1351 W 228th Street Torrance, CA 90501
4.93% Pro Forma CAP Rate!! Current rents are way below market. Flyer, rent roll and income statement are attached in the supplements. Average CAP rate sold in area is 4.45%. Come see this well maintained 17 unit, no rent control, multifamily apartment located in the high demand area Harbor Gateway in the Torrance PO. Built in 1986 with a mix of one studio, 9 single bedroom units, 4 2 bedroom / 1.5 baths and 3 2 bedroom / 1 bath units. This well maintained garden property features an onsite laundry facility, security gate, gated courtyard and ample parking (10 covered spaces and 18 open spaces). The units are individually metered for gas and electricity. Gas wall heaters and gas stoves are provided for each unit. The roof was replaced in 3 phases between 2012 and 2015. Entire building was painted in 2016. Full cooper plumbing. No A/C., 1 110 Freeway, exit Sepulveda Blvd and go west, right on Normandie and left on 228th Street
Interior Features Include:
Air Cond: None
Heating: Wall Heater
Exterior Features Include:
Spa Features None
Acreage: 0.3300 Acres
Lot: 16-20 Units/Acre, Lot-Level/Flat
Construction Drywall Walls
Parking Assigned, Unassigned, Carport Attached
Parking Spaces 28.00
Carport Capacity: 10
Other Features Include:
Sewer: Sewer Paid
Security Features Automatic Gate, Resident Manager
Community Features Sidewalks
Total Expenses 89618.00
Separate Gas Meters 17
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