1527 Torrance Blvd, Torrance, CA 90501
Property · 2 recorded sales since 2012
Sold May 2022
Listing Agent: Anthony Walker (DRE #01908153) · Listing Office: Buckingham Investments, Inc · Contact: 310 982-7055 · Bought with: Anthony Walker · Buckingham Investments, Inc · MLS #SB22022037 · Source: CRMLS
About this property
Back on market - buyer couldn't perform. Large 5-Unit apartment building in excellent condition just a few blocks from Downtown Torrance. Great unit mix with a 2 bed/1 bath house, three (3) 2 bed/1 bath units, and one (1) 1 bed/1 bath unit. Back four units all built in 1987 with lower maintenance modern era systems. Strong actual income at 15.1X gross plus a huge 40% upside in rents to a 10.7 GRM on market rents. Well parked with 10 spaces in a semi-covered lot. Well-maintained, professionally managed property. Not subject to city of LA soft story retrofit program. Close proximity to Honda HQ, Toyota Campus redevelopment, and major job hubs in Torrance. Located in Torrance P.O. - subject to Los Angeles Rent Stabilization Ordinance.
Listing description from the May 2022 sale, as reported to CRMLS.
Sale history
