1652 W 204th Street

Description

Located in an outstanding location in Torrance PO, 1652 W. 204th Street presents a rare opportunity to acquire a well-maintained, 11-unit multifamily property in one of Los Angeles Countys most desirable rental markets. On the market for the first time since it's construction, this asset is being sold by it's originalbuilder and has been thoughtfully maintained over the years. The property offers investors a stable income stream in an area known for its strong tenant demand. The property consists of (9) three-bedroom units, (1) two-bedroom unit, and (1) one-bedroom unit, providing a well-balanced unit mix that appeals to a wide range of renters. Each unit is separately metered and features its own APN, offering future flexibility for a potential condoconversion strategy (Buyer to verify). The demand for homeownership in Torrance remains strong, and the ability to sell units individually in the future may presents an unique option for long-term investment planning. Torrance continues to experience significant growth, with major redevelopment projects, including the transformation of the South Bay Galleria into a premier mixed-use destination, further enhancing the area's desirability. The Del Amo Fashion Center, one of the largest shopping malls in the United States, provides residents with an array of retail, dining, and entertainment options, while the citys well-regarded school district and expansive park system contribute to its longstanding appeal. Offered at $4,450,000, this property provides a compelling investment in a market with consistently high occupancy rates and strong rental demand. With its prime location, established rental history, and future condo conversion potential, this is an exceptional opportunity to acquire a multifamily asset in a highly sought-after area of the South Bay.