16910 -16924 Crenshaw Boulevard
Torrance, CA 90504
$150,000.00 (-2.61%)
Active for $5,600,000
Beds: 7 Baths: 29 Structure Size: 12,952 sqft Lot Size: 19,824 sqft
| MLS | 24436973 |
| Year Built | 1959 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $5,600,000 |
| Structure Size | 12,952 sqft |
| Lot Size | 19,824 sqft |
| Beds | 7 |
| Baths | 29 |
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.
Listing information courtesy of: Gianluca Jacoli, Shield CRE, Inc. 310-593-9861. *Based on information from the Association of REALTORS/Multiple Listing as of 11/13/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Bobby Spears Jr.
REALTOR®
Direct: 323.691.9292
Email: Email Me
DRE: 02020372
DRE #01873088
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