1652 W 204th St - Apartments FOR SALE


Torrance, CA 90501- Harbor
$4,450,000 USD
310-480-2130
1652 W 204th St, Torrance, CA for Sale
$4,450,000 USD
Apartments - FOR SALE
1/19
null | 6.11% Cap Rate

1652 W 204th St
Torrance, CA 90501
Harbor


HIGHLIGHTS

  • This investment opportunity features a current Cap Rate of 6.11% with rental upside potential for a new owner!
  • First time on the market ever! Seller is the original builder.
  • Built in 1988, not subject to RSO!
  • Unit mix consists of nine large 3 Bed/2 Bath units, one 2 Bed/1.5 Bath unit, and one 1 Bed/1 Bath unit. Each unit averages over 1,180 feet!
  • Each unit has individual APN's, affording a Buyer with the possibility for a condo exit strategy (Buyer to verify).
  • Property features 20 gated parking spots, individual unit water heaters, and other premium amenities. Several units also have balconies.

OVERVIEW

Located in an outstanding location in Torrance PO, 1652 W. 204th Street presents a rare opportunity to acquire a well-maintained, 11-unit multifamily property in one of Los Angeles County’s most desirable rental markets. On the market for the first time since it's construction, this asset is being sold by it's original builder and has been thoughtfully maintained over the years. The property offers investors a stable income stream in an area known for its strong tenant demand. The property consists of (9) three-bedroom units, (1) two-bedroom unit, and (1) one-bedroom unit, providing a well-balanced unit mix that appeals to a wide range of renters. Each unit is separately metered and features its own APN, offering future flexibility for a potential condo conversion strategy (Buyer to verify). The demand for homeownership in Torrance remains strong, and the ability to sell units individually in the future may presents an unique option for long-term investment planning. Torrance continues to experience significant growth, with major redevelopment projects, including the transformation of the South Bay Galleria into a premier mixed-use destination, further enhancing the area's desirability. The Del Amo Fashion Center, one of the largest shopping malls in the United States, provides residents with an array of retail, dining, and entertainment options, while the city’s well-regarded school district and expansive park system contribute to its longstanding appeal. Offered at $4,450,000, this property provides a compelling investment in a market with consistently high occupancy rates and strong rental demand. With its prime location, established rental history, and future condo conversion potential, this is an exceptional opportunity to acquire a multifamily asset in a highly sought-after area of the South Bay. For more information please contact Josh Cohen at 310-480-2130 or josh@cohengroupla.com.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$235 USD /SF

# OF UNITS

11

PRICE/UNIT

$404,545

CAP RATE

6.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,001 SF

ZONING

-

APN/PARCEL ID

7351-006-034,7351-006-035,7351-006-036,7351-006-037,7351-006-038,7351-006-039,7351-006-040,7351-006-041,7351-006-042,7351-006-043,7351-006-044

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

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