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3706 Redondo Beach Blvd
Torrance, CA 90504 Torrance

$1,595,000 USD

Apartments For Sale • 6,451 SF

Property Details

Property Type Apartments
Total Building Size 3,516 SF
Lot Size 0.11 AC
Building Class C
Year Built 1958
Cap Rate 5.02 %
Zoning TORR-MH

48 Transit Score

73 Walk Score

                
                    Highlights
                
                                Outstanding Owner-User Opportunity with Renovated 2-Bedroom Unit Delivered Vacant | Unit Mix of (Four) 2-Bedroom/1-Bathroom Units
                            
                                Highly Desirable North Torrance Location – Across the Street from Alondra Park & a Few Blocks from El Camino College
                            
                                Each Unit Contains Individual Hot Water Heaters & Private Patios | Main Sewer Line Has Been Replaced
                            
                                5.02% Current Cap Rate & 14.03 Current GRM | 6.13% Pro-Forma Cap Rate & 12.08 Pro-Forma GRM
                            
                                On-Site Laundry Facility – Generates Additional Annual Income | Total of 4 Garage Spaces
                            
                                Qualifies for Attractive Residential Financing

Financial Summary (Actual)

Net Operating Income: $80,012 USD (2024)

Cap Rate:	5.02 %
Total Expenses:	$30,743 USD

Amenities

Laundry Facilities
Patio

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	14 min	-	8.5 mi
Long Beach (Daugherty Field)	18 min	-	13.1 mi
Bob Hope	42 min	-	31.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Jonathan Nikfarjam 310-593-9868 Shield Commercial Real Estate

3706 Redondo Beach Blvd Torrance, CA 90504 Torrance