Skip To Content

    5235 Lorna Street

    Torrance, CA 90503
    • $3,150,000
    • STATUS: Active
    • ON SITE: 50 days
    • ID#: SB21052736
    UPDATED: 80 min ago
    $3,150,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,512
      SQFT
    • $571
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Rare to Market West Torrance Apartment. West side location very near Beach Cities and King Harbor Marina. Quite stable location nestled in the heart of Westside Torrance. Located adjacent to the new Providence Little Company of Mary Medical Center - Torrance Advanced Care Center Total of 9 Units.Unit Mix: (8) Eight One Bed / One Bath Units and (1) One Two Bed / One Bath Unit.3.7 CAP on Existing Income / 4.3 Cap Proforma (Upside in current rents). Perfect 1031 Exchange Investment Property. One Unit has been recently renovated. The balance are in standard condition.DO NOT DISTURB TENTANTS! All inspections subject to accepted offer. Please include proof of funds with all offers.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-06T14:37:43.627. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/115169865
    Print Image

    5235 Lorna Street Torrance, CA 90503

    • Price: $3,150,000
    • Status: Active
    • Updated: 80 min ago
    • ID#: SB21052736
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    5,512
    SQFT
    $571
    $/SQFT
    1960
    Built
    Neighborhood:
    131 - West Torrance
    County:
    Los Angeles
    Area:
    131 - West Torrance
    Property Description
    Rare to Market West Torrance Apartment. West side location very near Beach Cities and King Harbor Marina. Quite stable location nestled in the heart of Westside Torrance. Located adjacent to the new Providence Little Company of Mary Medical Center - Torrance Advanced Care Center Total of 9 Units.Unit Mix: (8) Eight One Bed / One Bath Units and (1) One Two Bed / One Bath Unit.3.7 CAP on Existing Income / 4.3 Cap Proforma (Upside in current rents). Perfect 1031 Exchange Investment Property. One Unit has been recently renovated. The balance are in standard condition.DO NOT DISTURB TENTANTS! All inspections subject to accepted offer. Please include proof of funds with all offers.
    Exterior Features

    Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 9 Parking Total 9 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Cap Rate 3.7 Common Interest None Community Features BikingSuburbanWater Sports Electric Expense 614 Garage YN Yes Gross Income 169860 Gross Scheduled Income 169860 Insurance Expense 1929 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Limited Service Listing Terms Cash To New Loan Net Operating Income 115953 New Construction YN No New Taxes Expense 37800 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 48811 Other Expense 1586 Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 14105 Trash Expense 2259 Vacancy Allowance Rate 3 Water Sewer Expense 4748 Water Source Public Zoning Torr-Md

    Listing provided courtesy of Brett O'keefe of Re/Max Estate Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-06T14:37:43.627. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365284247-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365284247-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365284247-1.jpg
    Logo
    The DeBonis Team | Keller Williams Realty
    19040 Van Buren Boulevard #107
    Riverside CA, 92508