Active
16910 -16924 Crenshaw Boulevard
Torrance CA, 90504
$5,600,000
$432.37 per sqft
Active
7 Beds
29 Baths
12,952 sqft
Residential
Built in 1959
Listed by Gianluca Jacoli with Shield CRE, Inc. 310-593-9861
Price reduced by $150,000! Luca is proud to present this 29-unit investment opportunity in Torrance. The property is situated in an outstanding Torrance location and is NOT subject to LA Rent Control and instead falls under AB-1482. The asset has a unit mix of (2) 2-bedroom/1-bathroom units, (3) 1-bedroom/1-bathroom units, (15) studio/1-bathroom units and (9) bachelor/1-bathroom units. The property is situated on two separate, adjacent parcels - each lot with its own assessor parcel number (APN). The offering is priced at only $193,103 per unit. The property features a total of 12,952-SF of living area and is situated on a large 19,824-SF corner lot.The asset is being offered at a 5.69% current cap rate and 11.67 current GRM with upside to a 7.97% pro-forma cap rate. Each unit has individual hot water heaters and both buildings are all electric. 16924 Crenshaw has a newer roof. Furthermore, there is a courtyard area with a pool, 29 parking spaces, and an on-site laundry facility with two washers and two dryers.
24436973
MLSⓇ ID
September 6, 2024
Listed
November 22, 2024
Updated
Map
16910 -16924 Crenshaw Boulevard
Torrance CA, 90504
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
29
Laundry Description
Laundry Room
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.46 Acres
Other Property Details
Area Name
133 - N Torrance - East
Days on Market
56
Garage
No
Parking
Covered
Parking Total
29
View
No
County
Los Angeles
Pool
No
Zoning
TORR-MD
Listing History
Date | Event | Price |
|---|---|---|
11/2/2024 | Price change | $5,600,000 -3% |
10/25/2024 | Active | — |
10/16/2024 | Under contract | — |
Listing Contact: 310-593-9869
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. 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 11/22/2024 at 6:43 PM UTC