1351 W 227th St - Apartments FOR SALE


Torrance, CA 90501- Harbor | 
$4,100,000 USD
818-455-3435
1351 W 227th St, Torrance, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/10
null | 5.17% Cap Rate

1351 W 227th St
Torrance, CA 90501
Harbor


OVERVIEW

Situated on an expansive 20,853 square foot lot, this well-maintained multifamily property consists of 20 residential units totaling approximately 14,404 square feet of rentable building area. Originally constructed in 1963, the asset offers a desirable unit mix of four one-bedroom units, fourteen two-bedroom units, and two spacious two-bedroom-plus den units, providing broad appeal to a diverse tenant base. Currently, one unit is vacant, presenting investors with an immediate opportunity to increase cash flow through lease-up while benefiting from stable in-place income generated by the occupied units. 31%+ Rental Upside Potential Visit www.227torrance.com and/or reach out to the Listing Agents for more information.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$285 USD /SF

# OF UNITS

20

PRICE/UNIT

$205,000

CAP RATE

5.17%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

LARD1.5

APN/PARCEL ID

7347-012-014,7347-012-015

ASK ABOUT THIS PROPERTY

Andrew LongCBREMore Info
818-455-3435

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Andrew LongCBREMore Info
818-455-3435

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