20329 DENKER Avenue, Torrance, CA 90501

$2,045,000
Sold Price
$2,045,000
List Price
$2,100,000
Closing Date
Jun 16, 2017
Status
CLOSED
MLS#
17197724
Year Built
1963
Lot Size
15,001
Days on Market
137
Property Type
Multifamily

Property Description

-Dense Torrance P.O. Rental Market with Strong Multifamily Operating Fundamentals -Outstanding Long Term Value Purchase at $212 Per Square Foot & $150,000 Per Unit -Pro Forma Cap Rate of 7.38% & Pro Forma GRM of 9.36 -Large 15,000 Square Foot Lot -Diverse Unit Mix of Studios, 1-Bedrooms, 2-Bedrooms, and 3-Bedrooms -Over a 9.40% Pro Forma Cash-On-Cash Return -Over 40% in Legitimate Rental Upside *Property is subject to Los Angeles city rent control.* **Please do not disturb tenants.**

Additional Information

Cooling
Yes
Cooling Description
See Remarks
Garage Spaces Total
14

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.

Listing courtesy of CBC Advisors. Selling Office: .

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.