775 Portola Ave, Torrance, CA 90501

775 Portola Ave, Torrance, CA 90501

Torrance, CA

Property Description

775 Portola Ave is an amazing opportunity to own six units offered at only $282k/unit. The subject property has over 50% upside in rental income. Whether you are long term or a value-add investor, the subject property is the perfect assets to help achieve your investment goals. 775 Portola Ave features a unit mix of (6) 1-Bed/1-Bath – each unit features 2 parking space (1 garage and 1 tandem), as well as washer/dyer hookups. Once fully rented for market and ADU is constructed ($300k), the property will operate at a 8.61% CAP and 7.64 GRM. This investment is located near Old Torrance- one of the more desirable pockets in Torrance. There are many shops and restaurants close by, as well as Del Amo Shopping Center. One of the highlights of Torrance is its excellent education system. The city is home to several top-rated public and private schools, providing residents with quality education options for their children.

Property Features

  • Sale Price: $1,695,750
  • Area Size: 5,600 sq ft
  • Year Built: 1957
  • Closing Date: 5/7/2024
  • Units: 6
  • Current GRM: 7.64
  • Current Cap Rate: 8.61%