Listed by Dean Thomas, E Real Estate Corp.,

1622 Gramercy Avenue

Torrance, CA, 90501

$5,850,000

$440 per ft²
$5,850,000
$440 per ft²
Active
Active
 - For Sale
carpenters-square
13,270 ft²
property_type
Condo
calendar
Built 2010
Excellent and unique opportunity in downtown Torrance. Mixed-use building with 6 residential units, 1 commercial suite, 6 two-car garages; optional, can be converted to ADUs. This property has 7 separate deeds and APNs, updated budgets, bylaws and CC&Rs. Market rents average $4750 per unit; approximately $400,000 per year income. Property is priced at approximately 5.141% cap. Property has been completely upgraded throughout. Commercial tenant at ground floor has two years left on lease. The commercial suite comes with sign rights and permissible uses for office, medical, restaurants and animal services. This building is a perfect investment opportunity to buy 7 separate units in bulk. The owner of the property has the individual units on the market, but will give serious consideration to a bulk sale transaction.
MLS® ID:
SB22201020
Listed:
9/12/22
Updated:
11/29/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Inside

Exterior/Building Features

Lot Size
0.25 acres lot
Sewer
Public Sewer

Other Property Details

Area Name
134 - Old Torrance
HOA Amenities
Suburban, Sidewalks
Garage
Yes
Garage Spaces
12
Parking
Y
Parking Total
12.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
TOC1*

Courtesy of E Real Estate Corp., Dean Thomas,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 11/29/22. 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.

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Data last updated 1:28 PM UTC, 11/29/22

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