Multi-Family Properties in Torrance, California, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and growing population of around 147,067 residents. As a balanced industrial city with a mix of residential, commercial, and industrial districts, Torrance provides a diverse range of investment opportunities. Multi-Family Properties, in particular, represent a stable and lucrative investment option, with the potential to generate consistent rental income and long-term appreciation in value. With amenities like Torrance Memorial Medical Center and Little Company of Mary Hospital, as well as parks like Wilson Park, Columbia Park, and De Portola Park, Torrance offers a high quality of life that attracts residents and investors alike. The city's proximity to major transportation hubs, including Zamperini Field airport and highways like I-110, I-405, SR 91, SR 107, and SR 1, makes it an attractive location for businesses and individuals. Additionally, Torrance is home to several major corporations, including American Honda Motor Company, Acura, and Robinson Helicopters, which contribute to the city's strong economy. With its warm-summer Mediterranean climate and beautiful beaches, Torrance is an ideal location for both business and leisure.
Torrance's diverse economy, which includes automotive manufacturing, aerospace, retail, and food production, provides a strong foundation for investment in Multi-Family Properties. With 1 Multi-Family Properties currently available for sale, investors have a range of options to choose from. In addition to Multi-Family Properties, Torrance also offers other property types, including Retail Space, with popular shopping centers like the Del Amo Fashion Center; Shopping Centers, with a mix of local and national retailers; Residential Income Homes, with a range of single-family and multi-family options; and Office Properties, with modern facilities and amenities. With its strong economy, diverse range of property types, and high quality of life, Torrance is an attractive location for investors and businesses alike. Whether you're looking to invest in Multi-Family Properties or explore other opportunities, Torrance has something to offer.
What is the average cap rate for multi-family properties in the Torrance market?
As of now, there are 1 available listings of multi-family properties in Torrance, offering investors a range of opportunities to capitalize on the city's strong economy and growing population. The average cap rate for these properties stands at 4.42%, which is a promising indicator of the potential returns on investment, especially when you understand what is a cap rate and how it affects your investment decisions.
What should I know about financing options for buying an apartment building in Torrance?
When considering financing options for buying an apartment building in Torrance, it's essential to understand the local market and available financing options, including commercial real estate loans (CRE loans) that can help you secure the property of your choice, such as one of the 1 available listings.
- Average cap rates in Torrance are around 4.42%, which can impact your financing decisions and cash flow projections.
- You may want to explore financing options that take into account the average price per square foot of $577 USD and average property size of 9,493 square feet, as well as the largest available property size of 37,881 square feet.
- For more information on CRE loans and financing options, check out our article at commercial real estate loans, which can provide valuable insights to help you make an informed decision.
