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16910 Crenshaw Blvd
Torrance, CA 90504

$5,600,000 USD

Apartments For Sale • 12,952 SF

Property Details

Property Type Apartments
Total Building Size 12,952 SF
Lot Size 0.46 AC
Building Class B
Year Built 1959
Cap Rate 5.69 %
Zoning TORR-MD

46 Transit Score

75 Walk Score

                
                    Highlights
                
                                NO LOCAL RENT CONTROL - DEFAULTS TO AB 1482 | 29-UNIT INVESTMENT OPPORTUNITY IN OUTSTANDING TORRANCE LOCATION
                            
                                SITUATED ON ADJACENT PARCELS - EACH LOT WITH ITS OWN APN | 5.69% CAP RATE & 11.67 GRM | PRO-FORMA CAP RATE OF 7.97%
                            
                                PRICED AT ONLY $193,103 PER UNIT | EACH UNIT CONTAINS INDIVIDUAL HOT WATER HEATERS
                            
                                TOTAL OF 12,952-SF OF LIVING AREA ON LARGE 19,824-SF CORNER LOT | ALL-ELECTRIC BUILDINGS
                            
                                COURTYARD, POOL, 29 PARKING SPACES & ON-SITE LAUNDRY FACILITY
                            
                                ONE BUILDING WITH NEWER ROOF

Financial Summary (Actual)

Net Operating Income: $318,913 USD (2023)

Cap Rate:	5.69 %
Total Expenses:	$147,909 USD

Amenities

Courtyard
Pool

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	15 min	-	9.5 mi
Long Beach (Daugherty Field)	17 min	-	12.2 mi
Bob Hope	42 min	-	31.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	29
Type:	Covered
Included in Rent:	Yes

Gianluca Jacoli 310-593-9861 Shield Commercial Real Estate

16910 Crenshaw Blvd Torrance, CA 90504