15
See all 15 photos
$1,875,000
Est. payment /mo
7,198 Sqft Lot
New
1556 W 227th ST Torrance, CA 90501
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR25059771
Originating Board California Regional MLS
Year Built 1986
Lot Size 7,198 Sqft
Property Description
1556 W 227th St. Apartments is a well maintained 6-unit multifamily community located in the Harbor Gateway area. It presents a value-add opportunity with a conservative ±6.7% Proforma CAP Rate on. The property is a newer built two-story apartment that is well maintained and has undergone many capital improvements which include: all units upgraded. It was built in 1986 and not under any local rent control ordinance (only under CA AB1482) which provides maximum allowable annual rent increases. All the units are ready for the next rent increase in July 2025 (buyer to verify) which provides immediate rental upside. It has a large building size of 4,241 SF which translates to a spacious ±700sf average unit size and situated on 7,198 SF R3 lot. It offers an excellent unit mix with 1 x large 2-bedroom+2-bathroom, 1 x large 2-bedroom+1-bathroom and 4 x 1-bedroom+1-bathroom units. Each unit has been upgraded with high-end upgrades such as laminated/vinyl wood flooring, updated kitchen with quartz countertops, and updated tiled bathroom. Some units have brand new mini-split HVAC systems in the living room and bedroom. Based on its year built, it has copper plumbing throughout (buyer to verify). The property has a wrought iron gate, and offers 6 open parking spaces in the back, and a l
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace , Central Forced Air
Cooling Window / Wall Unit
Flooring Laminate
Laundry Laundry Area, Washer/Dryer - Leased, Community Facility
Exterior
Parking Features Assigned Spaces, Other
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Shingle
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7347015045
Special Listing Condition Not Applicable
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Listed by Han Chen • Growth Investment Group Pasade