16811 Yukon Ave, Torrance, CA 90504

16811 Yukon Ave, Torrance, CA 90504

Torrance, CA
$6,650,000

Property Description

16811-16817 Yukon Ave is a strategically placed 18-Unit Northwest Torrance. The property is comprised of (2) side-by-side buildings totaling 19,820 square feet placed on a large 20,005 SF lot. There is a driveway that splits the two buildings that leads to a carport with potential to be converted into an ADU (buyer to verify). The strong unit mix is comprised of (2) 3-Bed/1.5-Bath units and (16) 2-Bed/1-Bath Units. The property is two-stories and the second-story units are equipped with a balcony, adding extra space to the units for tenants to enjoy. This building currently has strong in-place income with 50% rental upside offering immediate value-add potential via improvements & rent increases. Sitting at a 3.35% CAP Rate and a 6.11% Market Cap, this is a great opportunity for any investor looking for a value-add building in a great neighborhood. Located in Northwest Torrance, this property is a short distance from Alondra Park and only a half mile from El Camino Community College. Considering current income, location & rental upside, 16811-16817 Yukon Ave is a rare opportunity for any CRE Investor or exchange buyer to maximize cashflow potential w/ an appreciating asset.

Property Features

  • Sale Price: $6,650,000
  • Area Size: 19,820 Sq. Ft.
  • Land Area: 20,005 Sq. Ft.
  • Year Built: 1963
  • Listing Date: 1/26/2024
  • Units: 18
  • Current GRM: 17.31
  • Current Cap Rate: 3.35%
  • Price Per Unit: $369,4444
  • Market GRM: 11.59
  • Market Cap Rate: 6.11%
  • Current NOI: $222,536

Lyon Stahl Investment Real Estate

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