$5,600,000
16910 Crenshaw Boulevard
Torrance, CA, 90504
Property Description
Price reduced by $150,000! 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 (2) 2-bedroom/1-bathroom units, (3) 1-bedroom/1-bathroom units, (15) studio/1-bathroom units and (9) bachelor/1-bathroom units. The property is situated on two separate, adjacent parcels – each lot with its own assessor parcel number (APN). The offering is priced at only $193,103 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 5.69% current cap rate and 11.67 current GRM with upside to a 7.97% 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, 29 parking spaces, and an on-site laundry facility with two washers and two dryers.
Property Details
Price:
$5,600,000
MLS #:
24436973
Status:
Active
Baths:
0
Address:
16910 Crenshaw Boulevard
Type:
Residential Income
Neighborhood:
133ntorranceeast
City:
Torrance
Listed Date:
Sep 6, 2024
State:
CA
ZIP:
90504
Lot Size:
19,824 sqft / 0.46 acres (approx)
Year Built:
1959
Schools
Interior
Exterior
Parking Features
Covered
Parking Spots
29.00
Stories Total
2
Financial
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Courtesy of Shield CRE, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
16910 Crenshaw Boulevard
Torrance, CA
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