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?

[Jennifer Stutland]

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.