1435 W 227th Street,  Torrance CA, 90501 (Commercial)

Status: Sold
MLS#: SB15131831
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Last Updated: 12/6/2016 3:18 PM
Description for 1435 W 227th Street Torrance, CA 90501
6 units, 2 story apartment complex with great unit mix of 2 units of 2 bath/ 1 bath, and 4 units of 1 bad / 1 bath; coin laundry, separate meters, on-site parking. Some units have newer flooring. Rent is lower than current market rate. Very low turn over. Unit 1435 is moving out, seller will lease it out prior to close of escrow. Sold As Is; rent control; good investment property. Best price in the market area. Current cap rate of 5.81% is based on current rent, not based on Performa. Buyer to cooperate with Seller 1031 Exchange. Drive by only, do not disturb tenants. Property close to Western Ave., approximate 1.4 mile to Mitsuwa Supermarket, and shopping centers.
Price
Sold Price:
$755,000
Sold Date:09/28/2015
Los Angeles
SB15131831
Closed
Description
6 units, 2 story apartment complex with great unit mix of 2 units of 2 bath/ 1 bath, and 4 units of 1 bad / 1 bath; coin laundry, separate meters, on-site parking. Some units have newer flooring. Rent is lower than current market rate. Very low turn over. Unit 1435 is moving out, seller will lease it out prior to close of escrow. Sold As Is; rent control; good investment property. Best price in the market area. Current cap rate of 5.81% is based on current rent, not based on Performa. Buyer to cooperate with Seller 1031 Exchange. Drive by only, do not disturb tenants. Property close to Western Ave., approximate 1.4 mile to Mitsuwa Supermarket, and shopping centers.
Listing Information
Property Type: General Commercial, Other
0.17 Acres 7,203 sq.ft. $196.1
1958
Neighborhood
Room Information
Exterior / Lot Features
None
Financial Considerations
7347012031
Listing Price History

Torrance Real Estate

Torrance is located in California. Torrance, California 90501 has a population of 145,443.

The median household income in Torrance, California 90501 is $76,082. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Torrance 90501 is 41.7 years.

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Courtesy: Realty Brokers International Ruby Chou
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