2363 Torrance Blvd - Apartments FOR SALE


Torrance, CA 90501- Olde Torrance Neighborhood
$2,000,000 USD
310-592-8269
2363 Torrance Blvd, Torrance, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

2363 Torrance Blvd
Torrance, CA 90501
Olde Torrance Neighborhood


HIGHLIGHTS

  • Extensively renovated units and infrastructure
  • Not subject to city rent control
  • 4 of 5 units vacant and rent ready
  • Excellent demographics: $156,000 average household income within 1 mile radius
  • Four 1 bed / 1 bath and one 2 bed / 1 bath units

OVERVIEW

Darin Spillman at Kidder Mathews is pleased to present 2363 Torrance Blvd in the city of Torrance, CA. The property is unique in that 4 out of 5 units can be delivered vacant at the close of escrow. The vacant units provide immediate upside for an investor seeking cash flow potential in a stable, high demand rental market. The building has undergone multiple capital improvements such as renovated bathrooms, upgraded electrical system, copper plumbing, refinished hardwood floors, newer mini-blinds, ceiling fans, and kitchen appliances. All windows have been upgraded to double pane/low E, and all have metal security doors. The 2 bedroom unit includes a beautiful 8 foot, floor-to-ceiling fireplace.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$548 USD /SF

# OF UNITS

5

PRICE/UNIT

$400,000

CAP RATE

Request Cap Rate

% LEASED

20%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units Value-Add in Torrance w/4 Vacancies

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1944

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,482 SF

ZONING

TOCC-GEN

APN/PARCEL ID

7354-013-010

ASK ABOUT THIS PROPERTY

Darin SpillmanKidder MathewsMore Info
310-592-8269

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

Darin SpillmanKidder MathewsMore Info
310-592-8269

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