Est. cap rate

3.1%

Assumed rent, all units

$4,580/mo

Units

2

Price per unit

$439,500

Est. annual NOI

$27,480

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.

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

2

Building size

1,782 sqft

Lot size

6,162 sqft

Year built

1952

Stories

1

Garage spaces

0

Heating

Wall Furnace

Pool

None

Status

Active

Days on market

1

MLS #

249191758

About this property

Conveniently located two unit income property in Torrance with easy access to the 110 and 405 freeways. The front unit features 2 bedrooms, a loft and 2 baths with standing showers. The rear unit was built in 2016 and also has 2 beds / 2 baths. Each unit has parking for up to 4 cars and private outdoor yard space. Both units have been extensively updated by the seller. Roof on the front unit was replaced in 2024. All utilities have separate meters for each unit allowing tenants to pay for their own services. Both units also have wall furnaces for heating. Not subject to local rent control, only AB 1482.

Location

1017 Torrance

Torrance, Los Angeles, CA, 90502