5.54% Pro Forma CAP Rate!! Property sits on a 14,400 SF double lot. Current rents are over 30% below market. OM, rent roll and income statement are attached in the supplements. Average CAP rate sold in area is 4.45%. Come see this well maintained 17 unit, NO RENT CONTROL, multifamily apartment building located in the high demand area of Harbor Gateway in the Torrance PO. Built in 1986 with a mix of 1 studio, 9 single bedroom units, 5 2 bedroom / 1.5 baths and 2 2 bedroom / 1 bath units. This well maintained garden property features an onsite laundry facility, security gate, gated courtyard and ample parking (10 covered spaces and 18 open spaces). The units are individually metered for gas and electricity. Gas wall heaters and gas stoves are provided for each unit. The roof was replaced in 3 phases between 2012 and 2015. Entire building was painted in 2016. Full cooper plumbing. No A/C.