775 Portola Avenue Torrance, CA ^$ 1,695,000

775 Portola Avenue

^$ 1,695,000

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775 Portola Avenue

Torrance, CA, 90501

^$ 1,695,000

Bedrooms1 Baths1.0 Sq 3,650

Monthly Estimate*

^$ 11,840

Listed by Lyon Stahl Investment Real Estate, Inc.

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Multi-Family Home for sale in Torrance, CA

for $1,695,000 with 1 bedroom and 1 full bath. This 3,650 square foot home was built in 1957 on a lot size of 0.1286.

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.

Multi-Family Active

Price

^$ 1,695,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.1286

Year Built

1957

Town/City

Torrance

County/Region

Los Angeles

MLS | Web ID

SB24070404

Days on Market

Features

General

Sewer PublicSewer

Zoning TORR-MD

Garage Spaces 6.0

Pool Features None

Year Built 1957

Property SubType Apartment

Gross Income 114780.0

Community Features Urban

County Los Angeles

Net Operating Income 72279.0

Operating Expense 39058.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status ActiveUnderContract

Directions 775 Portola Ave

City Torrance

Entry Location Front

View Y/N N

Senior Community Y/N N

Total Units 6

MLS Area 134 - Old Torrance

Lot Size Square Feet 5600.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Portola

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 22

Building Area Units SquareFeet

Standard Status ActiveUnderContract

Year Built Source Assessor

Tax Lot 14

Property Sub Type Additional Apartment

Expected Active Date 2024-04-10

Cap Rate 4.26

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 6.0

Lot Size Area 5600.0

Number of Buildings 1

Spa N

Building Area Total 3650.0

Lot Size Acres 0.1286

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 6

Number of Separate Electric Meters 6

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 775

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 425-9838

Phone

Affordability Calculator

$11,840

Per Month

Monthly Principal & Interest: $11,840
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Torrance, CA

Average List Price ^$1,772,500

Percent of Sale Price 5%

About Torrance, CA

145,215 Population

5% Since 2002

^$83,626 Median Income

43.39 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/10/2024	$1,695,000		Listed Price

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775 Portola Avenue, Torrance, CA, 90501 is a Multi-Family Home for sale at $1,695,000 with 3,650 sqft and a lot size of 0.1286. 775 Portola Avenue has 1 bedrooms, 1.0 baths, and was built in 1957. The property's zip code is 90501 which is in Torrance, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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775 Portola Avenue

Multi-Family Home for sale in Torrance, CA

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