Sample Opportunity Zone

Unfortunately this project hasn't been funded on time!

Located in Torrance, California, this development opportunity has been entitled for an 18 unit apartment complex with all 2  Bed / 2 Bath units. Located in a Qualified Opportunity Zone,  this investment is ideal for an investor looking to build and  hold the asset for over 10 years to minimize capital gains  liability (Buyer to confirm), or an investor wishing to realize  return on investment upon completion/stabilization. With 16 market rate and 2 very low income units, the Seller has  taken on-menu incentives to add value to the build. Upon closing of escrow, the Buyer will have the obligation of  finalizing plan check and completing the permitting process for “ready-to-issue” status.

Currently, there is a triplex on site with a monthly annual income of $3,818.75. With the current income, the builder / developer will have additional income to off-set final permitting costs. All tenant information will be provided to a potential Buyer upon a written letter of intent or offer.

Investment Highlights
  • Property is located in a qualified opportunity zone
  • All 2 Bed / 2 Bath units averaging 990 SF
  • One level subterranean parking
  • Type-V construction allows for lower construction costs
  • Entitlement calls for 36 parking spaces
  • Market rents on new construction product average a rent per SF north of $2.60
  • (16)-market rate and (2)-very low income units
  • Torrance has seen a huge influx of new developments for office, retail, and multi-famiyl
  • Within proximity to Lowe’s Home Improvement, Walgreens, and 110 Freeway
  • Easy access to Santa Monica, LAX, Long Beach Pier, and many other Los Angeles attractions
Ace Judd
$25,213 - Property Type
Murtudo
$50 - Type
No new updates

$25,263
raised of $7,000,000

This project will only be funded if at least $7,000,000 is raised by January 20, 2021
Project sponsor
Equity Apple

Support this project

  • Property Type

    Development Site, Land

  • Investment Type

    Redevelopment

  • Price Per Sq Ft

    $146

  • Type

    Multifamily

  • Lot Size

    10,803

WordPress Image Lightbox Plugin