Deal numbers
- Est. cap rate
- 3.4%
- Assumed rent, all units
- $6,940/mo
- Units
- 2
- Price per unit
- $620,000
- Est. annual NOI
- $41,640
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $79,116
- Operating expenses
- $39,558
- Net operating income
- $39,558
- Annual debt service
- $74,248
- Annual cash flow
- -$34,690
- Cash on cash return
- -11.2%
- Down payment
- $310,000
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Building size
- 1,006 sqft
- Lot size
- 5,151 sqft
- Year built
- 1952
- Stories
- 1
- Garage spaces
- 0
- Cooling
- None
- Pool
- None
- View
- None
- Status
- Active
- Days on market
- 41
- MLS #
- 246530388
About this property
Zoned R3! Discover the possibilities at 2834 Pacific Coast Hwy, Torrance, a property offering a unique combination of location, flexibility, and income potential. This property provides an attractive opportunity for investors, developers, or buyers looking for versatile residential use. Located in South Torrance’s desirable Walteria neighborhood, the property offers convenient access to shopping, dining, major transportation routes, and the South Bay's many amenities. Currently, the front house features 3 bedrooms and 1 bathroom. The back 1 bedroom and 1 bathroom unit features approximately 400 square feet of additional garage area with a permitted ¾ bathroom and dressing area. This space offers flexibility and potential utility for a variety of needs. The layout is particularly well suited for R3 development, as well as for a family with multigenerational living, allowing different family members to live onsite in their own units. A versatile property with strong investment potential, or move-in now with rental income availability and flexibility for the future. This is a unique and rare opportunity in the South Bay, available right now! Buyer to independently verify zoning, permitted uses, density, development potential, setbacks, parking requirements, and all other property and development information with the City of Torrance.
Location
2834 Pacific Coast Highway
Torrance, Los Angeles, CA, 90505