24 units on almost a 1/2 acre of frontage along one of the South Bay's main arteries, connecting Torrance with the 110Fwy. - one a major South Bay job center and the other one of Greater LA's main Freeways. The subject property is madeup of six, 4-unit buildings. All units are ALL ELECTRIC AND HAVE THEIR OWN HOT WATER HEATERS. Two laundry rooms on-site.Almost all 2 bed units = good tenant stability. Great "Buy and Hold"...steady cash flow opportunity. HUGE, unrealizedupside, over time, through easy aesthetic improvements. Or build on this large, R3 site! Immediate upside throughissuance of the "city of LA allowable year 2018" rent increase (3%) this Fall and by restructuring the on-site manager's compensation. Huge job centers in Torrance, minutes away. As well as the Port of LA, a 10 minute drive South.
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Listing Courtesy ofMarcus & Millichap