Active

16811 Yukon Avenue

Torrance CA, 90504

$6,350,000


$320.38 per sqft

Active

19,820 sqft

Multi-family

Built in 1963

Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

16811-16817 Yukon Ave is a strategically placed 18-Unit Northwest Torrance. The property is comprised of (2) side-by-side buildings totaling 19,820 square feet placed on a large 20,005 SF lot. There is a driveway that splits the two buildings that leads to a carport with potential to be converted into an ADU (buyer to verify). The strong unit mix is comprised of (2) 3-Bed/1.5-Bath units and (16) 2-Bed/1-Bath Units. The property is two-stories and the second-story units are equipped with a balcony, adding extra space to the units for tenants to enjoy.
This building currently has strong in-place income with 50% rental upside offering immediate value-add potential via improvements & rent increases. Sitting at a 3.56% CAP Rate and a 6.45% Market Cap, this is a great opportunity for any investor looking for a value-add building in a great neighborhood.
Located in Northwest Torrance, this property is a short distance from Alondra Park and only a half mile from El Camino Community College. Considering current income, location & rental upside, 16811-16817 Yukon Ave is a rare opportunity for any CRE Investor or exchange buyer to maximize cashflow potential w/ an appreciating asset.

SB24015535

MLS ID

January 25, 2024

Listed

February 16, 2024

Updated

Map

16811 Yukon Avenue
Torrance CA, 90504

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.23 Acres


Lot Features

16-20 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

132 - N Torrance - West


Days on Market

13


Garage

No


Parking

Carport


Parking Total

18


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

TORR-MH


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/8/2024

Price Change

$6,350,000

-5%

2/7/2024

Price Change

$6,350,000

-5%

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:21 AM UTC

 

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