17302 Ermanita Ave - Apartments FOR SALE


Torrance, CA 90504
$8,600,000 USD
310-780-1899
17302 Ermanita Ave, Torrance, CA for Sale
$8,600,000 USD
Apartments - FOR SALE
1/28
null | 4.5% Cap Rate

17302 Ermanita Ave
Torrance, CA 90504


HIGHLIGHTS

  • Turnkey 17-Unit Apartment Building in Northwest Torrance - Close Proximity to Alondra Park Golf Course, El Camino College, and the South Bay Galleria
  • 11,695 RSF Total: (2) Buildings Total & (3) ADUs on a Massive 29,992 SF Lot
  • Unit Mix: (1) 2-Bed/2-Bath Units, (5) 2-Bed/1-Bath, (7) 1-Bed/1-Bath, (4) Studio
  • Recent Exterior Capital Improvements: New Roof, Windows, Front Doors, Wood Siding, Exterior Paint, Copper Plumbing, New Electrical, New Drain Lines
  • Recent Interior Capital Improvements: New Cabinets, Carrara Style Quartz Countertops, Smooth Interior Ceilings, Wood Laminate Flooring, & More

OVERVIEW

17302 Ermanita Ave is a turnkey 17-Unit situated in a prime pocket of NW Torrance. The property consists of (1) 2-bed/2-bath unit, (5) 2-Bed/1-Bath, (7) 1-Bed/1-Bath, and (4) Studio Units – with a strong in-place income of over $47K/Mo (Rents Effective 9/1). The 11,695 SF building sits on a massive 29,992 SF lot and features a BBQ & fire pit area for tenants to enjoy – on top of the pristine quality of the units that are fully equipped with a washer, dryer and AC. The whole building is newly renovated and recent capital improvements to the exterior include: New Roof, Windows, Front Doors & Wood Siding, Improved Landscaping, New Exterior Paint, Copper Plumbing, New Electrical & Drain Lines. The interior is dressed with top-of-the-line renovations including: New Cabinets, Carrara Style Quartz Countertops, Smooth Interior Ceilings, Wood Laminate Flooring, Stainless Steel Appliances, Recessed Lighting, New Bathroom Tile & Interior doors. The property is strategically located on a quiet street in Northwest Torrance – in close proximity to Alondra Park Golf Course, El Camino College, and the South Bay Galleria. With its sizable living space, desirable location, and impressive income, this property is a great opportunity for any investor looking for a cash-flowing prize asset. *Available with Assumable Financing @ 5.25% interest Rate. $3.9M of the Loan is Assumable - Subject to Buyer Qualification. Fixed Rate until Feb 2033

FOR SALE DETAILS

PRICE

$8,600,000 USD

PRICE/SF

$868 USD /SF

# OF UNITS

17

PRICE/UNIT

$505,882

CAP RATE

4.5%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

R3, Torrance

APN/PARCEL ID

4092-031-008

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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