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1568 W Carson Street, Torrance
$3,400,000
23 Beds ⋅ 23 Baths ⋅ 26998177 MLS ⋅ Active Status
Lyon Stahl Investment Real Estate is pleased to present 1568 W Carson Street, a 19-unit multifamily property offering immediate income, substantial rental upside, and the opportunity to participate in a larger three-property assemblage. The property is conveniently located near Harbor-UCLA Medical Center, one of the South Bay's major medical and employment centers, providing access to a significant base of healthcare professionals, staff, patients, and visitors. The property is not subject to the Los Angeles Rent Stabilization Ordinance (LA RSO). It is being offered individually or together with the adjacent apartment buildings at 1554 and 1562 W Carson Street, creating the opportunity to acquire a contiguous 41-unit portfolio. Constructed in 1986, 1568 W Carson Street is the largest and newest of the three properties. It contains 13,716 square feet of building area on an 11,021-square-foot lot. The unit mix consists of 15 one-bedroom/one bathroom units and four two-bedroom/two-bathroom units. The property provides 29parking spaces and generates additional income from an on-site laundry facility. Offered at $3,400,000, the property is priced at $178,947 per unit and $248 per square foot. After correcting Unit 4 to $1,850 per month, current scheduled apartment rent totals $26,421 per month. The property produces an estimated 5.3% current cap rate and 10.6 GRM, including laundry income. Current apartment rents average $1,391 per unit, compared with modeled market rents averaging $2,034 per unit. The rent roll includes a two-bedroom manager unit at a substantially discounted rent, creating another source of long-term income potential. An alternative underwriting scenario assumes allowable increases of up to 8.7% for eligible tenants, subject to the modeled market-rent ceilings. Under this scenario, potential scheduled apartment rent increases to $28,462 per month and the estimated cap rate improves to 6.0%. These increases have not been served and should not be treated as current income. Approximately 36% additional rental upside remains after the modeled increases. With a strong unit mix, ample parking, laundry income, a 1986 construction date, and meaningful rent-growth potential, 1568 W Carson Street offers compelling standalone economics. Its location beside 1554 and 1562 W Carson Street also gives a buyer the ability to control the entire contiguous 41-unit offering. DEVELOPMENT OPPORTUNITY - The subject properties comprise 33,240 SF (180' x 185.07') zoned C2-1, with a General Plan land use designation of Neighborhood Office Commercial. The property qualifies for several state and local density-bonus programs that materially increase its development potential above base zoning. A feasibility study has indicated the potential to develop 135 mixed income units. Contact LA1 for Offering Memorandum.

1568 W Carson Street, Torrance
1558 W 214th Street, Torrance
$1,499,000
DW26215656 MLS ⋅ Active Status
***2 HOMES ON A LOT*** Welcome to this exceptional Torrance property featuring a beautifully renovated single-family residence and a newly constructed detached ADU, offering the perfect combination of luxury, flexibility and income potential. The front home offers 4 bedrooms and 3 bathrooms, including two spacious primary suites, and has been completely rebuilt to the studs with all permitted upgrades. All major systems are brand new, including plumbing, electrical, roof, windows, drywall, Central AC and heating, and other major mechanical systems. The detached 2026 ground up ADU features 3 bedrooms, 2 bathrooms, a private balcony, and a fully paid off solar system, making it ideal for extended family, guests, or rental income. Both units offer washer and dyer and hookups and both homes come equipped with new appliances. With a combined total of 7 bedrooms and 5 bathrooms, this turnkey property offers endless possibilities in a desirable Torrance neighborhood. Near major business and retailers include In-N-Out, Chik-fil-A, Smart-N-Final, Lowes, Starbucks, and Walgreens.

1558 W 214th Street, Torrance
1444 W 227th Street Unit 11, Los Angeles
$469,000
2 Beds ⋅ 2 Baths ⋅ 26866081 MLS ⋅ Active Status
Welcome to 1444 W 227th St #11, a turn-key, two-story townhome-style condo located within the gated Casa Del Verde community. Featuring 2 bedrooms and 1.5 bathrooms across approximately 1,097 square feet, this multi-level unit offers ideal privacy with no neighbors directly above or below. The main level boasts a bright, open floor plan seamless for daily living and entertaining, along with a convenient main-floor half-bath. The updated and well-maintained kitchen is equipped with granite countertops, stainless steel appliances, updated cabinetry, and functional counter space opening to the living and dining areas. Step outside to a private, enclosed patio off the main level perfect for relaxing or outdoor dining. Upstairs features two comfortable bedrooms with generous closet space and a full shared bathroom. Additional features include in-unit laundry space and two assigned tandem parking spaces (29p and 41p) in a secure, gated subterranean garage. Prime South Bay location positioned close to the I-110 and I-405 freeways, Harbor-UCLA Medical Center, local parks, Del Amo Fashion Center, and South Bay beaches.

1444 W 227th Street Unit 11, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.