25602 January Dr — Sale in Torrance, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Torrance, CA 90505

Investment Figures

Cap rate
3.49%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present to market 25602 January Drive, a four-unit property in the highly sought-after Walteria neighborhood of Torrance, California. The property consists of a three-bedroom/two-bath home that faces January Drive, a quiet residential street, and a rear triplex with all one-bedroom/one-bath units that backs up to Crenshaw Boulevard. The front home will be delivered vacant, making this an excellent owner/user or value-add opportunity. Furthermore, current rents of the triplex offer a new investor 25 percent rental upside. The front home features updated electrical, a single-car garage, and new interior paint. The triplex offers three single-car garages that are easily accessed via Crenshaw Boulevard. This property boasts an outstanding location in an affluent neighborhood, walkable to Rolling Hills Plaza and its numerous popular retailers and dining options, and on the border of Rolling Hills Estates. Investment Highlights: • Excellent opportunity to acquire an asset consisting of a vacant single-family home and a triplex in the sought-after Walteria neighborhood of Torrance • The front home faces January Drive, a quiet residential street, and is a three-bed/two-bath that will be delivered vacant - great owner/user option • Rear triplex offers all one-bedroom units and three single-car garages • Current rents offer 25 percent potential upside • Outstanding location in an affluent neighborhood of the inland South Bay, walkable to Rolling Hills Plaza's numerous popular dining and retail options

Market Context

This multifamily in Torrance, CA is listed for sale. It is offered at an approximate 3.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Torrance, CA — view the full market.

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