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2144 W 182nd St

7 Unit Apartment Building $3,812,994 CAD ($544,713 CAD/Unit) 3.79% Cap Rate Torrance, CA 90504

Investment Highlights

  • Highly desirable 7-unit building located in the heart of North Torrance
  • Well-maintained with over 6,800 Sqft of living space, featuring five garage spaces and two covered carports
  • Optimal mix of four 2-bedroom units and three 1-bedroom units

Executive Summary

Discover this highly desirable 7-unit building located in the heart of North Torrance. Boasting an optimal mix of four 2-bedroom units and three 1-bedroom units, all currently leased, this property promises immediate income generation. Recent exterior painting and refurbished staircase railings and back patio areas have enhanced tenant satisfaction, reflecting a commitment to property upkeep and tenant comfort. Unit includes a mix of spacious 2-bed/2-bath units, including one with a fireplace and another upgraded to feature engineered flooring, potentially convertible into a 3-bedroom layout. Additionally, there are three large 1-bed/1-bath units on the second floor. Well-maintained with over 6,800 Sqft of living space, featuring five garage spaces and two covered carports. Situated on a corner lot at the intersection of 182nd St and Van Ness Ave, the property enjoys proximity to essential amenities such as the Nijiya Japanese market, transportation hubs, shopping centers, schools, and places of worship. Convenient access to major freeways including the 405 and 110, ensuring ease of commute for tenants. With a history of consistent occupancy and a strong rental demand evidenced by all units almost always rented, this property presents a compelling investment opportunity in a sought-after location. Don't miss out on this rare investment opportunity!

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $240,839 $35.41
Other Income $15,309 $2.25
Vacancy Loss - -
Effective Gross Income $256,148 $37.66
Taxes - -
Operating Expenses - -
Total Expenses $96,779 $14.23
Net Operating Income $159,369 $23.43

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $240,839
Annual Per SF $35.41
Other Income (CAD)
Annual $15,309
Annual Per SF $2.25
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $256,148
Annual Per SF $37.66
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $96,779
Annual Per SF $14.23
Net Operating Income (CAD)
Annual $159,369
Annual Per SF $23.43

Property Facts

Price $3,812,994 CAD
Price Per Unit $544,713 CAD
Sale Type Investment
Cap Rate 3.79%
Gross Rent Multiplier 14.38
No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Low Rise
Building Class C
Lot Size 0.18 AC
Building Size 6,802 SF
Average Occupancy 100%
No. Stories 2
Year Built 1963
Parking Ratio 1.03/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Fireplace
  • Ceiling Fans
  • Hardwood Floors
  • Sprinkler System
  • Carpet

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 3 $3,095 CAD 1,004 - 1,470
1+1 4 $2,695 CAD 624 - 1,056
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4096-024-005
Land Assessment
$1,396,516 CAD (2024)
Improvements Assessment
$931,006 CAD (2024)
Total Assessment
$2,327,522 CAD (2024)

zoning

Zoning Code R3, Torrance (Multiple Dwelling Zone)
R3, Torrance (Multiple Dwelling Zone)
  • Listing ID: 32556700

  • Date on Market: 2024-07-23

  • Last Updated:

  • Address: 2144 W 182nd St, Torrance, CA 90504

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