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Torrance,CA 90501
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25231210
Year Built 1955
Lot Size 8,067 Sqft
Property Sub-Type Mixed Use
Property Description
8-Unit Apartment Building | First Time on Market in 26 Years!
Rare investment opportunity: two 4-unit buildings on one parcel. Each unit is 2 bed/1 bath. Huge upside in rents with a possible 10.3% market CAP and 7.7 market GRM! Upgrades include new roofs, new electrical panels, 68 new vinyl windows (2025), and freshly painted exterior. One remodeled unit is rent-ready. Most units feature updated vinyl/tile flooring. All units include gas range, water heater, and gas wall furnace. 1 covered carport space per unit. Shared courtyard. Many long-term tenants. Subject to City of Los Angeles Rent Control (RSO). Convenient location near freeways, shopping, and restaurants. Huge rental upside.
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Interior
Heating Natural Gas,Wall Furnace
Cooling None
Flooring Carpet,Tile,Vinyl,Wood
Fireplaces Type None
Laundry Washer Hookup,In Kitchen
Exterior
Parking Features Assigned,Off Street,One Space
Fence Block
Pool None
Community Features Curbs,Gutter(s),Storm Drain(s),Street Lights,Suburban,Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Roof Type Composition,Shingle
Building
Lot Description 0-1 Unit/Acre,Back Yard,Rectangular Lot
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard