This 9-unit apartment building is an opportunity for an investor to purchase a non-rent controlled multifamily property in the dense rental market of North Torrance. The property boasts a stabilized income stream with long term upside as the surrounding area continues to appreciate. Located less than 1.4 miles away from El Camino College. The property is conveniently located near popular retail shops and restaurants including King's Hawaiian and Nijiya Market. Tenants also appreciate the easy access to the 405, 91, and 110 Freeways.The property consists of a desirable unit mix of (8) two bedroom/one bathroom and (1) single unit. Two-bedroom units in this immediate area are currently renting from $1800 to $1,900. There is a laundry area located-onsite. The property has a carport with 9 spaces and ample street parking. All the units except for the single are individually metered for gas and electricity.
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