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Torrance, CA 90501 775 Portola Avenue

$1,695,000

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Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
  • MLS# SB24070404
  • 04/09/2024
  • Request Tour
  • Request Info
  • BedBeds • 1
  • BathBaths • 1
  • FootageSQFT • 3,650
  • GarageGarage • 6

Home Details

775 Portola Ave is an amazing opportunity to own six units offered at only $282k/unit. The subject property has over 50% upside in rental income. Whether you are long term or a value-add investor, the subject property is the perfect assets to help achieve your investment goals. 775 Portola Ave features a unit mix of (6) 1-Bed/1-Bath - each unit features 2 parking space (1 garage and 1 tandem), as well as washer/dyer hookups. Once fully rented for market and ADU is constructed ($300k), the property will operate at a 8.61% CAP and 7.64 GRM. This investment is located near Old Torrance- one of the more desirable pockets in Torrance. There are many shops and restaurants close by, as well as Del Amo Shopping Center. One of the highlights of Torrance is its excellent education system. The city is home to several top-rated public and private schools, providing residents with quality education options for their children.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556

Interior Features for 775 Portola Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 775 Portola Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.26
Carport Y/NNo
CityTorrance
Community FeaturesUrban
CountyLos Angeles
Days on Market22
Directions775 Portola Ave
Electric Expense0.0
Entry LocationFront
Expected Active Date 2024-04-10
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income114780.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet5600.0
MLS Area134 - Old Torrance
MobileHomeRemainsYNNo
Net Operating Income72279.0
New ConstructionNo
Operating Expense39058.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Street NamePortola
Tax Lot14
Total Units6
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1957
Year Built SourceAssessor
ZoningTORR-MD

Exterior for 775 Portola Avenue

Building Area Total3650.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1286
Lot Size Area5600.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,695,000
MLS#SB24070404
List Date 04/09/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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*According to the National Association of Realtors