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1629 W 208th St 5 Unit Apartment Building $1,785,000 ($357,000/Unit) 5.23% Cap Rate Torrance, CA 90501
INVESTMENT HIGHLIGHTS
- Great Unit Mix: (1)3-bedroom/2-bath, (3)2-bedroom/2-bath, & (1) 1-bedroom/1-bath units
- Units Average an impressive 1,100 sq ft + Large 7,574 sq ft lot
- Built in 1986 -Ample Parking – 7 covered spaces-Property in very good condition!
EXECUTIVE SUMMARY
The Stiegler Takahashi Group is proud to present a well-maintained multifamily property built in 1986, offering a great unit mix of (1) three-bedroom/two-bath, (3) two-bedroom/two-bath, and (1) one-bedroom/one-bath units. Each unit averages an impressive 1,100 sq ft, providing spacious living for tenants. Situated on a large 7,574 sq ft lot, the property also features ample parking with 7 covered spaces. In very good condition, this asset represents an excellent opportunity for investors seeking both stability and long-term value.
PROPERTY FACTS
| Price | $1,785,000 | Apartment Style | Low-Rise |
| Price Per Unit | $357,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.23% | Building Size | 5,415 SF |
| Gross Rent Multiplier | 12.48 | Average Occupancy | 97% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RD1.5, Los Angeles - restricted Density Multiple Dwelling | ||
| Price | $1,785,000 |
| Price Per Unit | $357,000 |
| Sale Type | Investment |
| Cap Rate | 5.23% |
| Gross Rent Multiplier | 12.48 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,415 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1986 |
| Opportunity Zone |
Yes |
| Zoning | RD1.5, Los Angeles - restricted Density Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,895 | - |
| 3+2 | 1 | $2,995 | - |
| 2+2 | 3 | $2,418 | - |
1 1
PROPERTY TAXES
| Parcel Number | 7351-009-019 | Improvements Assessment | $531,146 |
| Land Assessment | $525,398 | Total Assessment | $1,056,544 |
PROPERTY TAXES
Parcel Number
7351-009-019
Land Assessment
$525,398
Improvements Assessment
$531,146
Total Assessment
$1,056,544
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1629 W 208th St
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