1323 W 219th Street

    Torrance, CA 90501
    • $695,000
    • STATUS: Pending
    • ON SITE: 19 days
    • ID#: SB19025802
    Pending
    UPDATED: 32 min ago
    $695,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,298
      SQFT
    • $302
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1943
    County:

    School Ratings & Info

    Description

    Bread and Butter multi-family property in the Harbor Gateway area of Torrance. This 2,298 square foot 4 unit property sits on a large 9,000 square foot R-2 lot and features Four 1 bedroom and 1 bathroom units. Convenient to to Harbor UCLA Medical Center, which makes it ideal for tenants. Close to 110 Freeway, Shopping Centers, Old Town Torrance, Hospital, Schools, Parks. Ideal for Investor or for homeowner looking to have rental income to help pay for mortgage and other expenses. All units currently occupied, however 2 of the units will be delivered vacant, which will allow an astute investor the ability to rehab and generate market rents. Some units have individual fenced front yards. Very Low GRM at Market rents. Probate listing - no court overbid required. Previous owner passed away in one of the units within the past year after living there for a long time. All Offers require a 10% deposit.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T20:39:27.957. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/91528299

    1323 W 219th Street Torrance, CA 90501

    • Price: $695,000
    • Status: Pending
    • Updated: 32 min ago
    • ID#: SB19025802
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    2,298
    SQFT
    $302
    $/SQFT
    1943
    Built
    Neighborhood:
    122 - Harbor Gateway
    County:
    Los Angeles
    Area:
    122 - Harbor Gateway
    Property Description
    Bread and Butter multi-family property in the Harbor Gateway area of Torrance. This 2,298 square foot 4 unit property sits on a large 9,000 square foot R-2 lot and features Four 1 bedroom and 1 bathroom units. Convenient to to Harbor UCLA Medical Center, which makes it ideal for tenants. Close to 110 Freeway, Shopping Centers, Old Town Torrance, Hospital, Schools, Parks. Ideal for Investor or for homeowner looking to have rental income to help pay for mortgage and other expenses. All units currently occupied, however 2 of the units will be delivered vacant, which will allow an astute investor the ability to rehab and generate market rents. Some units have individual fenced front yards. Very Low GRM at Market rents. Probate listing - no court overbid required. Previous owner passed away in one of the units within the past year after living there for a long time. All Offers require a 10% deposit.
    Exterior Features

    Garage Spaces 3.00 Lot Features Front YardLevel With Street Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.07 Community Features CurbsSidewalks Country Us Electric Expense 200.00 Elevation Units Feet Fuel Expense 400.00 Gross Income 57600.00 Gross Multiplier 12.07 Gross Operating Income 54720.00 Gross Scheduled Income 57600.00 Insurance Expense 1149.00 Land Lease YN No Laundry YN No Maintenance Expense 3283.00 Maintenance Percent 6.00 Net Operating Income 35267.00 New Construction YN No New Taxes Expense 8312.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 19453.00 Operating Expense Percent 34.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Probate Listing Tenant Pays ElectricityGas Total Expenses 19453.00 Trash Expense 2000.00 Vacancy Allowance Rate 5.00 Water Sewer Expense 2800.00 Water Source Public Year Built Source Assessor Zoning Lar2

    Listing provided courtesy of Michael Millea of Keller Williams Beach Cities


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-23T20:39:27.957. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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