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16910 16924 Crenshaw Boulevard

Torrance, CA 90504

– beds
– baths
– sqft
~1/2 acre lot
1959 build
– on site

Price reduced by $150,000! Luca is proud to present this 29-unit investment opportunity in Torrance. The property is situated in an outstanding Torrance location and is NOT subject to LA Rent Control and instead falls under AB-1482. The asset has a unit mix of (2) 2-bedroom/1-bathroom units, (3) 1-bedroom/1-bathroom units, (15) studio/1-bathroom units and (9) bachelor/1-bathroom units. The property is situated on two separate, adjacent parcels - each lot with its own assessor parcel number (APN). The offering is priced at only $193,103 per unit. The property features a total of 12,952-SF of living area and is situated on a large 19,824-SF corner lot.The asset is being offered at a 5.69% current cap rate and 11.67 current GRM with upside to a 7.97% pro-forma cap rate. Each unit has individual hot water heaters and both buildings are all electric. 16924 Crenshaw has a newer roof. Furthermore, there is a courtyard area with a pool, 29 parking spaces, and an on-site laundry facility with two washers and two dryers.

Listed By CRMLS_CA / Gianluca Jacoli / Shield CRE, Inc.

Last checked: Checking… • Last updated Nov 2, 2024 •

MLS# 24436973 —

The Building

Year Built:

1959
Year Built Source:

Estimated
New Construction:

No
Building Area Total:

12952.00
# of Buildings:

2
Total Number Of Units:

29
Stories Total:

2
# of Separate Gas Meters:

29
# of Separate Electric Meters:

29

Interior

Levels:

Two
Laundry:

Individual Room
Laundry:

1

Location

Directions:

North of 170th Street, South of 168th Street, East of Yukon Avenue, West of Van Ness Avenue
Latitude:

33.87689000
Longitude:

-118.32612800

The Property

Property Type:

Residential Income
Zoning:

TORR-MD
Lot Size Area:

19824.0000
Lot Size Acres:

0.4551
Lot Size SqFt:

19824.00
Lot Size Source:

Estimated
Additional Parcels:

Yes

Listing Agent

Contact info:

Taxes

Tax Rate:

1.25

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4093016042

Appliances

Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Covered
Parking Spaces:

29.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/1/24 Nov 1, 2024	Price Changed	CRMLS_CA	$5,600,000	-2.6%
10/25/24 Oct 25, 2024	Listed / Active	CRMLS_CA	$5,750,000
10/15/24 Oct 15, 2024	Sold Subject To Contingencies	CRMLS_CA	$5,750,000

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This multifamily located in North Torrance, Torrance, CA 90504 is currently for sale for $5,600,000. 16910 16924 Crenshaw Boulevard is a – square foot multifamily with – beds and – baths that has been on Estately for 69 days. 16910 16924 Crenshaw Boulevard is in the North Torrance neighborhood of Torrance and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Casimir Middle School, Lincoln Elementary School, and North High School.

Listing Courtesy of: CRMLS_CA and Shield CRE, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 21:18 on Nov 14.

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.