1645 BEECH Avenue, Torrance, CA 90501

About this property

Highly Desirable Old Town Torrance Location | No Local Rent Control Defaults to AB 1482 | Great Unit Mix of (One) 3-Bedroom/2-Bathroom Unit, (Three) 2-Bedroom/1-Bathroom Units & (Two) 1-Bedroom/1-Bathroom Units | All-Electric BuildingLess Than 4 Miles from the Beach & Redondo Beach Pier | 3.83% Current Cap Rate & 17.23 Current GRM | Approximately 19% in Rental Upside - 4.88% Pro-Forma Cap Rate & 14.52 Pro-Forma GRM | Front House with Newer Vinyl Plank Floors (2021) and Remodeled Kitchen & Bathrooms (2016) | Unit #6 Contains Newer Carpet (2020), Vinyl Plank Floors in Kitchen (2021) & Water Heater (2020) | On-Site Laundry Facility with Newer Washer & Dryer (2021) and Water Heater (2020) | Newer Upper Exterior Deck (2020), Six Garage Parking Spaces & Most Units Re-Piped with Copper Plumbing | Close Proximity to Del Amo Fashion Center, Village Del Amo & South Bay Galleria

Listing description from the September 2022 sale, as reported to CRMLS.

Sale history

$2,725,000

Sold September 2022 · listed $2,750,000, on market June 2022 · MLS #22170025 · Source: CRMLS

Listing Agent: Jonathan Nikfarjam · Listing Office: Shield CRE, Inc. · Contact: 310-593-9869 · Bought with: Noam Srolovitz · Kape Property Management, Inc.

$1,450,000

Sold February 2014 · listed $1,349,000, on market November 2013 · MLS #SB13225167 · Source: CRMLS

Listing Agent: Michael Millea · Listing Office: Keller Williams Beach Cities · Contact: 310-376-4600 · Bought with: Jonathan Nikfarjam · Marcus & Millichap

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