1637-1639 W 228th St - Assisted Livings FOR SALE


Torrance, CA 90501- Harbor
$2,200,000 USD
310-422-8052
1637-1639 W 228th St, Torrance, CA for Sale
$2,200,000 USD
Assisted Livings - FOR SALE
1/9
null | 7.05% Cap Rate

1637-1639 W 228th St
Torrance, CA 90501
Harbor


HIGHLIGHTS

  • 7% Cap Rate Based on Current Income
  • Large Double Lot Consisting of 14,403 Sq. Ft. of CM-1VL Zoning
  • Recently Renovated and Upgraded 3,191 Sq. Ft. Specialty Use Property
  • Fully Occupied Residential Reentry Center
  • Two Separate Updated Buildings with Large Court Yard
  • Many Possible Uses: Current Land Designation: Hospitals, Convalescent Homes

OVERVIEW

Seller may consider carrying a 1st with 25% Down Payment. (Owner User Possible) A fully occupied Residential Reentry Center boasting a 7% Cap Rate based on current income. The offering is situated on a large double lot totaling 14,403 Sq. Ft. of CM-1VL Zoning with great future development potential. The Current Land Designation: is Hospitals, Convalescent Homes allowing many uses. The building has a large courtyard and has been recently updated with a pro style kitchen, washer and dryer hookups and a commercial fire alarm system.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$689 USD /SF

CAP RATE

7.05%

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner User or 7% Cap Rate : CONVALESCENT HOME

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

ADD'L SUBTYPES

Continuing Care Retirement Com, Rehabilitation Center, Skilled Nursing Facility

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,403 SF

ZONING

CM-1VL

APN/PARCEL ID

7347-016-027

ASK ABOUT THIS PROPERTY

Jon EmraniMarcus & MillichapMore Info
310-422-8052

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Jon EmraniMarcus & MillichapMore Info
310-422-8052

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