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.