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Discover this highly desirable 7-unit building located in the heart of North Torrance. Boasting an optimal mix of four 2-bedroom units and three 1-bedroom units, all currently leased, this property promises immediate income generation. Recent exterior painting and refurbished staircase railings and back patio areas have enhanced tenant satisfaction, reflecting a commitment to property upkeep and tenant comfort. Unit includes a mix of spacious 2-bed/2-bath units, including one with a fireplace and another upgraded to feature engineered flooring, potentially convertible into a 3-bedroom layout. Additionally, there are three large 1-bed/1-bath units on the second floor. Well-maintained with over 6,800 Sqft of living space, featuring five garage spaces and two covered carports. Situated on a corner lot at the intersection of 182nd St and Van Ness Ave, the property enjoys proximity to essential amenities such as the Nijiya Japanese market, transportation hubs, shopping centers, schools, and places of worship. Convenient access to major freeways including the 405 and 110, ensuring ease of commute for tenants. With a history of consistent occupancy and a strong rental demand evidenced by all units almost always rented, this property presents a compelling investment opportunity in a sought-after location. Don't miss out on this rare investment opportunity!
Property Type(s):
Residential Income
| Last Updated | 10/1/2024 | Year Built | 1963 |
|---|---|---|---|
| Community | N Torrance - East | Garage Spaces | 5.0 |
| County | Los Angeles |
SCHOOLS
| School District | Torrance Unified |
|---|
Price History
| Prior to Oct 1, '24 | $2,790,000 |
|---|---|
| Oct 1, '24 - Today | $2,690,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Electric Cooktop, Electric Oven |
| AREA | N Torrance - East |
| FIREPLACE | Yes |
| GARAGE | Attached Carport, Covered, Yes |
| HEAT | Electric |
| INTERIOR | Ceiling Fan(s) |
| LOT | 7953 sq ft |
| LOT DESCRIPTION | Lawn |
| PARKING | Attached Carport,Covered |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | 2 |
| VIEW | Yes |
| VIEW DESCRIPTION | Park/Greenbelt |
| ZONING | TORR-MD |
Location
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Listed with RE/MAX ESTATE PROPERTIES
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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