Fully Renovated & Non-Rent Control

1556 W. 227th Street

Torrance, CA 90501

Exclusive Offering

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%

GRM: 14.73

Opportunity Highlights

  • 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

 
 
 

Contacts:

CASEY PICARD

Managing Partner

626.376.9224

Casey.Picard@AggregateIP.com

Cal BRE #01921866