1527 Torrance Blvd, Torrance 90501
- 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
withdrawn
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PRICE
$1,350,000
ANNUAL INCOME
$89,680
ANNUAL NOI
$44,881
ANNUAL EXPENSE
$40,315
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 2 | 1 | $2,050 | $2,050 | $2,400 | $2,400 |
| 1 | 2 | 1 | $1,493 | $1,493 | $2,150 | $2,150 |
| 1 | 2 | 1 | $1,595 | $1,595 | $2,150 | $2,150 |
| 1 | 2 | 1 | $1,322 | $1,322 | $2,150 | $2,150 |
| 1 | 1 | 1 | $1,013 | $1,013 | $1,650 | $1,650 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 5 | 9 | 5 | $7,473 | $10,500 |
