All Forum Posts by: Christine Kuo

@Denise: Thanks for your input! I guess what I'm trying to figure out is if nearby residential rentals (<.25m radius) is representative of that very specific area. It sounds like probably not and will need to be discounted since it's by the refinery. I was thinking a 2/1 for $1700 and a 1/1 for $1300. 

@Jacob: I did a full P&L based on rents from nearby homes. 

Hi everyone,

I've been bidding on homes in SoCal for half a year now, and finally am in contract on a fully renovated (interior) duplex in Torrance (great school district), but it sits on Del Amo. Specifically, the backside of the oil refinery, which is probably why I got it so cheap. My questions for you:

• Does anyone have a good sense of a fully rennovated 2/1 and 1/1 rent comp right by the refinery? I know the rent comp close to that neighborhood, but I'm wondering if I'd have to give a discount because it's right next to the refinery. A $50-$100 difference in rent would be a big deal. 
• What are your thoughts on that area? I've not seen any duplex in most of SoCal for so cheap so am wondering if there's a known problem with that area. 

Thanks!

Christine