775 Portola Avenue
775 Portola Avenue
Description
units offered at only $282k/unit. The subject property
has over 50% upside in rental income. Whether you are
long term or a value-add investor, the subject
property is the perfect assets to help achieve your
investment goals.
775 Portola Ave features a unit mix of (6) 1-Bed/1-Bath
- each unit features 2 parking space (1 garage and 1
tandem), as well as washer/dyer hookups. Once fully
rented for market and ADU is constructed ($300k), the property
will operate...775 Portola Ave is an amazing opportunity to own six
units offered at only $282k/unit. The subject property
has over 50% upside in rental income. Whether you are
long term or a value-add investor, the subject
property is the perfect assets to help achieve your
investment goals.
775 Portola Ave features a unit mix of (6) 1-Bed/1-Bath
- each unit features 2 parking space (1 garage and 1
tandem), as well as washer/dyer hookups. Once fully
rented for market and ADU is constructed ($300k), the property
will operate at a 8.61% CAP and 7.64 GRM. This investment is located near Old Torrance- one of
the more desirable pockets in Torrance. There are
many shops and restaurants close by, as well as Del
Amo Shopping Center. One of the highlights of
Torrance is its excellent education system. The city is
home to several top-rated public and private schools,
providing residents with quality education options for
their children.
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
- Listed by Molly First • DRE #02065583 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 775 Portola Avenue
Location
Property Details for 775 Portola Avenue
| Status | Active |
|---|---|
| MLS # | SB24070404 |
| Days on Market | 22 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1957 |
| County | Los Angeles County |
Location
Building Information for 775 Portola Avenue
Payment Calculator
$9,491 per month
30 year fixed, 7.25% Interest
$9,250
$241
$0
Property Information for 775 Portola Avenue
- Gross Income: $114,780
- Gross Scheduled Income: $114,780
- Vacancy Allowance Rate: 3
- Net Operating Income: $72,279
- Gross Multiplier: 14.77
- Cap Rate: 4.26
- Operating Expense: $39,058
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $39,058
- Tax Block: 85
- Tax Tract Number: 1234
- Tax Census Tract: 6509.01
- CFD/Mello-Roos Fee: $1,418
- Tax Lot: 14
- Community Features: Urban
- Laundry: No
- Laundry Features: None
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: 0-1 Unit/Acre
- Number Of Units: 6
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 6
- Parking Garage Spaces: 6
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,360
- Unit Type Total Rent: $1,360
- Unit Type Pro Forma: 2400
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,325
- Unit Type Total Rent: $1,325
- Unit Type Pro Forma: 2400
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2400
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2400
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,550
- Unit Type Total Rent: $1,550
- Unit Type Pro Forma: 2400
- Unit Type Type: 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,330
- Unit Type Total Rent: $1,330
- Unit Type Pro Forma: 2400
- Unit Type Type: 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $0
- Unit Type Total Rent: $0
- Unit Type Pro Forma: 3500
- Unit Type Type: 7
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 6
- Number Of Separate Gas Meters: 6
- Number Of Separate Water Meters: 1
Property History for 775 Portola Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 775 Portola Avenue
Schools near 775 Portola Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Fern Elementary School PublicK to 5 | ||
Madrona Middle School Public6 to 8 | ||
Torrance High School Public9 to 12 | ||
Gene Drevno Community Day School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763; Lyon Stahl Investment Real Estate, Inc., Molly First, DRE #02065583
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.