South Bay Mixed Use Owner User 3690 Newton St 2,202 SF 100% Leased Retail Building Torrance, CA 90505 $1,399,000 ($635.33/SF)

Rare Torrance Mixed Use Property including a Deli & Market and a 1 bedroom 1 bath apartment.
This ±2,202 SF mixed-use property (retail/multifamily) features in-place income via one 1 bedroom and 1 bath apartment in the extremely low vacancy/supply constrained South Bay market of Torrance.
The multifamily vacancy rate in the Beach Cities is routinely amongst the lowest of all Southern California submarkets. The property’s use mix creates tremendous intrinsic value and long-term stability.
Value add opportunity for an investor or owner user to occupy the Retail Deli and renovate the 1 bedroom apartment with large Patio.
***SHOWINGS BY APPOINTMENT ONLY - LISTING AGENT MUST BE PRESENT - MUST PROVIDE POFs AND LENDER LETTER (if getting a loan) TO SCHEDULE***MINIMUM 48-HOURS NOTICE - SHOWINGS ARE SCHEDULED BY APPOINTMENT ONLY***CALL CLARENCE YOSHIKANE TO SCHEDULE 714.606.5765***

***BANKRUPTCY COURT SALE - POSSIBLE AUCTION (NOT SHORT SALE, NOT BANK OWNED, & NOT AN REO)*** "QUALIFIED" BIDS WILL BE ACCEPTED UNTIL 5:00 P.M. THE BUSINESS DAY B4 THE COURT DATE (NOT YET SCHEDULED) - NO OFFERS RECEIVED TO DATE. MLS INFO IS CURRENT & UPDATED IMMEDIATELY. SALE IS CONTINGENT ON TRUSTEE/BANKRUPTCY COURT APPROVALS/OVERBID PROCEDURES - $100,000 EMD CASHIER'S CHECK TO BE DEPOSITED W BANKRUPTCY TRUSTEE UPON COMPLETION OF INSPECTIONS/DUE DILIGENCE & REMOVAL OF CONTINGENCIES. PROPERTY IS IN GOOD CONDITION & SOLD 'AS-IS' WITHOUT REPAIRS, WARRANTIES OR REPRESENTATIONS BY SELLER. ***SQUARE FOOTAGE IS ESTIMATED - BUYER TO CONFIRM THROUGH THEIR OWN INVESTIGATIONS***THE PURCHASER SHALL, AT THE PURCHASER'S SOLE EXPENSE, INSTALL ALL SMOKE AND CARBON MONOXIDE DETECTORS, IF ANY, AS MAY BE REQUIRED BY STATE OR LOCAL LAW. THE TRUSTEE IS NOT REQUIRED TO DELIVER TO THE PURCHASER A WRITTEN STATEMENT OF COMPLIANCE WITH ANY APPLICABLE STATE AND LOCAL LAW.***THE PURCHASER SHALL, AT PURCHASER'S SOLE EXPENSE, OBTAIN ALL PEST CONTROL INSPECTION REPAIRS THAT PURCHASER DEEMS APPROPRIATE.***IF ANY LOCAL ORDINANCE REQUIRES THAT THE PROPERTY BE BROUGHT INTO COMPLIANCE WITH MINIMUM ENERGY CONSERVATION STANDARDS AS A CONDITION OF SALE OR TRANSFER, THE PURCHASER SHALL COMPLY WITH AND PAY FOR THESE REQUIREMENTS AT PURCHASER'S SOLE EXPENSE.***THE BANKRUPTCY COURT SHALL HAVE EXCLUSIVE JURISDICTION TO RESOLVE ANY AND ALL DISPUTES.***

SALE CONTINGENT UPON BANKRUPTCY TRUSTEE APPROVAL, COURT CONFIRMATION & OVERBID PROCEDURES.***AFTER SHOWING ONLY YOU MAY REQUEST OFFER FORMS (AFTER SHOWING PROPERTY) BY CALLING OR TEXTING JENNIFER TOYAMA (714) 501-7132 (INCLUDE NAME, COMPANY, AND EMAIL ADDRESS).***