1531 Torrance Blvd, Torrance, CA 90501

1531 Torrance Blvd, Torrance, CA 90501

Torrance, CA
$1,495,000

Property Description

We are pleased to present this pride of ownership 5-unit apartment building located at 1531 Torrance Blvd. This very well-maintained 4,085 SqFt building is situated on a 7,501 SqFt lot. This property consists of (4) 2-bed/1-bath, and (1) 2-bed/2-bath units. One of the 2-bed/1-bath units has been recently remodeled and will be delivered vacant. This property includes 10 on site parking spaces. Four of the units share a coin operated laundry room, and one of the units has their own washer/dryer hookup. The over all condition of this property is pristine including a new roof installed 3 years ago. The original front unit was built in 1940, and the four rear units were built in 1987. All units are separately metered.

Property Features

  • Sale Price: $1,495,000
  • Area Size: 4,085 Sq. Ft.
  • Land Area: 7,501 Sq. Ft.
  • Year Built: 1987
  • Listing Date: 8/22/2022
  • Units: 5
  • Current GRM: 14.68
  • Current Cap Rate: 4.25%
  • Price Per Unit: $299,000
  • Market GRM: 11.07
  • Market Cap Rate: 6.41%
  • Current NOI: $ 63,607