CA > Torrance
Torrance, CA 90503,3536 Garnet ST
Torrance, CA 90503,3536 Garnet ST
Torrance, CA 90503,3536 Garnet ST
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$4,400,000
Est. payment /mo
0.4 Acres Lot
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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SB25162583

HOA Y/N No

Year Built 1961

Lot Size 0.400 Acres

Property Sub-Type Apartment

Property Description

This is a multifamily property consist of 18 units, centrally located in a prime area near Torrance City Hall, Del Amo Mall, and the Torrance Financial District. The property is located in a desirable residential neighborhood, with surrounding streets lined with well-maintained family residences and multifamily properties, adding to the overall appeal and long-term investment stability of the area. The property features carport parking and a large parking area, providing convenience for residents. There is a tremendous value-add opportunity for investors to renovate the units and bring rental rates to market levels, creating the potential to accelerate appreciation and increase cash flow in this high-demand location.A strategic opportunity for portfolio growth through a value-add multifamily asset. The unit mix consists of 5 studios, 12 one-bedroom units, and 1 two-bedroom unit. In addition, the building features leased laundry machines conveniently located on the first floor, offering residents easy access to laundry facilities while providing supplemental income to ownership and contributing to increased net operating income (NOI). By upgrading and renting the units at market rates, along with implementing operational improvements like laundry income, investors will improve the property's NOI, resulting in a higher capitalization rate (cap rate) and increased property valuation over time.

Location

State CA

County Los Angeles

Area 131 - West Torrance

Zoning TORR-MH

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 18.0

Garage Description 18.0

Pool None

Community Features Sidewalks

Total Parking Spaces 18

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community Yes

Tax ID 7524026018

Energy Description 9396.0

Acceptable Financing Contract

Listing Terms Contract

Special Listing Condition Standard

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CRMLS – RECore
Listed by Edgard Asensio Asensio Property Management Inc asensiomngt@aol.com
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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