1518 Marcelina Avenue, Torrance, CA 90501

About this property

1518 Marcelina Ave is a well positioned 7-Unit situated in the quiet neighborhood of Old Torrance. The property boasts (7) 1-bed/1.5-bath two-story units, each with their own attached garage and private balconies. Tenants enjoy downstairs bedrooms with upstairs living room, kitchen, and ½ guest bathroom. The location also provides easy access to a range of retail and restaurant establishments. The building offers 5,085 RSF of living space priced at $452/SF and $328,571 per unit, with a proforma 12.17 GRM and 5.72% Proforma CAP presenting significant upside potential. With its premier location, sizeable living space, and attractive pricing, 1518 Marcelina Ave is an excellent investment opportunity for any Los Angeles CRE Investor.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$2,460,000

Sold August 2023 · listed $2,300,000, on market July 2023 · MLS #SB23122892 · Source: CRMLS

Listing Agent: Brett Lyon · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Rob McGarry · Vista Sotheby’s International Realty

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