5235 Lorna Street, Torrance, CA 90503

$3,150,000
List Price
$3,150,000
Status
ACTIVE
MLS#
SB21052736
Year Built
1960
Lot Size
9,719
Acres
0.22
Lot Location
Item610UnitsAcre
Days on Market
84
Property Type
Multifamily
Stories
Two Levels

Property Description

Rare to Market West Torrance Apartment. West side location very near Beach Cities and King Harbor Marina. Quite stable location nestled in the heart of Westside Torrance. Located adjacent to the new Providence Little Company of Mary Medical Center - Torrance Advanced Care Center Total of 9 Units. Unit Mix: (8) Eight One Bed / One Bath Units and (1) One Two Bed / One Bath Unit. 3.7 CAP on Existing Income / 4.3 Cap Proforma (Upside in current rents). Perfect 1031 Exchange Investment Property. One Unit has been recently renovated. The balance are in standard condition. DO NOT DISTURB TENTANTS! All inspections subject to accepted offer. Please include proof of funds with all offers.

Additional Information

Pool Description
None
Garage Spaces Total
9
Sewer
Public Sewer
Water
Public
Number Of Units Total
9
Gross Scheduled Income
$169,860
Operating Expense
48811

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Brett O'Keefe from RE/MAX Estate Properties

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.