1549 Plaza del Amo, Torrance, CA 90501

1549 Plaza del Amo, Torrance, CA 90501

Torrance, CA

Property Description

1549 Plaza Del Amo Torrance is a great value-add opportunity in Torrance PO. Quadruplex with lot of upside potential in rental income as units turnover and potential to convert garages into ADUs (accessory dwelling units). The property has an excellent unit mix of all 2 bedroom 1 bath units. It has been re-pipped with copper plumbing, has brand new water heaters in each unit and 2-year-old roof with 15-year warranty. Property is situated on a large 7,422 SF lot with ample on-site parking in addition to 3 detached garages (one 2-car garage and two 1-car 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 5.8%, this property is being offered at only $260,000 per unit.

Property Features

  • Sale Price: $1,040,000
  • Land Area: 7422 SF
  • Year Built: 1961
  • Listing Date: 6/11/2021
  • Closing Date: September 8, 2021
  • Units: 4
  • Current GRM: 20.39
  • Current Cap Rate: 2.68%
  • Market GRM: 12.38
  • Market Cap Rate: 5.59%

Lyon Stahl Investment Real Estate

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