Commercial Property — 3444 Emerald Street, Torrance, CA
$5,699,999
3444 Emerald Street, Torrance, CA
About this property
3444 Emerald Street is a 1962-built, 20-unit apartment building of wood frame and stucco construction on a raised foundation, containing 16,201 rentable square feet on a 22,228 square foot lotacross (1) 3- Bed / 2- Bath, (5) 2-Bed / 1-Bath, (13) 1-Bed / 1-Bath, and (1) Studio. Gas and electric are separately metered and paid by tenants, and water, sewer and trash are owner paid. Theproperty is gated at the front and rear entries, includes sprinkler systems, and offers 20 parking spaces, a pool, owner-owned laundry with two washers and two dryers, and most units have apatio. Building systems include copper plumbing throughout and two 100-gallon water heaters. Recent work includes new hardscape and replacement of several dual pane windows. A largemanager's storage room can be converted into an additional apartment/ADU. The building is 95% occupied, with the studio tenant vacating at the end of August. At the concluded market rents of$47,575 per month the property proformas to a 6.5% cap rate and a 9.78 GRM.
Property details
Location
3444 Emerald Street • Torrance, CA 90503
Listed by
John 'Jack' McCann · Lyon Stahl Investment Real Estate, Inc.
Nearby listings in Torrance, CA
- 17424 Delia, Torrance, CA · $1,250
- 23717 Hawthorne, Torrance, CA · Price on request
- 2340 Sepulveda C, Torrance, CA · $3,000
- 2424 Torrance Boulevard H · $400
- 1865 W 222nd Street B, Torrance, CA · $1,200
- 1977 W 190th St. #102, Torrance, CA · $4,090
- 24444 Hawthorne 109, Torrance, CA · $1,895,000
- 3003 Artesia, Torrance, CA · $7,807
- 25550 Hawthorne Boulevard 100, Torrance, CA · $8,600
- 18831 Hawthorne Boulevard, Torrance, CA · Price on request
- 18727 Crenshaw Boulevard, Torrance, CA · $1,399,999
- 18837 Hawthorne Boulevard, Torrance, CA · Price on request