1414 W 225th Street, Torrance, CA 90501
- $3,150,000
- List Price
- $3,150,000
- Status
- ACTIVE
- MLS#
- SB26205096
- Year Built
- 1962
- Lot Size
- 15,005
- Acres
- 0.34
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 3
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Large 12-unit multifamily property totaling 11,980 SQFT, featuring two buildings, 12 assigned carport spaces, two community laundry rooms, and secure gated entry. All 12 units offer spacious 3-bedroom, 1.5-bath floor plans averaging nearly 1,000 SQFT each. The additional half-bath in every unit is a unique and highly desirable feature for tenants. Priced at an attractive 9.6 GRM and 6.1% cap rate, the property offers strong in-place income with significant built-in upside. An estimated 59% upside in rents brings the property to a projected 6.0 GRM and 11.5% cap rate at market rents. The property has 14 separate gas and electric meters, with additional potential to reduce utility expenses by implementing RUBS for water, sewer, and trash (buyer to verify). The property is well maintained, with a new roof (2021), fresh exterior paint (2026), several renovated units, and a completed SB 721 balcony inspection. Strategically located in the Harbor Gateway area of Torrance, across from Normandie Recreation Center. Property is subject to Los Angeles RSO.
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Additional Information
- Appliances
- Dryer, Washer
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $323,621
- Operating Expense
- 126326
Listing courtesy of Listing Agent: Christopher Crosby (chris.crosby@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.