Torrance, CA 90501,1518 Marcelina AVE
Torrance, CA 90501,1518 Marcelina AVE
Torrance, CA 90501,1518 Marcelina AVE
Torrance, CA 90501,1518 Marcelina AVE
Torrance, CA 90501,1518 Marcelina AVE
Torrance, CA 90501,1518 Marcelina AVE
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$2,300,000

Est.Price: ?

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Est. payment /mo

SOLD DATE : 08/01/2023

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB23122892

Sold Date 08/01/23

HOA Y/N No

Year Built 1985

Property Sub-Type Mixed Use

Property Description

1518 Marcelina Ave is a well positioned 7-Unit situated in the quiet neighborhood of Old Torrance. The property boasts (7) 1-bed/1.5-bath two-story units, each with their own attached garage and private balconies. Tenants enjoy downstairs bedrooms with upstairs living room, kitchen, and ½ guest bathroom. The location also provides easy access to a range of retail and restaurant establishments.
The building offers 5,085 RSF of living space priced at $452/SF and $328,571 per unit, with a proforma 12.17 GRM and 5.72% Proforma CAP presenting significant upside potential.
With its premier location, sizeable living space, and attractive pricing, 1518 Marcelina Ave is an excellent investment opportunity for any Los Angeles CRE Investor.

Location

State CA

County Los Angeles

Area 134 - Old Torrance

Zoning TODC-CTR

Interior

Fireplaces Type None

Fireplace No

Laundry In Garage

Exterior

Parking Features Garage

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Biking

Total Parking Spaces 7

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7355023025

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash

Special Listing Condition Standard

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CRMLS – RECore
Listed by Brett Lyon Lyon Stahl Investment Real Estate, Inc.
Bought with Rob McGarry Vista Sotheby’s International Realty
John Herkenrath

+1(310) 221-2910

johnherkenrath@epiquerealty.com

<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>

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