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Listed by Amy Weber • COMPASS
$2,800,000
Est. payment /mo
7,006 SqFt
UPDATED:
02/24/2025 09:38 PM
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 7,006 sqft
Price per Sqft $399
MLS Listing ID CRP1-20966
HOA Y/N No
Originating Board Datashare California Regional
Year Built 2024
Lot Size 7,006 Sqft
Property Sub-Type OTHER
Property Description
This 2025 Brand new construction, modern multi-unit property offers incredible potential for investors seeking high-quality units in a rapidly appreciating area without the constraints of rent control. With two of the five units designated as affordable housing, the property provides long-term appreciation, tax benefits, and an unparalleled low-risk investment opportunity. Situated in a coveted Opportunity Zone, this asset represents a rare chance to secure a prime piece of real estate at an excellent price. The property sits on a 7,006 sqft lot with a total living space of 9,000 sqft. It features 18 bedrooms and 18 bathrooms across five luxury units. Tenants pay their own utilities, and the property is equipped with paid-off solar for significant energy savings. Two separate driveways, six parking spaces, and a two-car garage provide added convenience for both tenants and owners. Currently 85% completed, the property is expected to be ready for final completion and a Certificate of Occupancy in approximately 60 days. This presents a great opportunity to acquire a property just before it reaches full occupancy and maximizes its investment potential. Located near the vibrant Old Town Torrance, residents will enjoy easy access to high-end restaurants, trendy shops, and local amenit
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
View None
Building
Lot Description Other
Water Public
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