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$ 4,450,000
Est. payment | /mo
0.32 Acres Lot
$ 4,450,000
Est. payment | /mo
0.32 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25049003
HOA Y/N No
Year Built 1988
Lot Size 0.321 Acres
Property Sub-Type Apartment
Property Description
Located in an outstanding location in Torrance PO, 1652 W. 204th Street presents a rare opportunity to acquire a well-maintained, 11-unit multifamily property in one of Los Angeles County's most desirable rental markets. On the market for the first time since it's construction, this asset is being sold by it's original
builder and has been thoughtfully maintained over the years. The property offers investors a stable income stream in an area known for its strong tenant demand. The property consists of (9) three-bedroom units, (1) two-bedroom unit, and (1) one-bedroom unit, providing a well-balanced unit mix that appeals to a wide range of renters. Each unit is separately metered and features its own APN, offering future flexibility for a potential condo
conversion strategy (Buyer to verify). The demand for homeownership in Torrance remains strong, and the ability to sell units individually in the future may presents an unique option for long-term investment planning. Torrance continues to experience significant growth, with major redevelopment projects, including the transformation of the South Bay Galleria into a premier mixed-use destination, further enhancing the area's desirability. The Del Amo Fashion Center, one of the largest shopping malls in the United States, provides residents with an array of retail, dining, and entertainment options, while the city's well-regarded school district and expansive park system contribute to its longstanding appeal. Offered at $4,450,000, this property provides a compelling investment in a market with consistently high occupancy rates and strong rental demand. With its prime location, established rental history, and future condo conversion potential, this is an exceptional opportunity to acquire a multifamily asset in a highly sought-after area of the South Bay.
builder and has been thoughtfully maintained over the years. The property offers investors a stable income stream in an area known for its strong tenant demand. The property consists of (9) three-bedroom units, (1) two-bedroom unit, and (1) one-bedroom unit, providing a well-balanced unit mix that appeals to a wide range of renters. Each unit is separately metered and features its own APN, offering future flexibility for a potential condo
conversion strategy (Buyer to verify). The demand for homeownership in Torrance remains strong, and the ability to sell units individually in the future may presents an unique option for long-term investment planning. Torrance continues to experience significant growth, with major redevelopment projects, including the transformation of the South Bay Galleria into a premier mixed-use destination, further enhancing the area's desirability. The Del Amo Fashion Center, one of the largest shopping malls in the United States, provides residents with an array of retail, dining, and entertainment options, while the city's well-regarded school district and expansive park system contribute to its longstanding appeal. Offered at $4,450,000, this property provides a compelling investment in a market with consistently high occupancy rates and strong rental demand. With its prime location, established rental history, and future condo conversion potential, this is an exceptional opportunity to acquire a multifamily asset in a highly sought-after area of the South Bay.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description Street Level
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 7351006041
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Josh Cohen • Keller Williams South Bay • 310-480-2130
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Heiner And Natalia Escobar
REALTORS® | Lic# 01758326 | 01751260