1820 Torrance Blvd - Manufactured Housing/Mobile Housing FOR SALE


Torrance, CA 90501- Olde Torrance Neighborhood
$4,500,000 USD
310-207-2288
1820 Torrance Blvd, Torrance, CA for Sale
$4,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/4
null | 2.43% Cap Rate

1820 Torrance Blvd
Torrance, CA 90501
Olde Torrance Neighborhood


HIGHLIGHTS

  • Trust Sale. NO Court Confirmation required
  • For sale AFTER 61 years!
  • Excellent current income with great upside potential
  • Situated on an approx. 50,138 SF lot with TOMC-CTR zoning
  • Sold AS IS and WHERE IS with all faults, and without warranty, express or implied and with current tenants and pad owners in place.

OVERVIEW

Trust Sale. NO Court Confirmation required. For sale AFTER 61 years! Great opportunity to own a 30-unit mobile home park in a prime location of central Torrance! Listed for below land value for the area. Excellent current income with great upside potential. Situated on an approx. 50,138 SF lot with TOMC-CTR zoning, the property is located near the intersection of Torrance Boulevard and South Western Avenue. 8 mobile homes are rentals and 22 pad-owned units. Three units (Units 21, 22, and 30) are occupied by family members of ex-manager of Ms. Dolores Stockton for free. Ownership of the subject three units has not been confirmed, as no documentation as to the ownership/leasing of the subject units have been found. Seller, and their agent(s)/representative(s) are not aware of, and disavows, any legal arrangement between the occupant(s) of the subject three units. Buyer is strongly advised to do their own due diligence and take any action it deems necessary. Bill back for utilities is being audited, as the owner's expense seems to be higher than what it should be. Sold AS IS and WHERE IS with all faults, and without warranty, express or implied and with current tenants and pad owners in place. Trustee is an independent fiduciary not related to the family. Buyer to conduct their own investigations. Buyer to review and acknowledge the attached seller disclosure regarding the subject sale.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$3,507 USD /SF

# OF UNITS

30

PRICE/UNIT

$150,000

CAP RATE

2.43%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Skylark Torrance Mobile Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,116 SF

ZONING

TOMC-CTR

APN/PARCEL ID

7355-028-003

ASK ABOUT THIS PROPERTY

Vinny JainIngenious Asset GroupMore Info
310-207-2288

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Vinny JainIngenious Asset GroupMore Info
310-207-2288

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