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18229-18231 Regina Ave, Torrance, CA 90504

$990,000

Description

Lyon | Stahl is pleased to present 18229-18231 Regina Ave in North Torrance. This property consists of two (2) homes on a lot that have a total living area of 2,087 SF. Situated on a 6,754 SF lot, these fully occupied buildings are currently generating $4,855 per month (including $265.00 a month from the additional two-car garage). The front house (2-bed/1-bath) has half copper and half galvanized plumbing and features all new windows. The back house consists of 3-bed/2-baths and was recently remodeled with new laminate and tile flooring, new appliances, and all copper plumbing. The main water line for the entire property is also copper and the roof was recently replaced 5 years ago. Given the property’s upside in market rent potential (nearly 20%) and central location near restaurants and retailers, this is a great opportunity for any investor looking to add a great piece of real estate to their portfolio!

 

Investment Highlights:

● Two (2) homes on a lot | Back – (1) 3-bed/2-bath | Front – (1) 2-bed/1-bath
● 2,087 SF of total living space situated on 6,754 SF of land
● Both of the homes are currently occupied | Generating $4,855 per month
● Front house has new windows | Half copper & half galvanized plumbing
● Backhouse was recently remodeled | New laminate & tile flooring & appliances | All copper plumbing
● The main water line is copper | Recently replaced roof (5 years ago)
● Great location! Close proximity to retailers & restaurants

 

Property Downloads

Address

  • City: Torrance
  • State/county: CA
  • Country: United States

Detail

Updated on October 31, 2018 at 3:37 pm

  • Price: $990,000
  • Property Size: 2,087 Sq Ft
  • Land Area: 6,754 Sq Ft
  • Garage Size: 2
  • Year Built: 1949
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 2
  • NOI: $41,450
  • GRM: 17.97
  • CAP RATE: 4.19%
  • Price per Unit: $495,000

Contact info

Brett Lyon
Brett Lyon
(310) 880-5328(310) 880-5328
Linkedin
Woody Stahl
Woody Stahl
(310) 880-0926(310) 880-0926
Linkedin

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