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Continental Apartments Torrance 3444 Emerald St 20 Unit Apartment Building $5,699,999 ($285,000/Unit) 4.39% Cap Rate Torrance, CA 90503
Investment Highlights
- 1962-built | 20-unit apartment | Current 4.4% Cap 12.37 GRM | Market 6.5% Cap 9.78 GRM | $285K/Door
- Copper Plumbing | Laundry On-Site | Once Vacant Studio 95% occupied
- 16,201 rentable Sqft on a 22,228 Sqft lot | (1) 3- Bed / 2- Bath, (5) 2-Bed / 1-Bath, (13) 1-Bed / 1-Bath, and (1) Studio.
Executive Summary
3444 Emerald Street is a 1962-built, 20-unit apartment building of wood frame and stucco construction on a raised foundation, containing 16,201 rentable square feet on a 22,228 square foot lot across (1) 3- Bed / 2- Bath, (5) 2-Bed / 1-Bath, (13) 1-Bed / 1-Bath, and (1) Studio. Gas and electric are separately metered and paid by tenants, and water, sewer and trash are owner paid. The property is gated at the front and rear entries, includes sprinkler systems, and offers 20 parking spaces, a pool, owner-owned laundry with two washers and two dryers, and most units have a patio. Building systems include copper plumbing throughout and two 100-gallon water heaters. Recent work includes new hardscape and replacement of several dual pane windows. A large manager's storage room can be converted into an additional apartment/ADU. The building is 95% occupied, with the studio tenant vacating at the end of August. At the concluded market rents of $47,575 per month the property proformas to a 6.5% cap rate and a 9.78 GRM.
1. QUESTIONS: All specific property related information is covered in the marketing package in the supplemental section on the MLS. ----- 2. COMMUNICATION: Please direct any additional questions not covered in the marketing package to Jack (310) 382-1063 or Jack@LyonStahl.com. ----- 3. SHOWINGS: There will be no showings or open houses. Please submit offers subject to interior inspection. ----- 4. OFFERS: Please submit offers to Jack@LyonStahl.com. Please include proof of funds and pre-approval.
1. QUESTIONS: All specific property related information is covered in the marketing package in the supplemental section on the MLS. ----- 2. COMMUNICATION: Please direct any additional questions not covered in the marketing package to Jack (310) 382-1063 or Jack@LyonStahl.com. ----- 3. SHOWINGS: There will be no showings or open houses. Please submit offers subject to interior inspection. ----- 4. OFFERS: Please submit offers to Jack@LyonStahl.com. Please include proof of funds and pre-approval.
Data Room Click Here to Access
Financial Summary (Actual - 2025) 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 - 2025) 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 | $5,699,999 | Apartment Style | Low-Rise |
| Price Per Unit | $285,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 4.39% | Building Size | 16,201 SF |
| Gross Rent Multiplier | 12.37 | Average Occupancy | 95% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.23/1,000 SF |
| Zoning | TORR-MH | ||
| Price | $5,699,999 |
| Price Per Unit | $285,000 |
| Sale Type | Investment |
| Cap Rate | 4.39% |
| Gross Rent Multiplier | 12.37 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 16,201 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.23/1,000 SF |
| Zoning | TORR-MH |
Amenities
Unit Amenities
- Balcony
- Sprinkler System
- Yard
- Patio
Site Amenities
- Courtyard
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,950 | 400 - 600 |
| 1+1 | 13 | $1,882 | 700 - 850 |
| 2+1 | 5 | $1,865 | 800 - 900 |
| 3+2 | 1 | $2,050 | 1,000 - 1,200 |
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Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7524-013-002 | Improvements Assessment | $2,962,913 (2026) |
| Land Assessment | $1,659,314 (2026) | Total Assessment | $4,622,227 (2026) |
Property Taxes
Parcel Number
7524-013-002
Land Assessment
$1,659,314 (2026)
Improvements Assessment
$2,962,913 (2026)
Total Assessment
$4,622,227 (2026)
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Continental Apartments Torrance | 3444 Emerald St