Listed by Stream Realty Partners Greater L.A.
$1,087,000
2022 Cabrillo Avenue
Details
APN 7357022018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,992
Units 3
Cap Rate 4.41%
NOI $47,960
Pro-Forma Cap Rate 6.10%
Pro-Forma NOI $66,293
Price per SqFt $546
Year Built 1941
Buildings 2
Stories 2
Acreage 0.158
Zoning Assessor
Investment Type Value Add
Ground Lease No
Sale Condition For sale by owner
Multifamily | 3 Units | $362,333/unit
Marketing description
Opportunity knocks with this well located Torrance triplex offering no local rent control (subject only to AB 1482). The property consists of (2) 2 Bedroom / 1 Bathroom units and (1) 1 Bedroom / 1 Bathroom unit situated on a large 6,901 square foot lot with three garages, driveway parking, and a large central courtyard offering potential ADU upside (buyer to verify). Located in a strong South Bay rental market supported by approximately $102,000 average household income within a one mile radius, the property offers stable in place income with additional upside through future rent growth, RUBS implementation, and potential ADU development.
Investment highlights
• Prime Torrance location (no local rent control – subject only to AB 1482)
• Unit mix: (2) 2BD / 1BA + (1) 1BD / 1BA
• Large central courtyard with ADU potential (buyer to verify)
• On-site parking: three garages + driveway
• Value-add through rent increases and RUBS
• Additional upside via ADU development
• Strong demographics with ~$102K average household income (1-mile radius)
Listing Contacts
Listed by Stream Realty Partners Greater L.A.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$47,960.00
$3,996.67/mo
Valuation Metrics
0
DSCR
4.41%
Cap Rate
4.41%
ROI
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