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22720 Harvard Blvd Torrance, CA 90501

For Sale
$1,595,000

Two 4-unit buildings on one parcel with rental upside.

Lot size:
0.19 Acres

Property Features for 22720 Harvard Blvd

General Information

Lot size
0.19 Acres

Building Details

Year built
1955

Source: Porter Heritage Agent Jim Porter

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Eight-Unit Apartment Building in Torrance

This is an offering of an eight-unit apartment building, consisting of two 4-unit buildings situated on a single parcel. Each unit features 2 bedrooms and 1 bathroom. The property presents a rental upside, with potential for a 10.3% market capitalization rate and a 7.7 market gross rent multiplier. Upgrades to the property include new roofs, new electrical panels, and 68 new vinyl windows scheduled for installation in 2025. The exterior has been freshly painted. One unit has been remodeled and is rent-ready. Most units have updated vinyl and tile flooring. Each unit is equipped with a gas range, water heater, and gas wall furnace. The property includes one covered carport space per unit and a shared courtyard. The property is subject to the City of Los Angeles Rent Control (RSO). The location offers convenient access to freeways, shopping, and restaurants.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Torrance
County
Los Angeles
State
California
Longitude
-118.30607
Latitude
33.819725

FAQs

What type of property is this?
Apartment building - Two 4-unit buildings on one parcel with rental upside.
Where is this apartment building located?
The property is located at 22720 Harvard Blvd Torrance, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: - Significant rental upside potential with a possible 10.3% market CAP and 7.7 market GRM.; - Two 4-unit buildings on one parcel, offering a rare investment opportunity.; - Recent upgrades include new roofs, new electrical panels, and 68 new vinyl windows (2025).
More about this property
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