1556 W 227th St - Apartments FOR SALE


Torrance, CA 90501- Harbor
$1,875,000 USD
626-594-4900
1556 W 227th St, Torrance, CA for Sale
$1,875,000 USD
Apartments - FOR SALE
1/16
null | 5.29% Cap Rate

1556 W 227th St
Torrance, CA 90501
Harbor


HIGHLIGHTS

  • ±6.7% Proforma CAP Rate, Not under local Rent Control, 1986 Construction (copper plumbing, newer electrical)
  • All units are ready for next rent increases – IMMEDIATE UPSIDE
  • Very well-maintained 6-unit value-add in South Bay area
  • Clear rental upside with large storage for easy ADU conversion; Large garage/storage area (±400SF) that would be easy to convert to ADU
  • All units have been upgraded with high-end upgrades; Open space parking (no-soft story required), wrought-iron gate
  • Easy to manage apartment building and easy to rent location

OVERVIEW

Growth Investment Group California is proud to present 1556 W 227th St. Apartments. It is a well maintained 6-unit multifamily community located in the Harbor Gateway area. It presents a value-add opportunity with a conservative ±6.7% Proforma CAP Rate on. The property is a newer built two-story apartment that is well maintained and has undergone many capital improvements which include: all units upgraded. It was built in 1986 and not under any Los Angeles rent control ordinance (only under CA AB1482) which provides maximum allowable annual rent increases. All the units are ready for the next rent increase in July 2025 (buyer to verify) which provides immediate rental upside. It has a large building size of 4,241 SF which translates to a spacious ±700sf average unit size and situated on 7,198 SF R3 lot. It offers an excellent unit mix with 1 x large 2-bedroom+2-bathroom, 1 x large 2-bedroom+1-bathroom and 4 x 1-bedroom+1-bathroom units. Each unit has been upgraded with high-end upgrades such as laminated/vinyl wood flooring, updated kitchen with quartz countertops, and updated tiled bathroom. Some units have brand new mini-split HVAC systems in the living room and bedroom. Based on its year built, it has copper plumbing throughout (buyer to verify). The property has a wrought iron gate, and offers 6 open parking spaces in the back, and a large storage area which is ready to be converted into ADU unit (buyer to verify and get permit from the city). Each unit is individually metered for electricity and gas. Hot water is provided by a master water heater. There is a common area laundry room for the property. It is located in Harbor Gateway area and near the best that the South Bay area has to offer, within walking distance to a variety of Parks, Recre¬ations Centers, Madrona Marsh Nature Preserve and neighborhood schools. Within a short drive, one can reach the Pacific Ocean and Riviera Village, The Del Amo Shopping Center, and Wilson Park, pro¬viding Residents with an abundance of recreational, shopping, dining, and entertainment options. It is also conve¬niently located near Hawthorne Boulevard, Pacific Coast Highway and within close access to Interstate 405, 110 and 91, allowing residents to reach employment hubs throughout Los Angeles and Orange County.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

6

PRICE/UNIT

$312,500

CAP RATE

5.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6.7% Proforma CAP-Non RC - 1986 built

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR3

APN/PARCEL ID

7347-015-045

ASK ABOUT THIS PROPERTY

Han Widjaja-ChenGrowth Investment Group CaliforniaMore Info
626-594-4900

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Han Widjaja-ChenGrowth Investment Group CaliforniaMore Info
626-594-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.