Bonanza Realty
Listed by Bonanza Realty
$2,400,000
1751 MARTINA AVE TORRANCE CA 90501
Details
APN 7359-001-035
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,560
Net Rentable (SqFt) 5,560
Units 7
Cap Rate 4.54%
NOI $108,993
Occupancy 100%
Pro-Forma Cap Rate 7.74%
Pro-Forma NOI $185,794
Price per SqFt $432
Year Built 1962
Buildings 1
Lot Size (SqFt) 7,651
Rare Seven Units in Old Torrance!
Marketing description
Rare seven-unit apartment building on a corner lot with seven garages. Good mix with 1-three-bedroom, one bath front unit. There are 4 two-bedroom units and 2 one-bedroom units. Each unit has a one-car garage. Three-car wide driveway. Front units' garage is attached to unit and there is a passage door. ADU possibilities. Rents are low. Common laundry room. Roof was replaced per permit in 2022. Main electrical box has been upgraded. Walk to Downtown Torrance Business District, six parks, public transportation, major grocery and home improvement shopping. Close to Harbor and San Diego freeways. Plenty of upside potential. Inspection report available
Investment highlights
Great investment opportunity in Old Torrance. Seven units with a good mix. Corner lot with seven one-car garages. Four off the alley. Three garages off Martina Ave. Three-car wide driveway. Front three-bedroom house originally built in 1949. Six other units built in 1962. Low rents, lots of upside potential income converting garages to ADU's. Great area with-in walking distance of the Downtown Torrance Business District, six parks, public transportation and major home and grocery shopping. Minutes from the Harbor and San Diego Freeways.
Listing Contacts
Bonanza Realty
Listed by Bonanza Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,993.00
$9,082.75/mo
Valuation Metrics
0
DSCR
4.54%
Cap Rate
4.54%
ROI
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