Property Description

Price Reduced by Over $600,000 | 18-Unit Apartment in Highly Desirable West Torrance Location | Located Approximately 1 Mile from the Pacific Ocean & Redondo Beach Pier and Close Proximity to Del Amo Fashion Center, King Harbor & Village Del Amo | Large 13,787-SF Lot | Desirable Opportunity to Add ADUs | Total of 18 Garage Spaces | No Local Rent Control - Defaults to AB 1482 | 5.68% Current Cap Rate & 11.76 Current GRM | 6.65% Pro-Forma Cap Rate & 10.47 Pro-Forma GRM | Four Units Delivered Vacant | Common Area Courtyard | On-Site Laundry Facility - Generates Additional Annual Income

ESSENTIAL INFO

• Status: Active Under Contract