20414 Kenwood Avenue
Torrance, CA 90502
0.18 acres | #24393547
Description
20414 Kenwood is an exciting opportunity to invest in a 5 unit multifamily in the beautiful South Bay city of Torrance, priced at only $300,000 per door for recently updated units. The property has a current 4.04% cap rate, but rents are below market and there is potentially room to add more units for even more upside! The property offers long-term value as many lower income areas in the South Bay are rapidly gentrifying. All apartments have been lightly updated, and tenants are stable and largely maintenance free. Units 2 & 4 have laundry hookups, Units 3 & 5 can be set up, and unit 1 does not have any laundry hookups at all. There is a back area that can be converted to additional units and more tenant services. Please verify all zoning and permitting with the city if you plan on adding units or renovating. This property has loads of upside potential or can possibly be used as an owner occupied residence while your tenants help yo pay off the property!!! The property is just minutes from the 405 and the 110. Also a very drivable distances to Long Beach and LAX. The property is minutes away from Harbor UCLA Medical Center, Victoria Golf Course, Walmart, Starbucks, many grocery stores, and several commercial and major industrial business centers. Ideal for tenants looking for close proximity to workplaces in the neighborhood. Not many apartments come on sale in the neighborhood. Please DO NOT visit premises without setting up and appointment first with the listing agent and been prequalifed for a loan with proof of funds. This is an ABSOLUTE AS IS Sale. Please contact agent for rent roll, operating statements and questions!
Property Details
- Lot DescriptionCornerLot, NearPublicTransit, ValueInLand
- Stories1
Measurements
- Acres0.1755
Construction Details
- Property TypePurchase
Condition
- Year Built1925
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,500,000
Other
- MLS #24393547
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Mark Wong (#CLW-C120978)
Listing Office: Cal Mutual Inc (#CLW-X80555)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
