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Millman Team Real Estate

$3,098,000
0.34 Acre Lot

1414 W 225th Street, Torrance, California 90501

  • Residential Income Property Type
  • Detached Carport Cars Garage
  • 1962 Year Built
Property Description

$52, 000 PRICE REDUCTION! Year-End Opportunity – Explore Potential Bonus Depreciation Tax Benefits! Large 12-unit multifamily property totaling 11, 980 SQFT, featuring two buildings, 12 assigned carport spaces, two community laundry rooms, and secure gated entry. All 12 units offer spacious 3-bedroom, 1.5-bath floor plans averaging nearly 1, 000 SQFT each. The additional half-bath in every unit is a unique and highly desirable feature for tenants. Priced at an attractive 9.4 GRM, the property offers strong in-place income with significant built-in upside. An estimated 59% upside in rents brings the property to a projected 5.9 GRM and 11.7% cap rate at market rents. The property has 14 separate gas and electric meters, with additional potential to reduce utility expenses by implementing RUBS for water, sewer, and trash (buyer to verify). The property is well maintained, with a new roof (2021), fresh exterior paint (2026), several renovated units, and a completed SB 721 balcony inspection. Strategically located in the Harbor Gateway area of Torrance, across from Normandie Recreation Center. Property is subject to Los Angeles RSO.

Basic Details
Residential Income
For Sale
SB26205096
$3,098,000
1962
0.34 Acre
Active
1
Apartment
Features
: None
: Wall Furnace
: None
: None
: Detached Carport
12.0
: Common Area
: Public Sewer
$0
Appliances
: Dryer, Washer
Address Map
CA
Los Angeles
Torrance
90501
225th
1414
Street
W119° 41' 52.5''
N33° 49' 19''
For GPS and Google Maps, use "1414 225th St" without "west"
122 - Harbor Gateway
W
Additional Information
$0
$0
$0
$0
$0
11980
: Park, Sidewalks, Street Lights
1
: Two
: 0-1 Unit/Acre
12
2026-09-21
3150000
2
2
: Public
Broker/Agent Information
Buckingham Investments, Inc
Christopher Crosby
Listing Information
SBCROSCHR
SB1301700
Cash, Cash to New Loan, Conventional, 1031 Exchange
Active
2026-10-26T16:58:45Z
CRMLS
: Standard
2026-09-21T10:46:14Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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