1309 W 219th St, Torrance, CA 90501

1309 W 219th St, Torrance, CA 90501

Torrance, CA

Property Description

DO NOT ENTER PREMISES AND/OR DISTURB TENANT(S) W/O DIRECT AUTHORIZATION FROM BROKER… We are pleased to present 1309 W 219th St, Torrance. Being offered is a rare opportunity to purchase a newly renovated Duplex in the premium submarket of Torrance. The building features an Outstanding Unit Mix of (1) 3 Bed/2 Bath Unit and (1) 3 Bed/1.5 Bath Unit with both units having access to their own (1) Car Garages. Furthermore, the Property boasts a significant amount of Pride of Ownership, as well as a beautiful, and meticulously well-maintained exterior. From a financial standpoint, any Buyer and/or Investor has the opportunity to utilize the Record Low Residential Interest Rates of Today’s Market and, with both units being Separately Metered for Gas and Electricity, this offering is poised for Excellent Income upon Acquisition, as well as substantial upside in the long-term forecasts. Furthermore, this offering represents an Excellent Owner/User Opportunity as it is perfect for an investor looking to live in one unit and rent out the other in order to offset their Debt Service. Along these lines, BOTH the “Owner’s Unit”, as well as the rear unit, will be vacating shortly after the close of escrow in accordance with their desired leaseback of 3-6 months. Not often will you find a Large 2,707 SF Duplex on an Oversized Lot in Torrance P.O, that’s not only in Turnkey Condition, but will be delivered completely vacant inside of (6) months after closing escrow.
On top of this, there is much to be said about the Property’s Location and the Submarket’s poise for significant Appreciation. The Building itself boasts an Outstanding Walk Score® of 70 (“Very Walkable”), making it a Prime Rental Location as it’s located within proximity to the submarket’s economic and employment hubs including New Dignity Health Sports Park and the Del Amo Fashion Center. This Development, and specifically the subsequent influx in both Population & Employment in Torrance, provides much optimism for continued appreciation within the submarket. Being centrally located near the 405 and 110 Freeways, the property’s strategic location offers convenient access both to and from the massive employment hotspots of Orange County and Los Angeles. With Population Growth and Employment being two of the largest Demand Drivers to Residential Income Properties, there is much optimism for continued rent growth within the Submarket.

Property Features

  • Sale Price: $1,025,000
  • Area Size: 2,707 SF
  • Land Area: 9,004 SF
  • Year Built: 1941
  • Listing Date: January 14, 2021
  • Units: 2
  • Current GRM: 13
  • Current Cap Rate: 5.39%
  • Price Per Unit: $512,500
  • Market GRM: 12.61
  • Market Cap Rate: 5.39%

Lyon Stahl Investment Real Estate

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