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3706 Redondo Beach Blvd Torrance, CA 90504

For Sale
$1,595,000

Four 2-bedroom units near Alondra Park and El Camino College.

Lot size:
0.11 Acres

Property Features for 3706 Redondo Beach Blvd

General Information

Lot size
0.11 Acres

Building Details

Year built
1958

Source: Shield CRE, Inc.

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


Overview

Torrance Multifamily Investment Opportunity

This multifamily property in North Torrance presents an opportunity for owner-users. The property features four 2-bedroom, 1-bathroom units. Each unit includes individual hot water heaters and private patios. One of the 2-bedroom units has been renovated and will be delivered vacant. An on-site laundry facility generates additional annual income. The main sewer line has been replaced. The property has a total of 4 garage spaces. The location is near Alondra Park and El Camino College. Strong neighboring employment opportunities exist with Northrup Grumman, Raytheon, SoFi Stadium, Intuit Dome, Los Angeles Times, Hollywood Park Tomorrow, and LAX Airport nearby. The property qualifies for attractive residential financing. There is no local rent control, defaulting to AB 1482. The current cap rate is 5.02% with a 14.03 GRM. The pro-forma cap rate is 6.13% with a 12.08 pro-forma GRM.
Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Torrance
County
Los Angeles
State
California
Longitude
-118.3374921
Latitude
33.8790532

FAQs

What type of property is this?
Quadplex - Four 2-bedroom units near Alondra Park and El Camino College.
Where is this quadplex located?
The property is located at 3706 Redondo Beach 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: - Renovated 2-bedroom unit delivered vacant - ideal for owner-user; - Highly desirable North Torrance location - across from Alondra Park, near El Camino College; - Strong income potential - 6.13% pro-forma cap rate & 12.08 pro-forma GRM
More about this property
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