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$5,699,999
Est. payment /mo
0.51 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26916397
HOA Y/N No
Year Built 1962
Lot Size 0.510 Acres
Property Description
3444 Emerald Street is a 1962-built, 20-unit apartment building of wood frame and stucco construction on a raised foundation, containing 16,201 rentable square feet on a 22,228 square foot lotacross (1) 3- Bed / 2- Bath, (5) 2-Bed / 1-Bath, (13) 1-Bed / 1-Bath, and (1) Studio. Gas and electric are separately metered and paid by tenants, and water, sewer and trash are owner paid. Theproperty is gated at the front and rear entries, includes sprinkler systems, and offers 20 parking spaces, a pool, owner-owned laundry with two washers and two dryers, and most units have apatio. Building systems include copper plumbing throughout and two 100-gallon water heaters. Recent work includes new hardscape and replacement of several dual pane windows. A largemanager's storage room can be converted into an additional apartment/ADU. The building is 95% occupied, with the studio tenant vacating at the end of August. At the concluded market rents of$47,575 per month the property proformas to a 6.5% cap rate and a 9.78 GRM.
Location
State CA
County Los Angeles
Area 126 - Central Torrance
Zoning TORR-MH
Interior
Fireplace No
Laundry Common Area
Exterior
Community Features Gated
Total Parking Spaces 20
Building
Lot Description Front Yard, Sprinkler System
Story 2
Water Public
Others
Tax ID 7524013002
Security Features Gated Community,Resident Manager
Financing Conventional
Special Listing Condition Standard
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Listed by John 'Jack' McCann Lyon Stahl Investment Real Estate, Inc. #01963932
Nearby Locations
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