3711 Artesia Blvd, Torrance, CA 90504

Property Description

The subject property is 14 units located in highly desirable North Torrance. The unit mix consists of 13-2BR/1BA and 1-1BR/1BA. There is significant upside that can be realized by a hands on investor as similar 2BR units in the area command rent as high as $1,800. Using a conservative market rent of $1,550 the property would provide a 5% cash on cash return with a 40% down payment. There is an onsite laundry facility and ample parking, averaging over 2 spaces per unit (combination of garages and open parking.) The units are individually metered for gas and electricity keeping operating costs in check. Additionally the property is professionally managed and is in very good condition with virtually zero deferred maintenance.
 
 3711 Artesia Blvd is located in North Torrance and just less than a mile away from Redondo Beach. The property is close across the street from McMaster Park. The 405 is also nearby allowing tenants easy freeway access. Also nearby is the South Bay Galleria with many major national retailers.