16910 Crenshaw Blvd, Torrance, CA 90504 – 24-436973

REQUEST A TOUR

In-PersonVirtual Tour

Gianna Silvaggio

gsellslv@gmail.com +1(702) 236-2664

$ 5,600,000

Est. payment | -/mo

7 Beds

29 Baths

12,952 SqFt

Save

$ 5,600,000

Est. payment | -/mo

Save

7 Beds

29 Baths

12,952 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,952 sqft

Price per Sqft $432

MLS Listing ID 24-436973

Bedrooms 7

Year Built 1959

Annual Tax Amount $70,000

Lot Size 0.455 Acres

Acres 0.3007

Property Description

Price reduced by $150,000! Luca is proud to present this 29-unit investment opportunity in Torrance. The property is situated in an outstanding Torrance location and is NOT subject to LA Rent Control and instead falls under AB-1482. The asset has a unit mix of (2) 2-bedroom/1-bathroom units, (3) 1-bedroom/1-bathroom units, (15) studio/1-bathroom units and (9) bachelor/1-bathroom units. The property is situated on two separate, adjacent parcels - each lot with its own assessor parcel number (APN). The offering is priced at only $193,103 per unit. The property features a total of 12,952-SF of living area and is situated on a large 19,824-SF corner lot.The asset is being offered at a 5.69% current cap rate and 11.67 current GRM with upside to a 7.97% pro-forma cap rate. Each unit has individual hot water heaters and both buildings are all electric. 16924 Crenshaw has a newer roof. Furthermore, there is a courtyard area with a pool, 29 parking spaces, and an on-site laundry facility with two washers and two dryers.

Location

State CA

County Los Angeles

Area North Torrance East

Zoning TORR-MD

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Laundry Laundry Area, Room

Exterior

Garage Covered Parking

Garage Spaces 29.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Shield CRE, Inc.

+1(702) 236-2664

gsellslv@gmail.com