1616 W 218th St, Torrance, CA 90501

1616 W 218th St, Torrance, CA 90501

Torrance, CA

Property Description

Great Opportunity to Own a Newer Building that Was Built in 1983. Super Location, Located on a Quiet Tree Lined Street in Nice Area of Torrance. Well Maintained Building. NO RENT CONTROL. Upside Potential in Rents. All Units Have Recently Been Refurbished. Low Turnover and Easy to Manage. On-Site Laundry. Close to Shopping Centers and Freeway. Combination Of Units Are: … 5 – 1 Bedroom/1 Bath, 2 – 2 Bedroom/1 Bath, 1 – 2 Bedroom/2 Bath. Occupancy Was a Greater Priority For The Owner Than Sustaining Market Rents and has kept Rents Approximately % ‘Under Market’. There is Considerable Upside for the Buyer To Increase Rents.

Property Features

  • Sale Price: $1,010,000
  • Area Size: 5843 Sq Ft
  • Land Area: Sq Ft
  • Year Built: 1983
  • Listing Date: Jun 16, 2011
  • Closing Date: Oct 16, 2013
  • Units: 8

Lyon Stahl Investment Real Estate

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