New ListingExcellent opportunity to acquire a fully occupied, 12-unit apartment building in a desirable Torrance-adjacent location, just off Hawthorne Boulevard, the city's bustling commercial and retail corridor. This well-located property offers residents convenient access to shopping, dining, entertainment, and everyday amenities, with nearby 405 Freeway access providing easy connectivity throughout the South Bay and greater Los Angeles. Situated on a generous 12,603 SF lot, the 5,224 SF building features 12 one-bedroom, one-bathroom units, along with 12 covered parking spaces housed in two six-car carports. An on-site coin-operated laundry facility provides an additional revenue stream. With 100% occupancy, the property delivers immediate, stabilized rental income from an established tenant base. Offered at $1,900,000, the property generates annual Gross Operating Income of $176,552, including $2,516 in laundry revenue, and Net Operating Income of $103,116 based on 2025 operating expenses. These figures translate to an attractive 5.43% capitalization rate and 10.76 gross rent multiplier. Beyond its strong in-place income, the property presents compelling opportunities for future growth through strategic interior upgrades and rent optimization, subject to applicable regulations. With its desirable Torrance-adjacent location, stable occupancy, generous lot size, and potential for increased returns, this property offers investors an appealing combination of current cash flow and long-term value creation in one of the South Bay's established rental markets.
| MLS # | 26996965 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 4 |
| Listing Provided By | The Collective Realty | Will Tiao |
| Bed(s) | 12 |
|---|---|
| Bath(s) | 12 |
| SQ Feet | 5,224 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 12 |
| Building(s) | 2 |
| Zoning | LNC3* |
| Acreage | 0.29 |
| Property View | None |
| Heating | Gravity |
|---|---|
| Heating Yes / No | Yes |
| Interior Features | Ceiling Fans |
| Appliances | Refrigerator |
| Fireplace Yes / No | No |
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Detached Carport |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Lawndale |
| Zip Code | 90260 |
| Area | 113 South Lawndale |
| Listing VS Median (in 90260) | |
Price: $1,900,000 low | high Med: $899,000 sqft: 5,224 low | high Med: 1,465 $ / sqft: $364 low | high Med: $683 On site: 4 low | high Med: 32.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Lawndale |
| Zip Code | 90260 |
| Area | 113 South Lawndale |
| Listing VS Median (in 90260) | |
Price: $1,900,000 low | high Med: $899,000 sqft: 5,224 low | high Med: 1,465 $ / sqft: $364 low | high Med: $683 On site: 4 low | high Med: 32.5 | |