1456 W 220th St. is a great value add opportunity in Torrance P.O (Subject to LA City Rent Control). Quadruplex with a lot of upside potential in rental income as units turnover and potential to convert garages into ADUs (accessory dwelling units). The property has four 1 bedroom 1 bath units. Each units its own water heater and washer and dryer hook up. Property is situated on a large 9,002 SF lot with ample on-site parking in addition to 4 detached garages. The building is easy to manage with tenants paying their utilities; the landlord is only responsible for DWP. All tenants are current on rent and have been paying through COVID. With market CAP Rate of over 7.64%, this property is being offered at only $206,500 per unit. This property is located 1/2 Mile from Harbor-UCLA Medical Center, Commute from Del Amo Fashion Center, Torrance Crossroads & Rolling Hills Plaza -Located within 5 Miles of the Redondo Beach Pier & the Beach...***Property is subject to LA City rent control. It will also be delivered with tenants in place.
1456 W 220th St. is a great value add opportunity in Torrance P.O (Subject to LA City Rent Control). Quadruplex with a lot of upside potential in rental income as units turnover and potential to convert garages into ADUs (accessory dwelling units). The property has four 1 bedroom 1 bath units. Each units its own water heater and washer and dryer hook up. Property is situated on a large 9,002 SF lot with ample on-site parking in addition to 4 detached garages. The building is easy to manage with tenants paying their utilities; the landlord is only responsible for DWP. All tenants are current on rent and have been paying through COVID. With market CAP Rate of over 7.64%, this property is being offered at only $206,500 per unit. This property is located 1/2 Mile from Harbor-UCLA Medical Center, Commute from Del Amo Fashion Center, Torrance Crossroads & Rolling Hills Plaza -Located within 5 Miles of the Redondo Beach Pier & the Beach...***Property is subject to LA City rent control. It will also be delivered with tenants in place.