16915 Yukon Ave, Torrance, CA 90504

16915 Yukon Ave, Torrance, CA 90504

Torrance, CA

Property Description

Attractive assumable financing, subject to lender approval, available w/ Chase Bank at a 3.97% interest rate, interest only until March 2027 & fixed rate until March 2029! 16195 Yukon Ave is a turnkey 8-Unit situated in a prime pocket of NW Torrance. The property boasts (8) 2-bed/1-bath units, 7 carport spots, and 1 garage space. (4) of the units are equipped with spacious private patios and (1) unit in the back features an upstairs balcony. The 7,224 SF building sits on a 10,001 SF lot priced at $553/SF and $499,375 per unit. Offered at a cap rate of 3.48%, the building is currently generating over $19,000+ per month. The building is newly renovated and recent capital improvements include: New Roof, Windows, Front Doors & Wood Siding, Improved Landscaping, New Exterior Paint & Copper Plumbing, New Cabinets, Grey Quartz Countertops, Smooth Interior Ceilings, Wood Laminate Flooring, Stainless Steel Appliances, Recessed Lighting, New Bathroom Tile & Interior doors. The property is strategically located in a great pocket of Northwest Torrance – in close proximity to Alondra Park Golf Course, El Camino College, and the South Bay Galleria. With its sizable living space, desirable location, and impressive income, this property is a great opportunity for any investor looking for a cash-flowing prize asset.

Property Features

  • Sale Price: $3,470,000
  • Area Size: 7,224 Sq. Ft.
  • Land Area: 10,001 Sq. Ft.
  • Year Built: 1958
  • Listing Date: 10/10/2023
  • Closing Date: 1/19/2024
  • Units: 8
  • Current GRM: 17.26
  • Current Cap Rate: 4.01%
  • Price Per Unit: $446,875
  • Market GRM: 15.34
  • Market Cap Rate: 4.65%
  • Current NOI: $143,489

Lyon Stahl Investment Real Estate

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