20-Unit Apartment
1351 W 227th St, Torrance, CA 90501
For Sale
$4,100,000
Pending
The residential configuration includes one-bedroom, two-bedroom, and two-bedroom-plus-den apartments.
Property Size14,404 SF
Lot Size0.48 Acres
Days on Market96
Property Features for 1351 W 227th St
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
CB Richard Ellis, Inc.
Listed By:
Adam Peterson · License #01815802
(310) 954-7031
Source:
Eliterepresentation
Added: Aug 6
Changed: Nov 8
Last Checked: Nov 8 at 4:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB Richard Ellis, Inc.
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Investment Insights
Based on property information with market context.
This apartment property contains 20 residential units with approximately 14,404 square feet of rentable building area. The mix comprises four one-bedroom apartments, fourteen two-bedroom apartments, and two two-bedroom units with dens. The building dates to 1963 and occupies a 20,853-square-foot lot.
Key Highlights
- 20 residential units
- Approximately 14,404 square feet of rentable building area
- 20,853‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,772
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,635,440
$4.6M
Cap Rate 7%
$3,311,029
$3.3M
Cap Rate 9%
$2,575,244
$2.6M
Market Conditions
NOI Build-Up for 14,404 SF
Gross rent
$458.0K $31.80/SF
− Vacancy
−$36.6K −$2.54/SF
EGI
$421.4K $29.26/SF
− OpEx
−$189.6K −$13.17/SF
NOI
$231.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,635,440
Cap Rate 7%
$3,311,029
Cap Rate 9%
$2,575,244
Alternative Uses
Best Use
Apartment 5plus
$3.31M
$2.90M – $3.86M
NOI $231,772 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.88M
$5.14M – $6.86M
NOI $411,378 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
1,939
Businesses Nearby
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Business Placement
Demographics for 90501, CA
43,990
Population
15,867
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
7,718
Density / Sq Mi
$92,815
Median Household Income
$43,526
Median Earnings
$1,868
Median Rent
$887,300
Median Home Value
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Market
Properties on Market for Apartment buildings in Torrance
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The residential configuration includes one-bedroom, two-bedroom, and two-bedroom-plus-den apartments.
Where is this apartment building located?
The property is located at 1351 W 227th St Torrance, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 20 residential units; Approximately 14,404 square feet of rentable building area; 20,853‑square‑foot lot
