Homes for sale - 16910 -16924 Crenshaw BLVD, Torrance, CA 90504

Torrance, CA 90504,16910 -16924 Crenshaw BLVD

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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 5,600,000

Est. payment | -/mo

7 Beds

29 Baths

12,952 SqFt

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$ 5,600,000

Est. payment | -/mo

Save

7 Beds

29 Baths

12,952 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,952 sqft

Price per Sqft $432

MLS Listing ID 24436973

Bedrooms 7

HOA Y/N No

Year Built 1959

Lot Size 0.455 Acres

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 133 - N Torrance - East

Zoning TORR-MD

Interior

Fireplace No

Laundry Laundry Room

Exterior

Garage Covered

Parking Type Covered

Total Parking Spaces 29

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4093016042

Special Listing Condition Standard

Listed by Gianluca Jacoli • Shield CRE, Inc.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

16910 -16924 Crenshaw BLVD Torrance, CA 90504

Josh Gregorio

Key Details

Location

Interior

Exterior

Building

Others

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16910 -16924 Crenshaw BLVD