Property Address: 21110 Wood Avenue, Torrance, CA, 90503
Average square foot calculated using Size range provided by listing agent.
Description
18-Unit Apartment in Highly Desirable West Torrance Location | Located Approximately 1 Mile from the Pacific Ocean & Redondo Beach Pier and Close Proximity to Del Amo Fashion Center, King Harbor & Village Del Amo | Large 13, 787-SF Lot | Desirable Opportunity to Add ADUs | Total of 18 Garage Spaces | No Local Rent Control - Defaults to AB 1482 | 4.98% Current Cap Rate & 13.07 Current GRM | 5.86% Pro-Forma Cap Rate & 11.64 Pro-Forma GRM | Four Units Delivered Vacant | Common Area Courtyard | On-Site Laundry Facility - Generates Additional Annual Income