20717 Berendo Ave Torrance, CA 90502
- Investment properties
- 2,880 SF
- 0.13 lot acres
Current Use by Public Records
- Investment properties
Property Details for 20717 Berendo Ave
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Property size
- 2,880 SF
- Zone code
- LCR2*
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 7350-005-028
- APU
- 7350005028
Description
This exceptional mixed-use property, situated at 20717 Berendo Avenue in Torrance, California, presents a compelling investment opportunity. Spanning 2,880 square feet on a 0.13-acre lot, this property boasts a prime corner location at the intersection of Torrance Boulevard and Berendo Avenue. Its strategic placement offers excellent visibility and accessibility, being conveniently close to the 110 freeway and nestled within a thriving residential neighborhood. The property comprises a commercial unit, currently operating as a minimarket, and two residential apartments, each featuring two bedrooms. All units are currently occupied by reliable tenants, enjoying a positive landlord-tenant relationship. The property has been successfully self-managed by the owners for over a decade, demonstrating a consistent track record of minimal vacancy and strong rental income. The high traffic count on Torrance Boulevard further enhances the commercial unit's potential. This turnkey investment offers a rare chance to acquire a well-established, income-generating property in a desirable Torrance location. The sale includes only the real estate
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $315,000
- 7%
- $280,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $305,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $260,000
- Retail
- $335,000
- Mixed-Use
- $315,000
- Hospitality
- $300,000
- Educational
- $340,000
- Residential Income
- $345,000
- Energy
- $305,000
- Income-Based Land
- $345,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Torrance
- County
- Los Angeles
- State
- California
- Longitude
- -118.293
- Latitude
- 33.8423
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA