Property profile

1620 Iris Ave Torrance, CA 90503

OFF-MARKET
Assisted living facilities
Property ID
US09-6411243
2,479 SF 0.17 ac lot Built 2005
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2005
Construction WOOD
Total area 2,479 SF
Lot 0.17 ac (7,501 SF)
Zoning code TORR-LO
APN 7362-026-037
UPID US09-6411243

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1620 Iris Ave Torrance, CA 90503-6025
Torrance metro Census 650401 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$860k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$785k

Owner & transaction history

since 2022
Last sale
$900,009
7 recorded transactions
2022
$900,000
2005
$950,000
2004
$550,000
2004
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

TORR-LO · Torrance, CA
Top alternative use upside
Office building $1.4M +110.0%
Auto repair, garage $1.1M +67.5%
Medical building $1.1M +64.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1620 Iris Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message