$5,195,000
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18 Beds
16 Baths
8,566 SqFt
SOLD DATE : 08/31/2023
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 8,566 sqft
Price per Sqft $561
MLS Listing ID 23275022
Sold Date 08/31/23
Bedrooms 18
HOA Y/N No
Year Built 1964
Lot Size 8,023 Sqft
Property Description
We are pleased to present this 11 unit apartment community located in the center of the vibrant Old Town Torrance neighborhood. This asset is comprised of an attractive unit mix, including one 3-Bed/2-Bath, four 2-Bed/2-Bath, one 2-Bed/1-Bath & five 1- Bed/1-Bath. Unit J (1 Bed) and Unit K (3 Bed/2 Bath) are brand new ADU professionally designed apartments, fully permitted. Unit J is leased at $2,550/month and Unit K is currently vacant and ready to lease (application pending at $3,700/month). No other vacancies - these apartments lease FAST. Over the past 2 years, the building, common areas and units have been substantially upgraded (plumbing and drain lines, electrical, windows (some), exterior paint and repairs, upgraded lighting, new mailboxes, etc.), and only 2 units have not yet been remodeled. Extremely walkable neighborhood, with restaurants, markets, breweries and local retail up-and-down surrounding blocks. NO LOCAL RENT CONTROL - subject only to AB 1482.
Location
State CA
County Los Angeles
Area 134 - Old Torrance
Zoning TOCR-MD
Interior
Interior Features Ceiling Fan(s)
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Laundry Stacked
Exterior
Parking Features Driveway
Total Parking Spaces 6
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 7357017014
Special Listing Condition Standard
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Bought with Trey Mitchell CB Richard Ellis, Inc.








