This 2025 Brand new construction, modern multi-unit property offers incredible potential for investors seeking high-quality units in a rapidly appreciating area without the constraints of rent control. With two of the five units designated as affordable housing, the property provides long-term appreciation, tax benefits, and an unparalleled low-risk investment opportunity. Situated in a coveted Opportunity Zone, this asset represents a rare chance to secure a prime piece of real estate at an excellent price. The property sits on a 7,006 sqft lot with a total living space of 9,000 sqft. It features 18 bedrooms and 18 bathrooms across five luxury units. Tenants pay their own utilities, and the property is equipped with paid-off solar for significant energy savings. Two separate driveways, six parking spaces, and a two-car garage provide added convenience for both tenants and owners. Currently 85% completed, the property is expected to be ready for final completion and a Certificate of Occupancy in approximately 60 days. This presents a great opportunity to acquire a property just before it reaches full occupancy and maximizes its investment potential. Located near the vibrant Old Town Torrance, residents will enjoy easy access to high-end restaurants, trendy shops, and local amenities.Don’t miss the chance to own a brand-new, high-quality property in this prime location. With immediate income potential, low-risk long-term benefits, and a community-focused investment, this multi-unit property is an opportunity you won’t want to let slip away. Act now to secure this amazing asset for your portfolio!
Property Details
Price:
$2,800,000
MLS #:
P1-20966
Status:
Active
Baths:
0
Address:
1502 W W 205th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
122harborgateway
City:
Torrance
Listed Date:
Feb 22, 2025
State:
CA
ZIP:
90501
Lot Size:
7,006 sqft / 0.16 acres (approx)
Year Built:
2024
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Schools
Interior
Appliances
Dishwasher, Gas Cooktop
Cooling
Central Air
Fireplace Features
None
Heating
Central
Exterior
Community Features
Curbs, Street Lights
Fencing
Block, Wrought Iron
Garage Spaces
2.00
Lot Features
Sprinklers None
Parking Features
Garage, Driveway, Street
Parking Spots
8.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Map
Community
- Address1502 W W 205th Street Torrance CA
- Area122 – Harbor Gateway
- CityTorrance
- CountyLos Angeles
- Zip Code90501
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1502 W W 205th Street
Torrance, CA
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