ASSET Fourplex apartment in a highly desirable Torrance location. Not subject to local rent control – AB 1482 only. The asset consists of (four) 2-bedroom/1-bathroom units. One of the units is vacant and has been renovated which presents a desirable owner-user opportunity. Each unit contains an individual hot water heater and private patio. The property features a newer sewer line, four garage spaces and an on-site laundry facility which is able to generate additional annual income. LOCATION 3706 Redondo Beach Boulevard has an outstanding North Torrance location, across the street Alondra Park and a few blocks from El Camino College and the South Bay Galleria. Also, it is in close proximity to the many employment centers such as Northrup Grumman, Raytheon, SoFi Stadium, Intuit Dome, Los Angeles Times, Hollywood Park Tomorrow, Boeing, and the LAX Airport. FINANCIALS This 3,516-SF asset contains stable-in place rents as well as legitimate rental upside. The property has a current cap rate of 5.02% and a current GRM of 14.03. The asset also presents rental upside with a pro-forma cap rate of 6.13% and pro-form GRM of 12.08. Furthermore, the property qualifies for attractive residential financing.