20414 Kenwood, Torrance, CA 90502
List Price: $975K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1925
Lot Size: 7,642 sq ft
Private Pool: Yes
MLS Number: PW26130010
About This Property
20414 Kenwood is an excellent acquisition opportunity for any investor seeking both short and long-term upside potential in the desirable inland South Bay rental market. Current rents present 30 percent rental upside, and the property’s underutilized corner lot may offer the potential to develop five one-bedroom ADU’s, effectively doubling the property’s unit count and massively growing income potential (buyer to verify). 20414 Kenwood Avenue currently consists of three single-story buildings with a diverse mix of three studios, one one-bed/one-bath and one two-bed/one-bath unit. The fenced lot features yard and patio space, as well as two parking spaces, and the rear section of the lot is undeveloped. The property has been well-maintained and boasts new siding, windows, and doors. A new investor could explore adding laundry facilities to further increase tenant demand and income potential. The property is located in the Harbor-Gateway area of Torrance and considered part of unincorporated Los Angeles County. This location is conveniently near freeways, major employers, and retailers, with easy access to beach cities; within just one mile tenants can access the 110 and 405 Freeways, Harbor-UCLA Medical Center (major employer), and Carson Towne Center. This area retains a strong tenant base, with an average household income within one mile over $107,000.
Listing provided by: Steven Bogoyevac DRE #01332755 562-436-5800 steve.bogoyevac@marcusmillichap.com, Steven M. Bogoyevac, Broker