Opening page…
Closed
- Listed price
- $3,550,000
- Listed Mar 30, 2017
- Sold price
- $3,500,000
- Sold Oct 20, 2017
14,400 sqft lot|1986 Built|144 MLS days on market
1351 W 228th St, Torrance, CA 90501
Property Description
5.54% Pro Forma CAP Rate!! Property sits on a 14,400 SF double lot. Current rents are over 30% below market. OM, rent roll and income statement are attached in the supplements. Average CAP rate sold in area is 4.45%. Come see this well maintained 17 unit, NO RENT CONTROL, multifamily apartment building located in the high demand area of Harbor Gateway in the Torrance PO. Built in 1986 with a mix of 1 studio, 9 single bedroom units, 5 2 bedroom / 1.5 baths and 2 2 bedroom / 1 bath units. This well maintained garden property features an onsite laundry facility, security gate, gated courtyard and ample parking (10 covered spaces and 18 open spaces). The units are individually metered for gas and electricity. Gas wall heaters and gas stoves are provided for each unit. The roof was replaced in 3 phases between 2012 and 2015. Entire building was painted in 2016. Full cooper plumbing. No A/C.
Listing agent: Brad PetersenDRE #01724042bkp81@yahoo.com, Listing office: Pay It Forward Realty
MLS data updated 11/4/2026, 8:40:08 AM PT
Source: CRMLSMLS #: OC17055716
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$3,500,000
Oct 20, 2017
Available records32017
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90501 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90501 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.