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$1,750,000
Est. payment /mo
6,494 Sqft Lot
UPDATED:
12/25/2024 01:14 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SB24192830
HOA Y/N No
Year Built 1959
Lot Size 6,494 Sqft
Property Description
Rare opportunity to acquire a corner-lot fourplex in Old Torrance that is insulated from traffic yet central to everything South Bay. Spanning 2,854 sf across a 6,496 sf lot and comprised of two single level and spacious 2-bed 1-bath units, together with two additional 1-bed 1-bath units situated atop four single car garages and balanced perfectly around a central yard, this building makes sense for owner occupants and investors alike. Both of the 2-bed units feel like single family living and will be delivered vacant, presenting an ideal setup for an owner-user looking to occupy one or more units while subsidizing the mortgage with additional rents. This property is ideally situated nearby schools (Torrance Elementary and Torrance High School), parks, and shopping, as well as easily accessible from Southern California employment hubs, such that rental demand will remain stable for the foreseeable future. There is no local rent control here (on information and belief only CA AB1482 applies, but buyer to verify) and gas and electric are separately metered. There are also several avenues to add value, such as repositioning the leases on the 1-bedroom units, converting owner's storage space (laundry hookups present!) to community laundry facility for additional stream of income, and potentially converting the garages to ADUs to maximize return. Just 1.5 miles to the Torrance Crossroads, 2.5 miles to Del Amo Shopping Center, just 4 miles to Torrance Beach, and 5 miles to King Harbor, the property also provides easy access to and from the whole of Southern Bay via nearby Western, Sepulveda, and Torrance Blvd corridors, as well as the rest of Southern California via nearby 110 freeway.
Location
State CA
County Los Angeles
Area 134 - Old Torrance
Zoning TORR-MD
Interior
Fireplace No
Laundry Gas Dryer Hookup
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Story 2
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7357005012
Energy Description 618.0
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard, Trust
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Listed by Mark Ehlers • Imperial Real Estate • mark@imperialrealestate.com