include gas range, water heater, and gas wall furnace. 1 covered carport space per unit. Shared courtyard. Many long-term tenants. Subject to City of Los Angeles Rent Control (RSO). Convenient location near freeways, shopping, and restaurants. Huge rental upside.
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Rooms
Kitchen Oven Range - Gas
Interior
Heating Gas,Wall Furnace
Cooling None
Laundry In Kitchen,30
Exterior
Parking Features Assigned Spaces,Off-Street Parking,Parking Area
Garage Spaces 8.0
Pool 31,None
Roof Type Shingle,Composition
Building
Foundation Raised
Water Hot Water,District - Public
Architectural Style Traditional
Others
Tax ID 7347015002
Special Listing Condition Not Applicable