3564 Del Amo Blvd - Apartments FOR SALE


Torrance, CA 90503- Delthome
$1,925,000 USD
310-593-9868
3564 Del Amo Blvd, Torrance, CA for Sale
$1,925,000 USD
Apartments - FOR SALE
1/13
null | 4.58% Cap Rate

3564 Del Amo Blvd
Torrance, CA 90503
Delthome


HIGHLIGHTS

  • Highly Desirable Torrance Location, Just East of Hawthorne Boulevard - Less Than One Mile from Village Del Amo & Del Amo Fashion Center
  • Outstanding Unit Mix of 3-Bedroom, 2-Bedroom & 1-Bedroom Units | Upgraded Electrical - All Units Contain New Subpanels
  • Large 3-Bedroom Owner’s Unit with Fireplace, Private Patio & Washer/Dryer Hook-Ups | No Local Rent Control – Defaults to AB 1482
  • Approximately 2.5 Miles from the Pacific Ocean & the Redondo Beach Pier | Residential Asset – Qualifies for Residential Financing
  • 4.58% Current Cap Rate & 14.72 Current GRM | 5.01% Pro-Forma Cap Rate & 13.83 Pro-Forma GRM | All Electric Building with No Gas Expense
  • Intercom Access & Total of 5 Garage Spaces | On-Site Laundry Facility - Generates Additional Annual Income

OVERVIEW

ASSET Fourplex with great unit mix in an outstanding Torrance location. No local rent control – defaults to AB 1482. Situated on a 6,000-SF lot, the property is comprised of (one) 3-bedroom/2-bathroom unit, (one) 2-bedroom/2-bathroom unit and (two) 1-bedroom/1-bathroom units. The front 3-bedroom owner’s unit has a fireplace, private patio and washer/dryer hook-ups. The electrical has been recently updated and all units have new subpanels. The property contains intercom access and the building is all electric with no gas expense. Furthermore, there are a total of 5 garage spaces and there is an on-site laundry facility. LOCATION 3654 Del Amo Boulevard is located in a desirable pocket of Torrance, just east of Hawthorne Boulevard and less than one mile from both Village Del Amo and the Del Amo Fashion Center. The property is approximately 2.5 miles from the Pacific Ocean and the Redondo Beach Pier. FINANCIALS This 3,916-SF fourplex is being offered at a 4.58% current cap rate and 14.72 current GRM with a 5.01% pro-forma cap rate and 13.83 pro-forma GRM. The property is a residential asset which qualifies for residential financing. *Please do not disturb tenants. Buyer to conduct their own due diligence and investigation. Some property photos have been digitally enhanced.

FOR SALE DETAILS

PRICE

$1,925,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

4

PRICE/UNIT

$481,250

CAP RATE

4.58%

% LEASED

100%

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

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

TORR-MD

APN/PARCEL ID

7524-029-013

ASK ABOUT THIS PROPERTY

Jonathan NikfarjamShield Commercial Real EstateMore Info
310-593-9868

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Jonathan NikfarjamShield Commercial Real EstateMore Info
310-593-9868

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