SOLD
$2,460,000
Date 08/01/2023

1518 Marcelina Avenue
Torrance, CA 90501

Mixed Use
Residence
5,085
Sqft
0.1607
Lot Size
Listing Agent: Brett Lyon CalDRE: 01717818 - Lyon Stahl Investment Real Estate, Inc.

Description for 1518 Marcelina Avenue Torrance, CA 90501

1518 Marcelina Ave is a well positioned 7-Unit situated in the quiet neighborhood of Old Torrance. The property boasts (7) 1-bed/1.5-bath two-story units, each with their own attached garage and private balconies. Tenants enjoy downstairs bedrooms with upstairs living room, kitchen, and guest bathroom. The location also provides easy access to a range of retail and restaurant establishments.The building offers 5,085 RSF of living space priced at $452/SF and $328,571 per unit, with a proforma 12.17 GRM and 5.72% Proforma CAP presenting significant upside potential.With its premier location, sizeable living space, and attractive pricing, 1518 Marcelina Ave is an excellent investment opportunity for any Los Angeles CRE Investor.

Property Details

SB23122892
Mixed Use, 1 Story
Los Angeles
1985
0.1607 Acres
Public
1
Public Sewer
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Listing Agent: Brett Lyon CalDRE: 01717818 - Lyon Stahl Investment Real Estate, Inc.
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