3706 Redondo Beach Blvd
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3706 Redondo Beach Blvd
4 Unit Apartment Building $1,750,000 ($437,500/Unit) 5% Cap Rate Torrance, CA 90504
Investment Highlights
- Location. Well Maintained. Garages. Cleanliness. Windows replaced.
Executive Summary
Very well managed 4-unit property. All units are occupied. Great location.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$111,150
|
$31.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,150
|
$31.61
|
| Taxes |
$7,000
|
$1.99
|
| Operating Expenses |
$4,620
|
$1.31
|
| Total Expenses |
$11,620
|
$3.30
|
| Net Operating Income |
$99,530
|
$28.31
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $111,150 |
| Annual Per SF | $31.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $111,150 |
| Annual Per SF | $31.61 |
| Taxes | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.99 |
| Operating Expenses | |
|---|---|
| Annual | $4,620 |
| Annual Per SF | $1.31 |
| Total Expenses | |
|---|---|
| Annual | $11,620 |
| Annual Per SF | $3.30 |
| Net Operating Income | |
|---|---|
| Annual | $99,530 |
| Annual Per SF | $28.31 |
Property Facts
| Price | $1,750,000 | Building Class | C |
| Price Per Unit | $437,500 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,516 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Price | $1,750,000 |
| Price Per Unit | $437,500 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,516 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.14/1,000 SF |
Unit Amenities
- Heating
- Eat-in Kitchen
- Kitchen
- Oven
- Range
- Tub/Shower
- Window Coverings
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+4 | 4 | $2,400 | 800 |
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PROPERTY TAXES
| Parcel Number | 4087-002-006 | Total Assessment | $1,172,383 |
| Land Assessment | $730,532 | Annual Taxes | $7,000 ($1.99/SF) |
| Improvements Assessment | $441,851 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4087-002-006
Land Assessment
$730,532
Improvements Assessment
$441,851
Total Assessment
$1,172,383
Annual Taxes
$7,000 ($1.99/SF)
Tax Year
2024
zoning
| Zoning Code | TORR-MH |
| TORR-MH |
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3706 Redondo Beach Blvd
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