1557 Plz Del Amo, Torrance, CA 90501

Description

1557 Plaza del Amo offers the opportunity to acquire a fully occupied, 8-unit multifamily asset in Torrance, one of the South Bay's most established and sought-after rental markets. Built in 1985, the property combines stable in-place income with a clear, defined path to a meaningful increase in cash flow. The property consists of eight 2 bed / 2 bath units averaging approximately 970 square feet per unit. The generous floorplans, with select units offering private patios or balconies, are a standout for the submarket and support strong, consistent tenant demand. The property is gated and secured, with rear parking consisting of private carport and garage spaces. The building is 100% occupied, with in-place rents approximately 34% below current market. As the property is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO) and is governed by AB 1482, a new owner can systematically bring rents to market as units turn, creating a clear value-add path without a major renovation program. Owner pays water, sewer, trash, gardener, and common area electric and gas. Tenants pay unit electric and gas. Torrance is a core South Bay submarket with a deep and diverse renter pool, supported by major employers in aerospace, healthcare, and logistics, as well as proximity to LAX and El Segundo. Residents enjoy convenient access to the 405, 110, and 107 freeway corridors, Del Amo Fashion Center, Torrance Memorial Medical Center, Downtown Torrance, and the South Bay beaches. Consistently limited supply and strong schools and amenities continue to draw long-term renters, keeping vacancy low and supporting durable rent growth across the submarket. Offering Memorandum available upon request. Seller is a licensed California real estate broker.