Description
1573 Torrance Boulevard presents an excellent opportunity to acquire an asset with a great unit mix in the desirable inland South Bay rental market and capture a major 46 percent potential upside in rents. 1573 Torrance Boulevard is a 1963 construction with six two-bedroom/one-bath and three one-bedroom/one-bath units that are separately metered for gas and electricity. Four of the units feature private balconies, one unit boasts a large private back patio, and one unit has tapped into a garage for additi 1573 Torrance Boulevard presents an excellent opportunity to acquire an asset with a great unit mix in the desirable inland South Bay rental market and capture a major 46 percent potential upside in rents. 1573 Torrance Boulevard is a 1963 construction with six two-bedroom/one-bath and three one-bedroom/one-bath units that are separately metered for gas and electricity. Four of the units feature private balconies, one unit boasts a large private back patio, and one unit has tapped into a garage for additional living space. The property also offers on-site laundry and ample tuck-under and surface parking. Recent improvements include a new roof, which is currently being installed and will be completed before close of escrow, a new main water heater, and recent interior upgrades. The property is located one block east of Western Avenue and offers convenient access to the 405 and 110 Freeways as well as the popular dining, shopping, and entertainment options in Old Town Torrance. Investors should also take in consideration the opportunity this property offers to the possibility of building an accessory dwelling unit (ADU) addition (buyer to verify). An accessory dwelling unit (ADU) is a smaller, independent residential dwelling unit located on the same lot as a stand-alone (i.e., detached) residential building.
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3BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
1573 Torrance Boulevard presents an excellent opportunity to acquire an asset with a great unit mix in the desirable inland South Bay rental market and capture a major 46 percent potential upside in rents. 1573 Torrance Boulevard is a 1963 construction with six two-bedroom/one-bath and three one-bedroom/one-bath units that are separately metered for gas and electricity. Four of the units feature private balconies, one unit boasts a large private back patio, and one unit has tapped into a garage for additi 1573 Torrance Boulevard presents an excellent opportunity to acquire an asset with a great unit mix in the desirable inland South Bay rental market and capture a major 46 percent potential upside in rents. 1573 Torrance Boulevard is a 1963 construction with six two-bedroom/one-bath and three one-bedroom/one-bath units that are separately metered for gas and electricity. Four of the units feature private balconies, one unit boasts a large private back patio, and one unit has tapped into a garage for additional living space. The property also offers on-site laundry and ample tuck-under and surface parking. Recent improvements include a new roof, which is currently being installed and will be completed before close of escrow, a new main water heater, and recent interior upgrades. The property is located one block east of Western Avenue and offers convenient access to the 405 and 110 Freeways as well as the popular dining, shopping, and entertainment options in Old Town Torrance. Investors should also take in consideration the opportunity this property offers to the possibility of building an accessory dwelling unit (ADU) addition (buyer to verify). An accessory dwelling unit (ADU) is a smaller, independent residential dwelling unit located on the same lot as a stand-alone (i.e., detached) residential building.