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$4,995,000
Est. payment /mo
12 Beds
20 Baths
11,208 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,208 sqft
Price per Sqft $445
MLS Listing ID 25570587
Bedrooms 12
HOA Y/N No
Year Built 1961
Lot Size 0.480 Acres
Property Description
Highly Desirable Torrance Location - Just One Block East of Hawthorne Boulevard & South of Del Amo Boulevard | Located Less Than 2.5 Miles from the Beach & Close Proximity to Del Amo Fashion Center, King Harbor, Redondo Beach Pier & Village Del Amo | 6.28% Pro-Forma Cap Rate & 10.25 Pro-Forma GRM | 3.85% Current Cap Rate & 13.98 Current GRM | Large 20,923-SF Lot | Desirable Opportunity to Add ADUs | Roof Recently "Tuned Up" | Significant Value-Add Potential - Approximately 36% in Rental Upside | Investor Could Consider Implementing Utility Reimbursement Program (RUBS) to Decrease Operational Expenses & Increase Operating Income | No Local Rent Control - Defaults to AB 1482 | On-Site Laundry Facility - Generates Additional Income | Total of 20 Parking Spaces | Offered at $249,750 Per Unit
Location
State CA
County Los Angeles
Area 126 - Central Torrance
Zoning TORR-MH
Interior
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Covered, Carport
Carport Spaces 20
Total Parking Spaces 20
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7524011046
Special Listing Condition Standard
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Listed by Jonathan Nikfarjam Shield CRE, Inc.