3711 Artesia Boulevard, Torrance, CA 90504

$4,750,000
List Price
$4,750,000
Price Change
▼ $350,000 1499393145
Status
ACTIVE
MLS#
SB17084805
Year Built
1963
Lot Size
13,105
Lot Location
Lot 10000-19999 Sqft
Days on Market
94
Property Type
Multifamily
Stories
Two Level

Property Description

3711 Artesia Blvd is a 14 unit property located in highly sought after Torrance. More specifically it is located in North Torrance with convenient access to the 405 and 91 freeways. No rent control. It is across the street from McMaster Park and less than a mile away from the South Bay Galleria. The unit mix consists of 13-2BR/1BA and 1-1BR/1BA. At stabilized market rents the asset should provide the new owner with a 5% cash on cash return….impossible to find in this type of a South Bay location. The subject property was originally built in 1963 and has been continuously updated. Total building square footage is almost 10,800 sq ft (770 sq ft unit average) and sits on a 13,225 sq ft lot. The plumbing is copper, many of the windows have been replaced with new dual panes, and 8 of the 14 units have renovated interiors. The exterior has a modern paint scheme and overall the asset has been very well maintained by current ownership with no deferred maintenance. Landscape is drought friendly keeping water usage and monthly gardener expenses minimal. There is an onsite laundry facility and TONS of parking. 6 of the 15 garages are leased for additional income ranging between $100-$150 per garage. In addition to the 15 garages there are also 17 open spaces. In an area where parking is a premium, it is very rare and a huge amenity to have over a 2:1 ratio. 3711 Artesia Blvd represents a good opportunity for an astute investor or the perfect upleg for an exchange buyer.

Additional Information

Tract Number
126
Lot Description
Suburban
Pool Description
None
Garage Spaces Total
15
Water
Public
Attached Structure
Attached

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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

Listing courtesy of Re/Max Commercial & Investment.

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.