1329-1331 W Carson St - Apartments FOR SALE


Torrance, CA 90501- Harbor
$2,250,000 USD
310-480-2130
1329-1331 W Carson St, Torrance, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/18
null | 5.49% Cap Rate

1329-1331 W Carson St
Torrance, CA 90501
Harbor


HIGHLIGHTS

  • Rental upside of 35% +/-!
  • Two separate buildings on a large 9,000 sf lot.
  • 13 parking spaces with onsite laundry and potential for ADUs at the back of the lot (Buyer to verify)!
  • Great location within walking distance to retail offerings and the Harbor-UCLA Medical Center!

OVERVIEW

The Cohen Group is pleased to present our latest investment offering, 1329-1331 West Carson Street. The property is located in Torrance P.O, offering (12) one-bedroom/one-bath units and (1) commercial retail space with total projected rental upside of 35% +/-! There may also be ADU potential at the rear of the lot (Buyer to verify). Located in a great area within walking distance to a wide array of retail options, the property offers great freeway access to the 110 and the 405, and is close enough to the Beach Cities so that tenants can enjoy a cool ocean breeze. The property is comprised of two separate buildings on a large 9,000 square foot lot, and offers 13 parking spaces and on-site laundry for tenant convenience. With low expenses, the property is separately metered for electric and master-metered for gas (may be able to be sub-metered) and also features a brand new central water heater. Many of the units have been updated and no soft-story retro?t is needed.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$453 USD /SF

# OF UNITS

13

PRICE/UNIT

$173,077

CAP RATE

5.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carson Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

LAC2

APN/PARCEL ID

7349-030-016

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.