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1646 - 1652 Cabrillo Avenue, Torrance, CA

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1646 - 1652 Cabrillo Avenue

Torrance, CA 90501-2819 - Torrance Submarket

Property Type:Hospitality Number of Rooms:47 Status:Existing Year Built:1920
Stories:2 Building Size:16,588 SF Land Area:.2 AC (8,838 SF)
For Sale Price:$4,800,000 Price/Room:$102,128 Cap Rate:10.60 %

Parking:.6 Parking Spaces / 1,000 SF

Sale Notes:
1646 Cabrillo Ave, a 2-story building comprised
of approximately 43 rooms with shared
bathrooms. Located within over 16,588 total
square feet of mixed-use space in Old Town
Torrance. The first floor consists of 4 retail
spaces that includes a Japanese restaurant, two
graphic design companies, and a community
room. The second floor is currently NNN master
leased to a local school as a single tenant for
long term stay apartment hotel use. The lease can be cancelled if an owner user wants to take over and run it as a short term stay. Confirm with the City to see if its possible to do assisted living, treatment center, hostel, etc.
The City of Torrance is the eighth largest city in Los Angeles County and competes globally through its myriad of assets: diverse residents, flourishing businesses and safe communities. Over the years, Torrance continues to live out its motto as a balanced city. This suburban city is 10 short miles to LAX Airport but feels a miles away, boasting more than 90,000 street trees, 30 city parks, including Miramar Park, overlooking a beautiful stretch of pristine beach, adjacent to the Pacific Ocean. Wilson Park, the focal point 44 acres park, which has extensive picnic and sports facilities, including a modern gymnasium, skate park, and roller-hockey rink. Wilson Park also hosts the Torrance Farmers Market on Tuesdays and Saturdays.Torrance is the birthplace of the AYSO American Youth Soccer Organization.Torrance has consistently been recognized as one of LA's safest communities, making it attractive for families to live and tourists to visit. Convenient to LA's major freeways, visitors can get to their favorite attractions, including Disneyland, Universal Studios and the likes, Del Amo Fashion Center, the fifth largest mall in the United States is a great place to wrap up the trip

Sotheby's International Realty
Lee C Johnson
(310) 892-2244

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