25601 Crenshaw Blvd - Apartments FOR SALE


Torrance, CA 90505- Walteria
$2,300,000 USD
424-405-3826
25601 Crenshaw Blvd, Torrance, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/16
null | 2.4% Cap Rate

25601 Crenshaw Blvd
Torrance, CA 90505
Walteria


HIGHLIGHTS

  • Excellent opportunity to acquire an asset consisting of a single-family home and a triplex in the sought-after Walteria neighborhood of Torrance
  • The front home faces January Drive, a quiet residential street, and is a three-bed/two-bath that will be delivered vacant - great owner/user option
  • Rear triplex offers all one-bedroom units and three single-car garages
  • Current rents offer 25 percent potential upside
  • Outstanding location in an affluent neighborhood of the inland South Bay, walkable to Rolling Hills Plaza’s numerous popular dining and retail options

OVERVIEW

Marcus & Millichap is pleased to present to market 25601 Crenshaw Boulevard, a four-unit property in the highly sought-after Walteria neighborhood of Torrance, California. The property consists of a three-bedroom/two-bath home that faces January Drive, a quiet residential street, and a rear triplex with all one-bedroom/one-bath units that backs up to Crenshaw Boulevard. The front home will be delivered vacant, making this an excellent owner/user or value-add opportunity. Furthermore, current rents of the triplex offer a new investor 25 percent rental upside. The front home features updated electrical, a single-car garage, and new interior paint. The triplex offers three single-car garages that are easily accessed via Crenshaw Boulevard. This property boasts an outstanding location in an affluent neighborhood, walkable to Rolling Hills Plaza and its numerous popular retailers and dining options, and on the border of Rolling Hills Estates.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$917 USD /SF

# OF UNITS

4

PRICE/UNIT

$575,000

CAP RATE

2.4%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,597 SF

ZONING

TORR-MD

APN/PARCEL ID

7536-004-011

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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