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Listing 16 out of 24
$1,200,000 For Sale

1650 W 209th Street
Torrance, CA 90501

6 units | Multi Family Home
7501 sq ft - MLS# 19433000
Property Photo

Description

Excellent Investment Property consisting of 6 - 2 Bedroom 1 Bath Units. The property is in great condition. It is freshly painted and just received a major plumbing upgrade, including copper plumbing. It also has a newer roof. It has separate laundry room on site that generates income. The units are separately metered for gas and electric. Ideal location close to freeways and downtown Torrance. the property was built in 1964 and is subject to rent control. Showing is subject to accepted offer. Property is subject to soft retrofit requirement from city of Torrance for tucked under parking ($40,000 estimate)

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90501
  • Year Built: 1964
  • Units: 6 units
  • Lot Size: 7501 sq ft
  • Zoning: LARD1.5
  • Area: 122 - Harbor Gateway
  • Building Area Total: 4488.00
  • Directions: North East of S. Western Avenue and Torrance Blvd
  • Gross Multiplier: 16.20
  • Gross Operating Income: 73800.00
  • Improvements Amount: 408000
  • Land Value: 510000
  • Listing Agent License: 01425093
  • Listing Office License: 01425093
  • Lot Size Area: 7501.0000
  • Lot Size Units: Square Feet
  • MLS: CL
  • Net Operating Income: 66640.00
  • Number Of Buildings: 1
  • Parking Features: Off Site
  • Parking YN: Yes
  • Stories Total: 2
  • Total Expenses: 7160.00
Courtesy of Mario Padilla, Mario Padilla

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Michael Clark
Home Team Realty

2501 W. 237th Street #C
Torrance, CA 90505
Phone: 310-920-2967
Email: mcsouthbay@yahoo.com
DRE #00425966

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