16910 -16924 Crenshaw Boulevard , Torrance, CA 90504
Torrance, CA 90504
Description
Price reduced by $150,000! Luca is proud to present this 29-unit investment opportunity in Torrance. The property is situated in an outstanding Torrance location and is NOT subject to LA Rent Control and instead falls under AB-1482. The asset has a unit mix of (2) 2-bedroom/1-bathroom units, (3) 1-bedroom/1-bathroom units, (15) studio/1-bathroom units and (9) bachelor/1-bathroom units. The property is situated on two separate, adjacent parcels - each lot with its own assessor parcel number (APN). The offering is priced at only $193,103 per unit. The property features a total of 12,952-SF of living area and is situated on a large 19,824-SF corner lot.The asset is being offered at a 5.69% current cap rate and 11.67 current GRM with upside to a 7.97% pro-forma cap rate. Each unit has individual hot water heaters and both buildings are all electric. 16924 Crenshaw has a newer roof. Furthermore, there is a courtyard area with a pool, 29 parking spaces, and an on-site laundry facility with two washers and two dryers.
Details
| Mls | 24436973 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 86 |
| Listing Provided By | Shield CRE, Inc. 310-593-9869 | Gianluca Jacoli |
Features
| Beds | 7 |
|---|---|
| Baths | 29 |
| Sq Feet | 12,952 |
| Storys | 2 |
| Units | 29 |
| Buildings | 2 |
| Zoning | TORR-MD |
| Acreage | 0.46 |
Market Activity 90504
Request A Showing
Request A Showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Torrance |
| Zip Code | 90504 |
| Area | 133 N Torrance East |
| Listing VS Median (in 90504) | |
Price: $5,600,000 low | high Med: $993,000 SqFt: 12,952 low | high Med: 1,215 $ / SqFt: $432 low | high Med: $817 On Site: 86 low | high Med: 115.000000 | |
