Jeremiah Moersch REALTOR®
Office: 760-533-2540
775 Portola Avenue, Torrance
$1,695,000
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8 Beds
8 Baths
.13 Acre
6 Garages
775 Portola Ave is an amazing opportunity to own six
units offered at only $282k/unit. The subject property
has over 50% upside in rental income. Whether you are
long term or a value-add investor, the subject
property is the perfect assets to help achieve your
investment goals.
775 Portola Ave features a unit mix of (6) 1-Bed/1-Bath
- each unit features 2 parking space (1 garage and 1
tandem), as well as washer/dyer hookups. Once fully
rented for market and ADU is constructed ($300k), the property
will operate at a 8.61% CAP and 7.64 GRM.
This investment is located near Old Torrance- one of
the more desirable pockets in Torrance. There are
many shops and restaurants close by, as well as Del
Amo Shopping Center. One of the highlights of
Torrance is its excellent education system. The city is
home to several top-rated public and private schools,
providing residents with quality education options for
their children.
Essential Information
- MLS® #
- SB24070404
- Price
- $1,695,000
- Bedrooms
- 8
- Bathrooms
- 8.00
- Acres
- 0.13
- Year Built
- 1957
- Type
- Residential Income
- Sub-Type
- Apartment
- Status
- Active
Community Information
- Address
- 775 Portola Avenue
- Area
- 134 - Old Torrance
- City
- Torrance
- County
- Los Angeles
- Zip Code
- 90501
- Community Features
- Urban
- Senior Community
- N
Amenities
- Parking Spaces
- 6
- # of Garages
- 6
- Pool
- None
Interior
- # of Stories
- 2
Exterior
- Lot Description
- 0-1 Unit/Acre
Additional Information
- Date Listed
- April 9th, 2024
- Days on Market
- 21
- Zoning
- TORR-MD
Listing Details
- Agent
- Cameron Samimi
Office
Lyon Stahl Investment Real Estate, Inc.
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 9:25pm PDT. 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.