2144 W 182nd St
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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
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 |
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Walk Score ®
Very Walkable (79)
PROPERTY TAXES
Parcel Number | 4096-024-005 | Improvements Assessment | $931,006 CAD (2024) |
Land Assessment | $1,396,516 CAD (2024) | Total Assessment | $2,327,522 CAD (2024) |
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) |
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2144 W 182nd St
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