1533 W 224th Street, Torrance, CA 90501

Overview

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Location: Torrance, CA
Type: 6-Unit Apartment Building
Year Built: 1986

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Investment Opportunity:

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‍Welcome to 1533 W 224th St, a prime value-add investment opportunity in Torrance, CA. This 6-unit apartment building is ideally situated within one of Los Angeles County's most dynamic rental markets. With construction dating back to 1986, the property provides a unique blend of classic appeal and modern investment potential. This is a rare chance for investors to capitalize on the increasing demand for rental housing in Southern California while enhancing property value through strategic improvements.

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Strategic Location

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Torrance, CA

• Desirable Neighborhood: Torrance is recognized as one of the most sought-after neighborhoods in the South Bay region. Its blend of suburban comfort and urban convenience attracts a diverse range of residents.
• Economic Landscape: The city boasts a robust economic environment, hosting a variety of industries, including technology, healthcare, and manufacturing. These sectors contribute to ongoing job growth, making the area an attractive option for renters.
• Convenience: Located just minutes from the beautiful Pacific Ocean, 1533 W 224th St offers easy access to shopping centers, dining, and recreational facilities, enhancing its appeal to potential tenants.

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Value-Add Potential

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Rental Growth:

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The current rental rates at 1533 W 224th St offer considerable room for improvement. Investors can raise rents to align with the area's strong market trends, ultimately increasing cash flow.

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• Upside Potential: With the demand for quality rental properties on the rise in Southern California, this building presents significant upside potential, making it an ideal candidate for any real estate portfolio.
• Market Positioning: The property is well-positioned to attract families, young professionals, and retirees alike, providing a wide range of tenant options and maximizing rental income potential.

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Accessibility

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Commuter Friendly:

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• Major Highways: The property is conveniently located near key highways, including Interstate 405 (I-405), Interstate 110 (I-110), and State Route 1 (SR-1). This offers easy access for commuters traveling throughout the Greater Los Angeles area.
• Proximity to Cities: Residents benefit from convenient routes to nearby cities such as Long Beach, Redondo Beach, and downtown Los Angeles, making it an ideal location for professionals seeking a balanced lifestyle.

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Nearby Attractions

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Coastal Living:

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One of the standout features of 1533 W 224th St is its proximity to stunning beaches, including Redondo Beach, Hermosa Beach, and Manhattan Beach.

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• Outdoor Recreation: Residents can enjoy a range of outdoor activities, such as surfing, biking, and sunbathing, enhancing the coastal living experience.
• Parks and Community Spaces: Torrance is known for its well-maintained parks, cultural events, and family-friendly neighborhoods. Nearby parks like Wilson Park and Torrance Beach provide ample green spaces for relaxation and recreation.

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Modern Amenities

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Built in 1986:

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• Spacious Units: The 6-unit apartment building features spacious living areas designed for comfort, making it appealing to a variety of tenants.
• Upgrade Opportunities: Investors have the chance to upgrade the units to further enhance the building’s marketability and increase rental income, aligning with current tenant preferences.

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Why Invest in 1533 W 224th St?

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Investing in this property offers a unique opportunity to enter one of Los Angeles County’s most promising rental markets.

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• Dynamic Rental Market: Torrance’s strong economy and desirable location create a valuable asset with significant growth potential.
• Attractive Investment: Whether you're looking to expand your multifamily portfolio or seek a value-add property, 1533 W 224th St checks all the boxes for savvy investors.

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Contact Information

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Taylor Avakian

• Founder, The Group CRE
• First Vice President, Lyon Stahl
• Host, LA’s #1 Commercial Real Estate Podcast, No Vacancy
• Contact for More Information: [Contact Details]

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Don’t miss this exceptional opportunity to invest in a property that combines stability with substantial long-term growth prospects. Let Taylor Avakian guide you in achieving your investment goals today!