Nestled amidst the vibrant commercial nexus of Los Angeles County, this expansive parcel of land spanning 26,852 square feet presents a rare and refined opportunity. Situated in proximity to thriving offices, major freeways, and an expansive shopping center, its location embodies prime real estate desirability. The predominantly flat terrain of this parcel not only simplifies logistics but also enhances the allure of investment potential. For those with a keen eye for opportunity and a penchant for sophisticated ventures, this offering beckons as a beacon of potential prosperity.
20414 Kenwood is an exciting opportunity to invest in a 5 unit multifamily in the beautiful South Bay city of Torrance, priced at only $300,000 per door for recently updated units. The property has a current 4.04% cap rate, but rents are below market and there is potentially room to add more units for even more upside! The property offers long-term value as many lower income areas in the South Bay are rapidly gentrifying. All apartments have been lightly updated, and tenants are stable and largely maintenance free. Units 2 & 4 have laundry hookups, Units 3 & 5 can be set up, and unit 1 does not have any laundry hookups at all. There is a back area that can be converted to additional units and more tenant services. Please verify all zoning and permitting with the city if you plan on adding units or renovating. This property has loads of upside potential or can possibly be used as an owner occupied residence while your tenants help yo pay off the property!!! The property is just minutes from the 405 and the 110. Also a very drivable distances to Long Beach and LAX. The property is minutes away from Harbor UCLA Medical Center, Victoria Golf Course, Walmart, Starbucks, many grocery stores, and several commercial and major industrial business centers. Ideal for tenants looking for close proximity to workplaces in the neighborhood. Not many apartments come on sale in the neighborhood. Please DO NOT visit premises without setting up and appointment first with the listing agent and been prequalifed for a loan with proof of funds. This is an ABSOLUTE AS IS Sale. Please contact agent for rent roll, operating statements and questions!
High Visibility & Traffic along Torrance Blvd Yard Ally Access Zone LCC3 Unincorporated Los Angeles County
Looking for a new business that is well established. Profitable, busy foot traffic, and turn key Mart/money transfer store is looking for a new owner. Open 6 days a week (closed Sunday), it has lotto, some groceries, soda, and has ample parking. No beer/wine. Call today to schedule an appointment.
The median home value in Torrance, CA is $558,900. This is lower than the county median home value of $607,000. The national median home value is $219,700. The average price of homes sold in Torrance, CA is $558,900. Approximately 66.28% of Torrance homes are owned, compared to 28.26% rented, while 5.46% are vacant. Torrance real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Torrance real estate agent to arrange a tour today!
Torrance, California 90502 has a population of 22,260. Torrance 90502 is less family-centric than the surrounding county with 23.35% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Torrance, California 90502 is $68,496. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Torrance 90502 is 44.8 years.
The average high temperature in July is 76.8 degrees, with an average low temperature in January of 46.4 degrees. The average rainfall is approximately 13.9 inches per year, with 0 inches of snow per year.