Thank you
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
310-425-9838
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.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1957
Building Area Total: 3,650
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1286
Lot Size Source: Assessor
Lot Size Square Feet: 5600
Original List Price: 1,695,000
Listing Contract Date: 2024-04-09
Listing Agreement: Exclusive Right To Sell
Parcel Number: 7354005013
Lease Term: Negotiable
Source Listing Status: Active Under Contract
Source Neighborhood: 134 - Old Torrance
Postal Code Plus 4: 2143
Directions: 775 Portola Ave
Zoning: TORR-MD
Source Property Type: Residential Income
Area: 134 - Old Torrance
Property SubType: Apartment
Property Age: 67
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: Front
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2233 Del Amo Boulevard, Torrance, CA,90501 | $950,000 | 4 | 3 | 1,685 | 4601 Sqft |
20802 Brighton Avenue, Torrance, CA,90501 | $875,000 | 4 | 2 | 1,367 | 6752 Sqft |
1630 W 204th Street, Torrance, CA,90501 | $1,399,999 | 7 | 4 | 2,802 | 7001 Sqft |
1624 W 206th Street, Torrance, CA,90501 | $1,195,000 | 8 | -- | 2,984 | 7001 Sqft |
1501 207th, Torrance, CA,90501 | $849,000 | 3 | 3 | 1,794 | 1898 Sqft |
20625 S Denker Avenue, Torrance, CA,90501 | $929,000 | 4 | 3 | 2,189 | 14000 Sqft |
1620 W 208th Street, Torrance, CA,90501 | $1,000,000 | 5 | 3 | 1,956 | 7751 Sqft |
23701 S Western Avenue, Torrance, CA,90501 | $75,000 | 3 | 1 | -- | 711574 Sqft |
20623 S Denker Avenue, Torrance, CA,90501 | $929,000 | 4 | 3 | 2,189 | 7002 Sqft |
1507 W 207th Street, Torrance, CA,90501 | $835,000 | 4 | 3 | 1,771 | 7002 Sqft |
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ByOwner last updated this listing 05/06/2024 @ 06:16
MLS: SB24070404
LISTED BY: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.