Description

Highly Desirable Torrance Location: Situated just east of Hawthorne Boulevard, less than one mile from Village Del Amo and Del Amo Fashion Center, and approximately 2.5 miles from the Pacific Ocean and Redondo Beach Pier. Outstanding Unit Mix: Fourplex featuring a desirable mix of 3-bedroom, 2-bedroom, and 1-bedroom units. Ideal Owner-User Opportunity: Spacious 3-bedroom owner's unit includes a fireplace, private patio, and washer/dryer hookups. Upgraded Electrical System: Property features updated electrical with new subpanels installed for all units. Attractive Property Amenities: Intercom access, five garage parking spaces, & an on-site laundry facility that generates additional income. Efficient Operating Profile: All-electric building with no gas expense, helping reduce operating costs and simplify utility management. Strong Investment Fundamentals: Offered at a 4.58% current cap rate and 14.72 GRM with upside to a 5.01% pro-forma cap rate and 13.83 GRM. Not subject to local rent control (AB 1482 only) and qualifies for residential financing.