20414 Kenwood Avenue, Torrance
Torrance Home For Sale
20414 Kenwood is an exciting opportunity to invest in a 5 unit multifamily in the beautiful South Bay city of Torrance, priced at only $300,000 per door for recently updated units. The property has a current 4.04% cap rate, but rents are below market and there is potentially room to add more units for even more upside! The property offers long-term value as many lower income areas in the South Bay are rapidly gentrifying. All apartments have been lightly updated, and tenants are stable and largely maintenance free. Units 2 & 4 have laundry hookups, Units 3 & 5 can be set up, and unit 1 does not have any laundry hookups at all. There is a back area that can be converted to additional units and more tenant services. Please verify all zoning and permitting with the city if you plan on adding units or renovating. This property has loads of upside potential or can possibly be used as an owner occupied residence while your tenants help yo pay off the property!!! The property is just minutes from the 405 and the 110. Also a very drivable distances to Long Beach and LAX. The property is minutes away from Harbor UCLA Medical Center, Victoria Golf Course, Walmart, Starbucks, many grocery stores, and several commercial and major industrial business centers. Ideal for tenants looking for close proximity to workplaces in the neighborhood. Not many apartments come on sale in the neighborhood. Please DO NOT visit premises without setting up and appointment first with the listing agent and been prequalifed for a loan with proof of funds. This is an ABSOLUTE AS IS Sale. Please contact agent for rent roll, operating statements and questions!
Property Details
Additional Information
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- City:
- Torrance
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- County:
- Los Angeles
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- Zip:
- 90502
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- MLS® #:
- 24393547
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- Lot Size:
- 0.18
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of August 11th, 2024 at 12:30pm PDT. 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.