16910 16924 Crenshaw Blvd, Torrance, California, United States

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Home For Sale

$5,750,000

16910 16924 Crenshaw Blvd
Torrance, California, United States

7bd 29ba

Listed By: Realtyww Info

Listed On: 09/08/2024

Listing ID: GL11275100 View More Details

Description

Luca is proud to present this 29-unit investment opportunity in Torrance. The property is situated in an outstanding Torrance location and is NOT subject to LA Rent Control and instead falls under AB-1482. The asset has a unit mix of (two) 2-bedroom/1-bathroom units, (three) 1-bedroom/1-bathroom units, (fifteen) studio/1-bathroom units and (nine) bachelor/1-bathroom units. The property is situated on two separate, adjacent parcel each lot with its own assessor parcel number (APN). The offering is priced at only $198, 276 per unit. The property features a total of 12, 952-SF of living area and is situated on a large 19, 824-SF corner lot. The asset is being offered at a 5.52% current cap rate and 11.97 current GRM with upside to a 7.82% pro-forma cap rate. Each unit has individual hot water heaters and both buildings are all electric. 16924 Crenshaw has a newer roof. Furthermore, there is a courtyard area with a pool and an on-site laundry facility with two washers and two dryers.

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Listed by: Gianluca Jacoli