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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 lotacross (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. Theproperty 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 apatio. 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 largemanager'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.
Property Type(s):
Commercial
| Last Updated | 8/31/2026 | Year Built | 1962 |
|---|---|---|---|
| Community | 126 - Central Torrance | County | Los Angeles |
Additional Details
| AREA | 126 - Central Torrance |
|---|---|
| LOT | 0.5104 acre(s) |
| LOT DESCRIPTION | Front Yard |
| LOT DIMENSIONS | 22233 |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Lyon Stahl Investment Real Estate, 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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