1456 W 220th St, Torrance, CA 90501

1456 W 220th St, Torrance, CA 90501

Torrance, CA

Property Description

1456 w 220th st is. great value add opportunity in Torrance. Quadruplex with a lot of upside potential in rental income as units turnover and potential to convert garages into ADUs (accessory dwelling units). The property has four 1 bedroom 1 bath units. Each units its own water heater and washer and dryer hoook up. Property is situated on a large 9,002 SF lot with ample on-site parking in addition to 4 detached garages. The building is easy to manage with tenants paying their utilities; the landlord is only responsible for DWP. All tenants are current on rent and have been paying through COVID. With market CAP Rate of over 7.64%, this property is being offered at only $206,500 per unit. This property is located 1/2 Mile from Harbor-UCLA Medical Center, Commute from Del Amo Fashion Center, Torrance Crossroads & Rolling Hills Plaza -Located within 5 Miles of the Redondo Beach Pier & the Beach.

Property Features

  • Sale Price: $800,000
  • Area Size: 9,002 SF
  • Year Built: 1943
  • Listing Date: November 3, 2021
  • Closing Date: February 2, 2021
  • Units: 4
  • Current GRM: 26.54
  • Current Cap Rate: 1.84%
  • Price Per Unit: $206,500
  • Market GRM: 9.83
  • Market Cap Rate: 7.81%

Lyon Stahl Investment Real Estate

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