Under Contract
775 Portola Avenue
Torrance CA, 90501
$1,695,000
$464.38 per sqft
Under Contract
3,650 sqft
Condo
Built in 1957
Listed by Cameron Samimi with Lyon Stahl Investment Real Estate, Inc. 310-425-9838
775 Portola Ave is an amazing opportunity to own six
units offered at only $282k/unit. The subject property
has over 50% upside in rental income. Whether you are
long term or a value-add investor, the subject
property is the perfect assets to help achieve your
investment goals.
775 Portola Ave features a unit mix of (6) 1-Bed/1-Bath
- each unit features 2 parking space (1 garage and 1
tandem), as well as washer/dyer hookups. Once fully
rented for market and ADU is constructed ($300k), the property
will operate at a 8.61% CAP and 7.64 GRM.
This investment is located near Old Torrance- one of
the more desirable pockets in Torrance. There are
many shops and restaurants close by, as well as Del
Amo Shopping Center. One of the highlights of
Torrance is its excellent education system. The city is
home to several top-rated public and private schools,
providing residents with quality education options for
their children.
SB24070404
MLSⓇ ID
April 9, 2024
Listed
May 3, 2024
Updated
Map
775 Portola Avenue
Torrance CA, 90501
Interior Features
Total Stories
2
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.13 Acres
Lot Features
0-1 Unit/Acre
Sewer
Public Sewer
Other Property Details
Area Name
134 - Old Torrance
Days on Market
22
Garage
Yes
Garage Spaces
6
Parking Total
6
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
TORR-MD
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
5/3/2024 | Under Contract | — |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/3/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 5/3/2024 at 2:38 AM UTC