Property details
Propery Type:
Apartments
Address:
3719 Artesia Blvd Torrance, CA 90504
Offering Price:
$1,850,000
Units:
7
Cap Rate:
5.08%
Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us
Investment Highlights

The Weir Group is pleased to present our newest exclusive listing in thecity of Torrance. The property is located right off the 405 freeway making it extremely accessible for tenants who commute. Additionally, it's located directly in the center of all the South Bay action.  The property is comprised of 7 units and has a diverse unit mix of 3 bedrooms, 2 bedrooms, 1 bedrooms, and bachelor units. The property has recently been painted, has had upgrades throughout ownership, and has a fully renovated vacant bachelor unit ready for a new owner to lease out. The property has very strong income in place with room to push rents as tenants move or through rental increases. The property does not fall under any city rent control (subject to AB1482). A new owner can benefit from a high appreciating submarket, strong income, and a below-recent sales basis.

Location

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Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us

3719 Artesia Blvd

Torrance, CA
90504
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