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$1,500,000
Est. payment /mo
2,500 SqFt
UPDATED:
05/21/2024 01:48 PM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $600
MLS Listing ID CL24393547
HOA Y/N No
Year Built 1925
Lot Size 7,644 Sqft
Acres 0.18
Property Description
20414 Kenwood is an exciting opportunity to invest in a 5 unit multifamily in the beautiful South Bay city of Torrance, priced at only $300,000 per door for recently updated units. The property has a current 4.04% cap rate, but rents are below market and there is potentially room to add more units for even more upside! The property offers long-term value as many lower income areas in the South Bay are rapidly gentrifying. All apartments have been lightly updated, and tenants are stable and largely maintenance free. Units 2 & 4 have laundry hookups, Units 3 & 5 can be set up, and unit 1 does not have any laundry hookups at all. There is a back area that can be converted to additional units and more tenant services. Please verify all zoning and permitting with the city if you plan on adding units or renovating. This property has loads of upside potential or can possibly be used as an owner occupied residence while your tenants help yo pay off the property!!! The property is just minutes from the 405 and the 110. Also a very drivable distances to Long Beach and LAX. The property is minutes away from Harbor UCLA Medical Center, Victoria Golf Course, Walmart, Starbucks, many grocery stores, and several commercial and major industrial business centers. Ideal for tenants looking for clo
Location
State CA
County Los Angeles
Area Listing
Zoning LCR2
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 7350013035
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Listed by Mark Wong • Cal Mutual Inc
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