1536 W 226th Street, Torrance, CA 90501

About this property

1536 & 1540 W 226th St, Torrance is a 10-unit apartment complex located in Torrance P.O. It consists of two 5-unit buildings on separate, adjacent APNs sharing a gated driveway. Constructed in 1955 both buildings total 5,300 SF and sitting on a large 14,398 SF lot zoned LARD1.5. Excellent Unit Mix of (10) Spacious 1-Bedroom Units. Two Carports, one for each building with 5 Parking Spaces Each (total 10 covered parking spaces), presents a perfect opportunity to add ADUs. This investment presents a tremendous value-add opportunity at 13.98 GRM and 4.06% Cap Rate on current rents. All units are separately metered for gas and electricity. Property is located in a high demand market in the South Bay. SEE ATTACHMENT WITH OFFERING MEMORANDUM.

Listing description from the January 2024 sale, as reported to CRMLS.

Sale history

$1,650,000

Sold January 2024 · on market September 2023 · MLS #SB23172858 · Source: CRMLS

Listing Agent: Evelyn Baez Gonzalez · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 951-902-3006 · Bought with: Evelyn Baez Gonzalez · Lyon Stahl Investment Real Estate, Inc.

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