Torrance/Gardena Multifamily Units

[Gary F.]

Hello LA BP.  I'm looking to get into my first MF, possibly in  Torrance or Gardena.  Im hoping for cash flow and non-rent controlled areas.  From my research thus far, Torrance and Gardena are not rent-controlled.  From what I've seen so far, cash flow isn't great in the more desireable areas of West Torrance at least.  

I used to live in Gardena in the early 90s and was expecting some new developments. But when I drove around, much of the area seems to have become more lower income.  Maybe i didn't look in the right places.  I do like the potential to build MFs of some of the deep flag lots.  I saw quite a few near Peary Jr High.

What areas of Torrance and Gardena have more potential?

[Matt Mason]

Originally posted by @Account Closed:

I would research a bit more. Many areas in Torrance are rent controlled. What do you mean in terms of potential? Appreciation? Cash flow?  What type of investment are you interested in, and what kind of financing are you talking about? Financing is is a big determinant of the degree of profitability. Personally, I think South Gardena, North Torrance, Old Torrance have the highest potential for future appreciation. But, if you’re looking for longer term stability I’d look in Walteria and West Torrance. 

This is incorrect.  Torrance does not have rent control.  A city either has rent control or it does not.  You must be thinking of the little strip of land of the City of Los Angeles called Harbor Gateway that connects the Port area to South Los Angeles.  Sometimes, a Torrance post office is used for this area since Harbor Gateway is too narrow to have its own.