Monday, November 18, 2013

Torrance Income Property for Sale

Torrance - Sunset above Torrance Beach.

Torrance has had an active rental units market in 2013.  Currently:

  • 6 Income buildings are on the market priced from $675,00 to $1,349,000.
  • 3 Buildings are in escrow.
  • 31 Rental units have sold this year ranging from $400,000 to $2.3M.
The average time for units to sell has been 66 days.  The average sale price is $941,000, while the median is $825,000.  About 80% of the buildings were in the 2 to 4 unit configuration, with the remaining buildings being over 5 units.

If you would like more information on available rental properties in Torrance or other areas of Los Angeles, please give me a call.

- Josh Toering, REMAX Estate Properties
(310) 525-9440

Torrance income property for sale:

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