$2,795,000
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8,955 Sqft Lot
SOLD DATE : 07/12/2022
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22155479
Sold Date 07/12/22
HOA Y/N No
Year Built 1957
Lot Size 8,955 Sqft
Property Description
16112 Van Ness Avenue is a well-maintained, 9+1 unit apartment building comprised of four (4) 1 bed/1 bath, five (5) 2 bed/1 bath, and one (1) non-conforming bachelor's unit. Unit 6 (2+1) is currently vacant, all tenants are current and paid in full. Over 20% rent upside. Seller has taken great care of property; copper plumbing throughout, a new security gate and fence was installed in 2018, a new roof was installed in 2015. Seven of the units have been updated with new kitchen cabinets, granite countertops, bathtubs and flooring during current ownership. Ten dedicated parking spots in the rear of the building. Great opportunity to hedge against inflation and own in a strong rental market. Contact LA1 for Offering Memorandum.
Location
State CA
County Los Angeles
Area 133 - N Torrance - East
Zoning TORR-MH
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Vented Exhaust Fan
Exterior
Parking Features One Space, Side By Side, Uncovered
Total Parking Spaces 10
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 4066001005
Special Listing Condition Standard
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Bought with Daniel Shieh Lyon Stahl Investment Real Estate, Inc.