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2859 W 235th St 4 Unit Apartment Building Offered at $1,985,000 at a 2.87% Cap Rate Torrance, CA 90505
INVESTMENT HIGHLIGHTS
- Unit Mix: (1) 3BD/2BA, (1) 2BD/1BA, and (2) 2BD/2BA Townhome-Style Units
- One Unit Fully Renovated
- 100% Electric Building with No Gas and Separately Metered Units
- 4,756 SqFt Building on a 6,529 SqFt Corner Lot
- Private Outdoor Patio Spaces for All Units
- 4 Enclosed Garage Spaces with EV Charg
EXECUTIVE SUMMARY
Stiegler | Takahashi Group is pleased to present 2859 W 235th St, an exceptional 4-unit investment property situated on a desirable corner lot in prime Torrance, offering a strong unit mix of (1) 3BD/2BA, (1) 2BD/1BA, and (2) 2BD/2BA townhome-style units across 4,756 SqFt of living area on a 6,529 SqFt lot. One of the 2BD/2BA units has been fully renovated, and all units feature private outdoor patio spaces, enhancing tenant appeal and livability. The property includes 4 enclosed garage parking spaces with EV charging outlets and is a 100% electric building with no gas, with each unit separately metered, providing operational efficiency and reduced landlord utility exposure. With approximately 50% upside in current rents and close proximity to top-rated schools, parks, retail, and major South Bay employment centers, this offering presents an outstanding value-add investment opportunity in one of Torrance’s most stable and in-demand rental submarkets.
PROPERTY FACTS
| Price | $1,985,000 | No. Units | 4 |
| Price Per Unit | $496,250 | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 4,756 SF |
| Cap Rate | 2.87% | No. Stories | 2 |
| Gross Rent Multiplier | 19.99 | Year Built | 1964 |
| Price | $1,985,000 |
| Price Per Unit | $496,250 |
| Sale Type | Investment |
| Cap Rate | 2.87% |
| Gross Rent Multiplier | 19.99 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 4,756 SF |
| No. Stories | 2 |
| Year Built | 1964 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,350 | - |
| 2+2 | 2 | $2,175 | - |
| 2+1 | 1 | $1,950 | - |
PROPERTY TAXES
| Parcel Number | 7369-010-025 | Improvements Assessment | $315,627 |
| Land Assessment | $365,466 | Total Assessment | $681,093 |
PROPERTY TAXES
Parcel Number
7369-010-025
Land Assessment
$365,466
Improvements Assessment
$315,627
Total Assessment
$681,093
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2859 W 235th St
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