1635 W Carson Street, Torrance, CA 90501

$1,125,000
List Price
$1,125,000
Status
ACTIVE
MLS#
DW22206240
Year Built
1946
Lot Size
5,600
Acres
0.12860000000000002
Lot Location
Level, Rectangular Lot
Days on Market
9
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Fully occupied mixed use building. The property consists of 1 restaurant unit of approximately 2,100 sq. ft. + 2 apartment units (1 x 2 bd 1 ba and 1 x 1 bd 1 ba). The property also has some parking on the side and rear of the lot (approximately 3-4 tandem spaces). Carson Street at this location has traffic counts of nearly 20,00 cars per day. Western Ave has traffic counts of over 30,000 cars per day. Highly visible building. 25% upside in rents. The apartment units are rented far below market. The property is priced below comps at $299 psf building and a 5.5% current cap rate. 7.2% pro forma cap rate. The property is located in the Harbor Gateway area of Torrance. Therefore, it is technically within the City of Los Angeles. This stretch of Carson Street is very busy with major retailers surrounding the property, including 7-Eleven, Waba Grill, Starbucks, Pizza Hut, Rite Aid, and many more.

Additional Information

Taxes
$14,062
Water
Public
Attached Structure
Detached
Number Of Units Total
6
Gross Scheduled Income
$82,800
Operating Expense
20662

Listing courtesy of Listing Agent: Christopher Comfort (ccomfort@gowithapex.com) from Listing Office: Apex Properties.

Mortgage Calculator

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Calculator source: Real Geeks

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.