1518 Marcelina Ave, Torrance, CA 90501

1518 Marcelina Ave, Torrance, CA 90501

Torrance, CA

Property Description

1518 Marcelina Ave is a well positioned 7-Unit situated in the quiet neighborhood of Old Torrance. The property boasts (7) 1-bed/1.5-bath two-story units, each with their own attached garage and private balconies. Tenants enjoy downstairs bedrooms with upstairs living room, kitchen, and ½ guest bathroom. The location also provides easy access to a range of retail and restaurant establishments. The building offers 5,085 RSF of living space priced at $452/SF and $328,571 per unit, with a proforma 12.17 GRM and 5.72% Proforma CAP presenting significant upside potential. With its premier location, sizeable living space, and attractive pricing, 1518 Marcelina Ave is an excellent investment opportunity for any Los Angeles CRE Investor.

Property Features

  • Sale Price: $2,460,000
  • Area Size: 5,085 Sq. Ft.
  • Land Area: 7,001 Sq. Ft.
  • Year Built: 1985
  • Listing Date: 7/10/2023
  • Closing Date: 8/1/2023
  • Units: 7
  • Current GRM: 18.72
  • Current Cap Rate: 3.09%
  • Price Per Unit: $328,571
  • Market GRM: 12.17
  • Market Cap Rate: 5.72%
  • Current NOI: $71,112

Lyon Stahl Investment Real Estate

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