Fully Renovated & Non-Rent Control
1556 W. 227th Street
Torrance, CA 90501
Located in Torrance, California, this multi-family asset has been fully renovated with upgraded interiors and exterior functions. With a unit mix of one- 2 bed / 2 bath, one-2 bed / 1 bath, and four-1 bed / 1 bath the building measures ±4,241 square feet on a ±5,400 square foot lot.
Recent improvements include upgraded electric, new luxury vinyl tile flooring, updated quartz counter-tops, and ceiling fans. Furthermore, some of the windows have been replaced allowing for better heat insulation throughout the building.
The asset provides a large garage / storage space which opens up opportunity for additional income through the renovation and allocation of storage spaces for tenants.
With proximity to the 110 Freeway, this asset is centrally located to Downtown Los Angeles and the Beach Areas. Furthermore, the property is within proximity retailers, restaurants, and parks.
Listing Price: $1,715,000
Price per Unit: $285,833
Price per SF: $404.39
Cap Rate: 4.76%
Located in a Qualified Opportunity Zone
Non-rent control (Built in 1986)
Fully renovated complex with upgraded electric, flooring, counter-tops, bathrooms, and paint
On-site laundry room-machines owned by current management
Office / storage space with potential to lease out to tenants for additional income
Quartz kitchen counter-tops, new luxury vinyl tile, and ceiling fans
Brand new appliances and back splashes
Some of the windows have been replaced
Within proximity Lowe's Home Improvement, Walgreens, and 110 Freeway
Fully occupied investment with well qualified tenants