1562 W Carson Street, Torrance, CA 90501
Local realty services provided by:CENTURY 21 LOTUS
1562 W Carson Street,Torrance, CA 90501
$2,025,000
- - Beds
- - Baths
- 6,999 sq. ft.
- Multi-family
- Active
Listed by: daniel shieh
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26998167
Source:CRMLS
Price summary
- Price:$2,025,000
- Price per sq. ft.:$289.33
About this home
Lyon Stahl Investment Real Estate is pleased to present 1562 W Carson Street, an 11-unit value-add multifamily investment located in the Torrance PO section of the city of Los Angeles. The property is conveniently located near Harbor-UCLA Medical Center, one of the South Bay's major medical and employment centers, providing access to a significant base of healthcare professionals, staff, patients, and visitors. The property is not subject to the Los Angeles Rent Stabilization Ordinance (LA RSO). It is being offered individually or together with the adjacent apartment buildings at 1554 and 1568 W Carson Street, creating the opportunity to acquire a contiguous 41-unit portfolio. The property contains 6,999 square feet of building area on an 11,109-square-foot lot. The unit mix consists of eight one bedroom/one-bathroom units, two two-bedroom/one-bathroom units, and one three bedroom/two-bathroom unit. The property provides 20 parking spaces, an attractive ratio of approximately 1.8 spaces per unit. The property is offered at $2,025,000, equating to $184,091 per unit and $289 per square foot. Current scheduled rent totals $14,658 per month, resulting in an estimated 4.7% current cap rate and 11.5 GRM. Current rents average $1,333 per unit, compared with modeled market rents averaging $2,081 per unit. The rent roll includes an substantially discounted two-bedroom manager unit (optional), contributing to the property's unusually strong income-growth potential. An alternative underwriting scenario assumes 8.7% rent increases for eligible tenants, increasing potential scheduled rent to approximately $15,766 per month and the estimated cap rate to 5.3%. These increases have not been served and are presented as a pro forma scenario rather than current income. Approximately 45% additional rental upside remains relative to the modeled market-rent schedule. The offering gives investors several potential strategies: continue operating the property as a well-located apartment asset near Harbor-UCLA Medical Center, pursue income growth over time, acquire it with one or both neighboring properties, or evaluate the longer-term redevelopment potential associated with the site's C2 zoning and proximity to qualifying transit. 1554 W Carson Street may be purchased separately or as part of the three-property offering totaling 41 units at 1554-1568 W Carson Street. DEVELOPMENT OPPORTUNITY - The subject properties comprise 33,240 SF (180' x 185.07') zoned C2-1, with a General Plan land use designation of Neighborhood Office Commercial. The property qualifies for several state and local density-bonus programs that materially increase its development potential above base zoning. A feasibility study has indicated the potential to develop 135 mixed income units. Contact LA1 for Offering Memorandum....
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Home facts
- Year built:1978
- Listing ID #:26998167
- Added:1 day(s) ago
- Updated:October 13, 2026 at 01:32 AM
Rooms and interior
- Living area:6,999 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Year built:1978
- Building area:6,999 sq. ft.
- Lot area:0.26 Acres
- Levels:2 Story
Finances and disclosures
- Price:$2,025,000
- Price per sq. ft.:$289.33
Parking
- Total parking spaces:20
- Parking description:Assigned
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