Property Detail

Description

Attention investors seeking a tremendous value-add opportunity in a Prime Northwest Torrance location! This Trust Sale 4-Unit Rental property is priced to sell quickly. All (4) units are currently occupied by long-term tenants. Actual rents are substantially below current market rents. Pro-forma rents as indicated are based on (actual) current rents at neighboring (comparable) units up and down this street. The front unit lives like a single-family residence; it is a one story 3bd/2bath home with a front yard; it was updated with remodeled kitchen, bath, and laminate and tile flooring a few years ago. Units #2 & #3 are both Townhome style, 2-story units, each with 3bd/2baths in need of some repairs/updating. Unit #4 is a 3bd/1ba single story unit upstairs, above the garages; this unit features an updated kitchen and bath that was done a few years back. Realize some tremendous upside valuation with some sweat equity by completing deferred maintenance repairs and remodeling/updating the property inside & out while bringing the rents up to market rents over time. The City of Torrance has no local rent control.