3419 W 190th St, Torrance, CA 90504

3419 W 190th St, Torrance, CA 90504

Torrance, CA
$1,037,000

Property Description

Johnnie Stiegler & Austin Longwell of Lyon Stahl Investment Real Estate are pleased to present 3419 W 190th St. located in North Torrance. This centrally located South Bay 4 unit has an ideal unit mix consisting of a large 3 Bedroom 1 Bath detached home, a 2 Bedroom 1 Bath unit, and (2) 1 Bedroom 1 Bath units.

The owner recently installed a brand-new roof on the property guaranteed for another 10 years. There is a laundry room, storage, and (2) two-car garages with alleyway access, giving the new owner potential for multiple streams of additional income. The tenants’ rents have been left artificially low for ease of management, but are due for an increase under new management. This is an excellent opportunity for an owner-user or investors alike.

<strong>Investment Highlights:</strong>

• Private front home with enclosed front yard<strong>
</strong>• Upgraded plumbing – Copper &amp; Galvanized<strong>
</strong>• Separately metered; tenants pay electric &amp; gas.<strong>
</strong>• Alleyway access with (2) two car garages<strong>
</strong>• Non Rent Control Market with over 40% upside

Property Features

  • Sale Price: $1,037,000
  • Area Size: 2,875 SF
  • Land Area: 4,997 SF
  • Year Built: 1951
  • Closing Date: 1/29/2020
  • Units: 4
  • Current GRM: 15.15
  • Current Cap Rate: 4.57%
  • Price Per Unit: $275,000
  • Market GRM: 11.57
  • Market Cap Rate: 6.56%