1619-1627 W 206th St - Apartments FOR SALE


Torrance, CA 90501- Harbor
$2,495,000 USD
424-239-5903
1619-1627 W 206th St, Torrance, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/10
null | 5.3% Cap Rate

1619-1627 W 206th St
Torrance, CA 90501
Harbor


HIGHLIGHTS

  • Prime Torrance P.O. Location - Easy Access to Old Town Torrance and 405 Freeway
  • Significant Value-Add Potential - Current Rents 25% Below Market
  • Major CapEx Completed - New Roofs, New Paint, Upgraded Exterior Walkways

OVERVIEW

Bella Vista is a 12-unit apartment property located in the Torrance P.O. neighborhood of Los Angeles. The property consists of two 6-unit buildings with a rentable square footage of 7,756 square feet and is situated on two parcels totaling 14,007 square feet. Built in 1964, the property is subject to the City of Los Angeles Rent Control Ordinance. The subject property consists of 8 one-bedroom / one-bath units, and 4 two-bedroom / one-bath units. Parking consists of a total of 12 uncovered spaces located at the rear of the property. The building is separately metered for electricity and gas. Ownership has recently upgraded the elevated walkways, painted the building, and added a high-end camera system for tenant safety.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

12

PRICE/UNIT

$207,917

CAP RATE

5.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,007 SF

ZONING

RD1.5

APN/PARCEL ID

7351-007-017,7351-007-018

ASK ABOUT THIS PROPERTY

Steffan BraunlichBerkadiaMore Info
424-239-5903

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Steffan BraunlichBerkadiaMore Info
424-239-5903

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