1652 204th Street, Torrance, CA 90501
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- MLS#: SB25049003 ( Apartment )
- Street Address: 1652 204th Street
- Viewed: 5
- Price: $4,450,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1988
- Bldg sqft: 0
- Days On Market: 25
- Additional Information
- County: LOS ANGELES
- City: Torrance
- Zipcode: 90501
- Provided by: Keller Williams South Bay
- Contact: Josh Josh
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DescriptionLocated in an outstanding location in Torrance PO, 1652 W. 204th Street presents a rare opportunity to acquire a well maintained, 11 unit multifamily property in one of Los Angeles Countys most desirable rental markets. On the market for the first time since it's construction, this asset is being sold by it's original builder and has been thoughtfully maintained over the years. The property offers investors a stable income stream in an area known for its strong tenant demand. The property consists of (9) three bedroom units, (1) two bedroom unit, and (1) one bedroom unit, providing a well balanced unit mix that appeals to a wide range of renters. Each unit is separately metered and features its own APN, offering future flexibility for a potential condo conversion strategy (Buyer to verify). The demand for homeownership in Torrance remains strong, and the ability to sell units individually in the future may presents an unique option for long term investment planning. Torrance continues to experience significant growth, with major redevelopment projects, including the transformation of the South Bay Galleria into a premier mixed use destination, further enhancing the area's desirability. The Del Amo Fashion Center, one of the largest shopping malls in the United States, provides residents with an array of retail, dining, and entertainment options, while the citys well regarded school district and expansive park system contribute to its longstanding appeal. Offered at $4,450,000, this property provides a compelling investment in a market with consistently high occupancy rates and strong rental demand. With its prime location, established rental history, and future condo conversion potential, this is an exceptional opportunity to acquire a multifamily asset in a highly sought after area of the South Bay.
Property Location and Similar Properties
Features
Building Area Total
- 13010.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Electric Expense
- 0.00
Entry Location
- Front
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Insurance Expense
- 0.00
Laundry Features
- None
Levels
- Three Or More
Lot Features
- Level with Street
Netoperatingincome
- 268949.00
Number Of Separate Electric Meters
- 12
Number Of Separate Gas Meters
- 12
Otherexpense
- 110243.00
Otherexpensedescription
- Contact
Otherincomedescription
- Contact for more inc/exp info
Parcel Number
- 7351006041
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 433517132:CRM
Totalexpenses
- 110243.00
Trash Expense
- 0.00
Water Sewer Expense
- 0.00
Water Source
- Public
Year Built
- 1988
Year Built Source
- Public Records