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$ 3,150,000
Est. payment | /mo
12 Beds
8 Baths
0.34 Acres Lot
$ 3,150,000
Est. payment | /mo
12 Beds
8 Baths
0.34 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26205096
Bedrooms 12
Lot Size 0.344 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Large 12-unit multifamily property totaling 11,980 SQFT, featuring two buildings, 12 assigned carport spaces, two community laundry rooms, and secure gated entry. All 12 units offer spacious 3-bedroom, 1.5-bath floor plans averaging nearly 1,000 SQFT each. The additional half-bath in every unit is a unique and highly desirable feature for tenants. Priced at an attractive 9.6 GRM and 6.1% cap rate, the property offers strong in-place income with significant built-in upside. An estimated 59% upside in rents brings the property to a projected 6.0 GRM and 11.5% cap rate at market rents. The property has 14 separate gas and electric meters, with additional potential to reduce utility expenses by implementing RUBS for water, sewer, and trash (buyer to verify). The property is well maintained, with a new roof (2021), fresh exterior paint (2026), several renovated units, and a completed SB 721 balcony inspection. Strategically located in the Harbor Gateway area of Torrance, across from Normandie Recreation Center. Property is subject to Los Angeles RSO.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction For GPS and Google Maps, use \"1414 225th St\" without \"west\"
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7347006004
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Christopher Crosby, DRE#02116879 Buckingham Investments, Inc
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