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$52,000 PRICE REDUCTION! Year-End Opportunity - Explore Potential Bonus Depreciation Tax Benefits! Large 12-unit multifamily property totaling 11,980 SQFT, featuring two buildings, 12 assigned carport spaces, two community laundry rooms, and secure gated entry. All 12 units offer spacious 3-bedroom, 1.5-bath floor plans averaging nearly 1,000 SQFT each. The additional half-bath in every unit is a unique and highly desirable feature for tenants. Priced at an attractive 9.4 GRM, the property offers strong in-place income with significant built-in upside. An estimated 59% upside in rents brings the property to a projected 5.9 GRM and 11.7% cap rate at market rents. The property has 14 separate gas and electric meters, with additional potential to reduce utility expenses by implementing RUBS for water, sewer, and trash (buyer to verify). The property is well maintained, with a new roof (2021), fresh exterior paint (2026), several renovated units, and a completed SB 721 balcony inspection. Strategically located in the Harbor Gateway area of Torrance, across from Normandie Recreation Center. Property is subject to Los Angeles RSO.
Property Type(s):
Residential Income
| Last Updated | 10/26/2026 | Year Built | 1962 |
|---|---|---|---|
| Community | 122 - Harbor Gateway | County | Los Angeles |
Price History
| Prior to Oct 26, '26 | $3,150,000 |
|---|---|
| Oct 26, '26 - Today | $3,098,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Washer |
| AREA | 122 - Harbor Gateway |
| HEAT | Wall Furnace |
| LOT | 0.3445 acre(s) |
| LOT DIMENSIONS | 15005 |
| PARKING | Detached Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Buckingham Investments, 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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