Torrance California is located in southwest Los Angeles County within the beautiful neighborhoods of the “SouthBay”. MultiFamilyOWL.com consistently receives daily emails from professional multifamily income property investors searching for Duplex, Triplex, Fourplex and larger commercial apartment complexes for sale within the city of Torrance. Vacancy rates are extremely low due to amazing elementary and high school scoring on achievement tests, close proximity to the beach, LAX and the 405, dozens of fortune 500 company headquarters and one of the most devoted and well run police departments in the country.
Torrance also offers a slight reprieve from the ridiculously high Gross Rent Multipliers found in neighboring Manhattan Beach, Hermosa Beach and Redondo Beach. Torrance CAP Rates as high as 5-6% can be achieved in larger unit investment buildings due to less land value then many of the adjacent beach cities.
MultiFamilyOWL is currently working to match several large multi-unit apartment building owners in Torrance with commercial property owners who are considering selling as these multifamily owners are looking to diversify into Triple-Net Lease investment property.