3444 Emerald ST, Torrance, CA 90503
3444 Emerald ST, Torrance, CA 90503
3444 Emerald ST, Torrance, CA 90503
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$5,699,999
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0.51 Acres Lot
Active

3444 Emerald ST Torrance, CA 90503

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Herb Rim

Herb Rim

+1(818) 699-9179

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by John 'Jack' McCann Lyon Stahl Investment Real Estate, Inc. #01963932

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3444 Emerald ST

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Herb Rim

Herb Rim

Realtor License ID: 01870707

+1(818) 699-9179

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