CA > Torrance
Torrance, CA 90503,3536 Garnet Street
Torrance, CA 90503,3536 Garnet Street
Torrance, CA 90503,3536 Garnet Street
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Glen Henderson

Glen Henderson

+1(619) 500-3222
$4,400,000
Est. payment /mo
3 Beds
18 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25162583

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

This is a multifamily property consist of 18 units, centrally located in a prime area near Torrance City Hall, Del Amo Mall, and the Torrance Financial District. The property is located in a desirable residential neighborhood, with surrounding streets lined with well-maintained family residences and multifamily properties, adding to the overall appeal and long-term investment stability of the area. The property features carport parking and a large parking area, providing convenience for residents. There is a tremendous value-add opportunity for investors to renovate the units and bring rental rates to market levels, creating the potential to accelerate appreciation and increase cash flow in this high-demand location.A strategic opportunity for portfolio growth through a value-add multifamily asset. The unit mix consists of 5 studios, 12 one-bedroom units, and 1 two-bedroom unit. In addition, the building features leased laundry machines conveniently located on the first floor, offering residents easy access to laundry facilities while providing supplemental income to ownership and contributing to increased net operating income (NOI). By upgrading and renting the units at market rates, along with implementing operational improvements like laundry income, investors will improve the property's NOI, resulting in a higher capitalization rate (cap rate) and increased property valuation over time.

Location

State CA

County Los Angeles

Zoning Assessor

Direction From Madrona Avenue, go west to Garnet Street, then turn left.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7524026018

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MLS Router / San Diego MLS
Listed by Edgard Asensio Asensio Property Management Inc
agent

Glen Henderson

Broker Associate | License ID: 01384181

+1(619) 500-3222

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