$800,000
$826,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
9,002 Sqft Lot
SOLD DATE : 02/01/2022
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB21237503
Sold Date 02/01/22
Bedrooms 4
HOA Y/N No
Lot Size 9,002 Sqft
Property Description
1456 W 220th St. is a great value add opportunity in Torrance P.O (Subject to LA City Rent Control). Quadruplex with a lot of upside potential in rental income as units turnover and potential to convert garages into ADUs (accessory dwelling units). The property has four 1 bedroom 1 bath units. Each units its own water heater and washer and dryer hook up. Property is situated on a large 9,002 SF lot with ample on-site parking in addition to 4 detached garages. The building is easy to manage with tenants paying their utilities; the landlord is only responsible for DWP. All tenants are current on rent and have been paying through COVID. With market CAP Rate of over 7.64%, this property is being offered at only $206,500 per unit. This property is located 1/2 Mile from Harbor-UCLA Medical Center, Commute from Del Amo Fashion Center, Torrance Crossroads & Rolling Hills Plaza -Located within 5 Miles of the Redondo Beach Pier & the Beach...***Property is subject to LA City rent control. It will also be delivered with tenants in place.
1456 W 220th St. is a great value add opportunity in Torrance P.O (Subject to LA City Rent Control). Quadruplex with a lot of upside potential in rental income as units turnover and potential to convert garages into ADUs (accessory dwelling units). The property has four 1 bedroom 1 bath units. Each units its own water heater and washer and dryer hook up. Property is situated on a large 9,002 SF lot with ample on-site parking in addition to 4 detached garages. The building is easy to manage with tenants paying their utilities; the landlord is only responsible for DWP. All tenants are current on rent and have been paying through COVID. With market CAP Rate of over 7.64%, this property is being offered at only $206,500 per unit. This property is located 1/2 Mile from Harbor-UCLA Medical Center, Commute from Del Amo Fashion Center, Torrance Crossroads & Rolling Hills Plaza -Located within 5 Miles of the Redondo Beach Pier & the Beach...***Property is subject to LA City rent control. It will also be delivered with tenants in place.
Location
State CA
County Los Angeles
Area Torrance (90501)
Zoning Assessor
Building
Lot Description Sidewalks
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Land Contract
Space Rent $695
Listing Terms Cash, Conventional, Land Contract
Financing Conventional
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Bought with NON LISTED AGENT • San Diego
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