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33621668
33621661

3564 Del Amo Boulevard, Torrance, CA 90503

JN
CA CA 01856803
Shield Commercial Real Estate
Listed by Shield Commercial Real Estate
$1,925,000
1 day on market
Updated 1 day ago

3564 Del Amo Boulevard

Details
APN 7524-029-013
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,916
Net Rentable (SqFt) 3,916
Units 5
Cap Rate 4.58%
NOI $88,173
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.01%
Pro-Forma NOI $96,379
Price per SqFt $492
Year Built 1964
Lot Size (SqFt) 6,000
Zoning TORR-MD
Parking Spaces 5 spaces
Parking Per SqFt 1.28
Investment Type Stabilized

Multifamily | 5 Units | $481,250/unit

Marketing description

ASSET

Fourplex with great unit mix in an outstanding Torrance location. No local rent control – defaults to AB 1482. Situated on a 6,000-SF lot, the property is comprised of (one) 3-bedroom/2-bathroom unit, (one) 2-bedroom/2-bathroom unit and (two) 1-bedroom/1-bathroom units.

The front 3-bedroom owner’s unit has a fireplace, private patio and washer/dryer hook-ups. The electrical has been recently updated and all units have new subpanels. The property contains intercom access and the building is all electric with no gas expense. Furthermore, there are a total of 5 garage spaces and there is an on-site laundry facility.

LOCATION

3654 Del Amo Boulevard is located in a desirable pocket of Torrance, just east of Hawthorne Boulevard and less than one mile from both Village Del Amo and the Del Amo Fashion Center. The property is approximately 2.5 miles from the Pacific Ocean and the Redondo Beach Pier.

FINANCIALS

This 3,916-SF fourplex is being offered at a 4.58% current cap rate and 14.72 current GRM with a 5.01% pro-forma cap rate and 13.83 pro-forma GRM. The property is a residential asset which qualifies for residential financing.

*Some property photos have been digitally enhanced. Please do not disturb tenants. Buyer to conduct their own due diligence and investigation.

Investment highlights

  • Highly Desirable Torrance Location, Just East of Hawthorne Boulevard
  • Less Than One Mile from Village Del Amo & Del Amo Fashion Center
  • Outstanding Unit Mix of 3-Bedroom, 2-Bedroom & 1-Bedroom Units
  • Large 3-Bedroom Owner's Unit with Fireplace, Private Patio & Washer/Dryer Hook-Ups
  • Upgraded Electrical - All Units Contain New Subpanels
  • Approximately 2.5 Miles from the Pacific Ocean & the Redondo Beach Pier
  • No Local Rent Control - Defaults to AB 1482
  • Intercom Access & Total of 5 Garage Spaces
  • All Electric Building with No Gas Expense
  • Residential Asset - Qualifies for Residential Financing
  • 4.58% Current Cap Rate & 14.72 Current GRM
  • 5.01% Pro-Forma Cap Rate & 13.83 Pro-Forma GRM
  • On-Site Laundry Facility - Generates Additional Annual Income

Listing Contacts

JN
CA CA 01856803
Shield Commercial Real Estate
Listed by Shield Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$88,173.00
$7,347.75/mo

Valuation Metrics

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DSCR
4.58%
Cap Rate
4.58%
ROI

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Additional Information

Name
Jonathan Nikfarjam
License
CA 01856803
Brokerage Phone
3105939869
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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