Offered At: $5,850,000
Excellent and unique opportunity in downtown Torrance. Mixed-use building – 6 residential townhomes, 1 commercial suite, 6 two car garages, optional: can be converted to ADUs. This property has 7 separate deeds with separate APNs, updated budgets and bylaws and CC&Rs. Market rents average $4,750 per unit; over $390,000 per year income. Property has been completely upgraded throughout. Commercial tenant at ground floor has two years left on lease. The commercial suite comes with sign rights and permissible uses for office, medical, restaurants, and animal services. This building is a perfect investment opportunity to buy 7 separate units in bulk under market. The owner of the property has the individual units on the market, but will give serious consideration to a bulk sale transaction.
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