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Multifamily

3719 Artesia Blvd

3719 Artesia Blvd, Torrance, CA 90504

Listing Price: $1,850,000

Cap Rate
5.08%
Number of Units
8
GRM
12.71
Occupancy
100.0%
Price/Unit
$231,250
Price/Gross SF
$374.80
Gross SF
4,936

Investment Overview

The Weir Group is pleased to present our newest exclusive listing in city of Torrance. The property is located right off the 405 freeway making it extremely accessible for tenants who commute. Additionally its located
directly in the center of all the South Bay action. The property is comprised of 7 units and has a diverse unit mix of 3bedrooms, 2bedrooms, 1bedrooms, and bachelor units. The property has recently been painted, has had upgrades throughout ownership, and has a fully renovated vacant bachelor unit ready for a new owner to lease out. The property has very strong income in place with room to push rents as tenants move or through rental increases. The property does not fall under any city rent control (subject to AB1482). A new owner can benefit from a high appreciating submarket, strong income, and a below recent sales basis.

Investment Highlights

  • Estimated 20%+ Upside
  • Extremely Central South Bay Location
  • Favorable Low Basis (Low PPU & PPFT)
  • Strong Income Metrics on Actual Income

Exclusively Listed By

Financing By

Multifamily

3719 Artesia Blvd

Listing Price: $1,850,000

Cap Rate
5.08%
Number of Units
8
GRM
12.71
Occupancy
100.0%
Price/Unit
$231,250
Price/Gross SF
$374.80
Gross SF
4,936

Investment Highlights

  • Estimated 20%+ Upside
  • Extremely Central South Bay Location
  • Favorable Low Basis (Low PPU & PPFT)
  • Strong Income Metrics on Actual Income

Investment Overview

The Weir Group is pleased to present our newest exclusive listing in city of Torrance. The property is located right off the 405 freeway making it extremely accessible for tenants who commute. Additionally its located directly in the center of all the South Bay action. The property is comprised of 7 units and has a diverse unit mix of 3bedrooms, 2bedrooms, 1bedrooms, and bachelor units. The property has recently been painted, has had upgrades throughout ownership, and has a fully renovated vacant bachelor unit ready for a new owner to lease out. The property has very strong income in place with room to push rents as tenants move or through rental increases. The property does not fall under any city rent control (subject to AB1482). A new owner can benefit from a high appreciating submarket, strong income, and a below recent sales basis.

Exclusively Listed By

Financing By

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