2830 235th St - Apartments FOR SALE


Torrance, CA 90505- Marble Estates
$8,695,000 USD
424-405-3826
2830 235th St, Torrance, CA for Sale
$8,695,000 USD
Apartments - FOR SALE
1/15
null | 4.17% Cap Rate

2830 235th St
Torrance, CA 90505
Marble Estates


HIGHLIGHTS

  • Renovated 15-Unit Apartment Complex Located in an Affluent Area of the Desirable South Bay Rental Market
  • Property Features All Spacious Two-Bed/Two-Bath Units, Six of Which Are Townhome-Style Floor Plans
  • Seven Units Have Been Completely Remodeled
  • Exterior Upgrades Include New Landscaping, New Irrigation, New Paint, New Courtyard Furnishings, and New Lighting Fixtures
  • Amenities Include In-Unit Laundry, Garage Parking, and a Landscaped Courtyard
  • 21 Percent Rental Upside

OVERVIEW

Marcus & Millichap is pleased to present to market the stunning partially renovated apartment complex located at 2830 West 235th Street in Torrance, California. The 15-unit complex offers a highly desirable mix of six two-bed/two-bath townhomes and nine two-bed/two-bath traditional units, all with spacious floor plans. The units surround a newly landscaped courtyard with furnishings for tenants’ enjoyment, and the property also offers ample garage parking and controlled access. 2830 West 235th Street boasts an extensive list of major recent improvements: seven units have been completely renovated and feature new flooring, cabinets, countertops, appliances, in-unit laundry, and new fixtures. Exterior updates include new exterior paint, new landscaping (including complete removal and replacement of irrigation system), fencing, signage, courtyard furnishings and lighting fixtures. The property is located just over a block south of Hickory Park and Hickory Elementary School and conveniently near shopping and restaurants at Torrance Crossroads. This desirable inland South Bay rental market is popular for its strong tenant base and proximity to amenities and beach cities. With its excellent condition and sought-after unit mix, 2830 West 235th Street is an exciting acquisition opportunity in a strong rental market.

FOR SALE DETAILS

PRICE

$8,695,000 USD

PRICE/SF

$473 USD /SF

# OF UNITS

15

PRICE/UNIT

$579,667

CAP RATE

4.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

TOR3*

APN/PARCEL ID

7377-002-006

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.