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958 W 222nd St
Torrance, CA 90505
Asking Price
$1.20M
Asset Type
Apartment Building Land
Class
Class B
What's Special
Land | 17,452 SqFt <ul><li>$1,200,000 incredible asking price of only $69 per foot</li><li>Approx. 17,452 SF lot - Rare find in Torrance</li><li>Priced below local comparable land sales</li><li>Existing 2-unit property with development upside</li><li>Specific Plan West Carson R-4 zoning</li><li>Feasibility study estimates 19-57 units</li><li>No FAR restriction noted in feasibility study</li><li>Height limit noted at 4 stories / 50 ft</li></ul>
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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657
