$1,695,000
775 Portola Avenue, Torrance 90501
8
Beds
8
Baths
5,600
Lot Size
6
# Of Units
Listing Agent
Cameron Samimi - Lyon Stahl Investment Real Estate, Inc.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.
Facts & Features
| MLS® # | SB24070404 |
|---|---|
| Price | $1,695,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Lot Size | 5,600 |
| Year Built | 1957 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
| # Of Units | 6 |
Community Information
| Address | 775 Portola Avenue |
|---|---|
| Area | 134 - Old Torrance |
| City | Torrance |
| County | Los Angeles |
| Zip Code | 90501 |
Amenities
| Parking Spaces | 6 |
|---|---|
| # of Garages | 6 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | 0-1 Unit/Acre |
|---|
Additional Information
| Date Listed | April 9th, 2024 |
|---|---|
| Days on Market | 22 |
| Zoning | TORR-MD |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Cameron Samimi |
|---|---|
| Office | Lyon Stahl Investment Real Estate, Inc. |