948 954 W 223rd ST Torrance, CA 90502

The subject property consists of two parcels that total 28,824 square feet of land with 7 apartment units. The parcels are contiguous and will be sold together. Each unit is single story and the unit mix is 6-2BR/1BA and 1-3BR/2BA. The property has been very well maintained and this is a true "pride of ownership" offering. This area is Torrance with Los Angeles County services and NO RENT CONTROL. Each unit has its own stackable washer/dryer, ceiling fans, rear yard or patio, secured garage (plus additional open parking), water heater, hardwood and tiled flooring. The units are separately metered for gas and electric. Virtually everything is new and/or in excellent condition from the roofs to the plumbing (copper), new windows and even new doors. The meticulous maintenance of this property results in very healthy in place rents. At the list price the CAP is just over 6% which is almost impossible to find in this market. The asset can produce over 7% cash on cash return with a little as 25% down payment.....on the current rents! This property won't last long so call or email today for more information.

DO NOT WALK THE PROPERTY OR TALK TO THE TENANTS