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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!
Property Type(s):
Commercial
| Last Updated | 8/12/2024 | Year Built | 1925 |
|---|---|---|---|
| Community | County Strip | County | Los Angeles |
Additional Details
| AREA | County Strip |
|---|---|
| HOA DUES | 0 |
| LOT | 7644 sq ft |
| LOT DESCRIPTION | Corner Lot, Near Public Transit, Value In Land |
| STORIES | 1 |
| ZONING | LCR2* |
Location
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Listed with Cal Mutual Inc
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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