Successful Mortgage Vintage borrower and experienced real estate investor sought a 1st TD to purchase this industrial building in the highly sought after Torrance market, Los Angeles, CA. Borrower is bringing $478,500 personal “skin in the game” funds to close.
The subject property is a single tenant, gated industrial building with 3,450 SF of rentable space and sits on a 6,179 SF lot. The subject building offers 2 offices, 2 restrooms, a storage room, a warehouse with an 18’ clear height, one large metal roll up door and a fire / security system. Onsite parking consists of 8 concrete paved parking spaces with additional parking available on Mariposa Avenue. The subject property is very well located, just off the 110 FWY, near Pacific Coast Highway 1 and close to Old Town Torrance.
What we like about this Trust Deed opportunity:
- Successful Mortgage Vintage borrower and experienced real estate investor
- $478,500 Borrower “skin in the game”
- 9.50% Investor Rate
- 6 months Guaranteed Interest