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Yosef Adde

yosef@adde.la +1(310) 363-7362

$ 1,900,000

Est. payment | -/mo

12 Beds

12 Baths

5,224 SqFt

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$ 1,900,000

Est. payment | -/mo

Save

12 Beds

12 Baths

5,224 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,224 sqft

Price per Sqft $363

MLS Listing ID 26996965

Bedrooms 12

HOA Y/N No

Year Built 1958

Lot Size 0.289 Acres

Property Description

Excellent opportunity to acquire a fully occupied, 12-unit apartment building in a desirable Torrance-adjacent location, just off Hawthorne Boulevard, the city's bustling commercial and retail corridor. This well-located property offers residents convenient access to shopping, dining, entertainment, and everyday amenities, with nearby 405 Freeway access providing easy connectivity throughout the South Bay and greater Los Angeles. Situated on a generous 12,603 SF lot, the 5,224 SF building features 12 one-bedroom, one-bathroom units, along with 12 covered parking spaces housed in two six-car carports. An on-site coin-operated laundry facility provides an additional revenue stream. With 100% occupancy, the property delivers immediate, stabilized rental income from an established tenant base. Offered at $1,900,000, the property generates annual Gross Operating Income of $176,552, including $2,516 in laundry revenue, and Net Operating Income of $103,116 based on 2025 operating expenses. These figures translate to an attractive 5.43% capitalization rate and 10.76 gross rent multiplier. Beyond its strong in-place income, the property presents compelling opportunities for future growth through strategic interior upgrades and rent optimization, subject to applicable regulations. With its desirable Torrance-adjacent location, stable occupancy, generous lot size, and potential for increased returns, this property offers investors an appealing combination of current cash flow and long-term value creation in one of the South Bay's established rental markets.

Location

State CA

County Los Angeles

Area 113 - South Lawndale

Zoning LNC3*

Interior

Interior Features Ceiling Fan(s)

Heating Gravity

Fireplaces Type None

Fireplace No

Appliance Refrigerator

Laundry Common Area

Exterior

Parking Features Detached Carport

View Y/N No

View None

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4074001017

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Will Tiao The Collective Realty #01918965

NEARBY SCHOOLS & PROPERTIES

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+1(310) 363-7362

yosef@adde.la

Serving the South Bay Los Angeles

4425 W 159th ST Lawndale, CA 90260

Yosef Adde

Key Details

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Interior

Exterior

Building

Others

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4425 W 159th ST