Just Closed – 8 Units in Torrance | $1,550,000
Lyon Stahl is proud to present 1453 W 228th St, a beautiful 8-unit in Torrance, CA. This property consists of 4,605 SF of total living space situated on 7,138 SF of land with a mix of eight (8) 1-bedroom/1-bathroom units. The property is currently operating at nearly a 4% CAP with approximately 20% upside in market rent potential (pro forma CAP Rate of 5.20%).
This property is located west of the 110 FWY and is close proximity to the beach and Harbor-UCLA Medical Center, and is surrounded by plenty of retailer, restaurants, and other entertainment options. Given the great condition of the property, solid cash flows, and the upside in market rent potential, this property would be an ideal investment for any property owner.
● 4,605 SF of total living space situated on 7,138 SF of land
● Unit mix consisting of one (1) 2-bedroom/1-bathroom & seven (7) 1- bedroom/1-bathroom units
● 4.29% CAP with approximately 20% upside in market rent potential (pro forma CAP Rate of 5.61%)
● Close proximity to the beach and Harbor-UCLA Medical Center
● Property is gated, and units are well-maintained
● Property is not subject to rent control
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