Just Listed – 4-Unit Building for Sale in Torrance
Austin Longwell and Johnnie Stiegler of Lyon | Stahl Investment Real Estate are pleased to present 3419 W 190th St, a 4-unit building for sale in Torrance!
This 2,875 Sq Ft building on a 4,997 Sq Ft lot is offered at $1,295,000
This centrally located South Bay 4 unit has an ideal unit mix consisting of a large 3 Bedroom 1 Bath detached home, a 2 Bedroom 1 Bath unit, and (2) 1 Bedroom 1 Bath units.
The owner recently installed a brand-new roof on the property guaranteed for another 10 years. There is a laundry room, storage, and (2) two-car garages with alleyway access, giving the new owner potential for multiple streams of additional income. The tenants’ rents have been left artificially low for ease of management, but are due for an increase under new management. This is an excellent opportunity for an owner-user or investors alike.
• Private front home with enclosed front yard
• Upgraded plumbing – Copper & Galvanized
• Separately metered; tenants pay electric & gas.
• Alleyway access with (2) two car garages
• Non Rent Control Market with over 40% upside
Torrance is a city in the South Bay region of Los Angeles County bordered by Redondo Beach, Palos Verdes Estates, Rolling Hills Estates, Gardena, and Lawndale. Torrance is known for its low crime rates, consistently ranking among the safest cities in LA Couty.
The median price of homes currently listed in Torrance is $817,200 and Torrance real estate values have gone up 21% over the past 5 years.
One of the largest malls in the United States, Del Amo Fashion Center, is in Torrance along with the headquarters of Honda, King’s Hawaiian, and simplehuman. In addition to its corporate presence, there is a strong emphasis on small business in the community: Torrance has been ranked in the top 3 cities in California for small businesses.
To learn more about this property: