fbpx Skip to main content
search
← Back to Property Listings
Sold

1527 Torrance Blvd

  • Large 5-Unit apartment building in excellent condition just outside of Old Torrance
  • Great unit mix with a 2 bed/1 bath house, three (3) 2bed/1 bath units, and one (1) 1 bed/1 bath unit
  •  Back four units all built in 1987 with lower maintenance modern era systems
  • Strong actual income at 15.1X gross plus a huge 40% upside in rents to a 10.7 GRM on market rents
  • Well parked with 10 spaces in a semi-covered lot
  • Well-maintained, professionally managed property
  • Not subject to city of LA soft story retrofit program

Property Details

  • Units: 5
  • Gross Rent Multiplier: 15.05
  • Cap Rate: 3.3

Download Offering Memorandum

Contact Listing Agent

Price

$1,350,000

Annual Income

$89,680

Annual NOI

$44,881

Annual Expense

$40,315

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
121$2,050$2,050$2,400$2,400
121$1,493$1,493$2,150$2,150
121$1,595$1,595$2,150$2,150
121$1,322$1,322$2,150$2,150
111$1,013$1,013$1,650$1,650
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
595$7,473$10,500

Let’s Discuss This Property

Please fill out the form below and we’ll get back to you as soon as we can.

This field is for validation purposes and should be left unchanged.

Leave a Reply

Close Menu