16910 -16924 Crenshaw Boulevard

Active

16910 -16924 Crenshaw Boulevard

Torrance CA, 90504

$5,750,000

$443.95 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

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 $198,276 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 5.52% current cap rate and 11.97 current GRM with upside to a 7.73% 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

September 14, 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: 8
Garage: No
Parking: Covered
Parking Total: 29
View: No
County: Los Angeles
Pool: No
Zoning: TORR-MD

Listing Contact: 310-593-9869

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/14/2024. 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.

Data last updated on 9/14/2024 at 12:57 PM UTC