Sq.Ft. Lot14,398
Year1955
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Status:
Active
Property Type:Apartment
MLS #:SB23172858
On Site:16 Days
Lot Size:14,398 Sq. Ft.
County:Los Angeles
Listing Agent/Office
Agent:Evelyn Baez Gonzalez
Office:Lyon Stahl Investment Real Estate, Inc.
1536 & 1540 W 226th St, Torrance is a 10-unit apartment complex located in Torrance P.O. It consists of two 5-unit buildings on separate, adjacent APNs sharing a gated driveway. Constructed in 1955 both buildings total 5,300 SF and sitting on a large 14,398 SF lot zoned LARD1.5. Excellent Unit Mix of (10) Spacious 1-Bedroom Units. Two Carports, one for each building with 5 Parking Spaces Each (total 10 covered parking spaces), presents a perfect opportunity to add ADUs. This investment presents a tremendous value-add opportunity at 13.98 GRM and 4.06% Cap Rate on current rents. All units are separately metered for gas and electricity. Property is located in a high demand market in the South Bay. SEE ATTACHMENT WITH OFFERING MEMORANDUM.
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Community Information
Address:1536 W 226th St, Torrance, CA 90501
Area:122 - Harbor Gateway
County:Los Angeles
City:Torrance
Zip Code:90501
Architecture
Year Built:1955
Stories:1
Construction Materials: Adobe
Building Area: 5300.0
Number of Buildings: 2
Total Units: 10
Stories Total: 1
Unit 1: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $870 actual rent • $870 total rent • $2,096 pro forma
Unit 2: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $950 actual rent • $950 total rent • $2,096 pro forma
Unit 3: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $785 actual rent • $785 total rent • $2,096 pro forma
Unit 4: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $1,000 actual rent • $1,000 total rent • $2,096 pro forma
Unit 5: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $800 actual rent • $800 total rent • $2,096 pro forma
Unit 6: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $665 actual rent • $665 total rent • $2,096 pro forma
Unit 7: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $820 actual rent • $820 total rent • $2,096 pro forma
Unit 8: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $950 actual rent • $950 total rent • $2,096 pro forma
Unit 9: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $900 actual rent • $900 total rent • $2,096 pro forma
Unit 10: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $2,096 pro forma
Roof: Asphalt
Features / Amenities
Flooring: Vinyl
Entry Level: 1
Entry Location: 1
Common Walls: No Common Walls
Property Features
Lot Size:
0.33 Acres / 14,398 Sq. Ft.
Lot Features: Item01UnitAcre
Sewer: Public Sewer
Water: Public
Electric: 220 Volts For Spa
Zoning:LARD1.5
Directions:South Place Del Amo / East S Western
Tax and Financial Info
Contingency: Seller would like to close January 3rd or after for tax purposes.
Cap Rate: 4.06
Gross Scheduled Income: $118,032
Net Operating Income: $67,014
Electric Expense: $1,000
Insurance Expense: $4,240
Maintenance Expense: $6,500
New Taxes Expense: $19,635
Trash Expense: $3,000
Terms: Cash
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1536 W 226th St Torrance, CA 90501
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Based on information from California Regional Multiple Listing Service, Inc. as of October 4, 2023. 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, 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. IDX provided by Sierra Interactive.
