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3419 W 190th St, Torrance, CA 90504

$1,207,500

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.

Investment Highlights:

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

Property Downloads

Address

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

Detail

Updated on July 22, 2019 at 6:17 pm

  • Price: $1,207,500
  • Property Size: 2,875 Sq Ft
  • Land Area: 4,997 Sq Ft
  • Garage: 2
  • Garage Size: 4
  • Year Built: 1951
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • GRM: 16.63
  • CAP RATE: 4.05%
  • Price per Unit: $301,875
  • Market GRM: 12.09
  • Market CAP RATE: 6.25%

Contact info

Austin Longwell
Austin Longwell
(424) 781-4651(626) 408-4420
Linkedin
Johnnie Stiegler
Johnnie Stiegler
(310) 990-9685(310) 447-2213

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