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2210 W 229th St 3 Unit Apartment Building Offered at $1,229,000 at a 4.34% Cap Rate Torrance, CA 90501
Executive Summary
• Prime Torrance location (no local rent control – AB 1482 only)
• Desirable unit mix: (3) 2BD / 1.5BA Townhomes
• On-site parking: three garages
• Value-add opportunity through rent increases and RUBS implementation
• Supported by strong demographics (~$102K average household income, 1-mile radius)
• Desirable unit mix: (3) 2BD / 1.5BA Townhomes
• On-site parking: three garages
• Value-add opportunity through rent increases and RUBS implementation
• Supported by strong demographics (~$102K average household income, 1-mile radius)
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,229,000 | Property Type | Multifamily |
| Price Per Unit | $409,667 | Building Size | 2,880 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 4.34% | No. Stories | 2 |
| Gross Rent Multiplier | 14.8 | Year Built | 1964 |
| No. Units | 3 | Parking Ratio | 2.08/1,000 SF |
| Price | $1,229,000 |
| Price Per Unit | $409,667 |
| Sale Type | Investment |
| Cap Rate | 4.34% |
| Gross Rent Multiplier | 14.8 |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 2,880 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.08/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 3 | $2,348 | 950 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
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2210 W 229th St
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