Bought with Linda Hernandez
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22720 Harvard Torrance, CA 90501
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Key Details
Sold Price $1,300,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB25231210
Style Traditional
Year Built 1955
Lot Size 8,068 Sqft
Property Description
8-Unit Apartment Building | First Time on Market in 26 Years! Rare investment opportunity: two 4-unit buildings on one parcel. Each unit is 2 bed/1 bath. Huge upside in rents with a possible 10.3% market CAP and 7.7 market GRM! Upgrades include new roofs, new electrical panels, 68 new vinyl windows (2025), and freshly painted exterior. One remodeled unit is rent-ready. Most units feature updated vinyl/tile flooring. All units include gas range, water heater, and gas wall furnace. 1 covered carport space per unit. Shared courtyard. Many long-term tenants. Subject to City of Los Angeles Rent Control (RSO). Convenient location near freeways, shopping, and restaurants. Huge rental upside.
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Rooms
Kitchen Oven Range - Gas
Interior
Heating Gas, Wall Furnace
Cooling None
Laundry In Kitchen, 30
Exterior
Parking Features Assigned Spaces, Off-Street Parking, Parking Area
Garage Spaces 8.0
Pool 31, None
Roof Type Shingle,Composition
Building
Foundation Raised
Water Hot Water, District - Public
Others
Special Listing Condition Not Applicable
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