1573 Torrance Boulevard

    Torrance, CA 90501
    • $1,950,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: SB20002375
    UPDATED: 68 min ago
    $1,950,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,531
      SQFT
    • $299
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Attention all 1031 exchange Buyers, This property is located in an Opportunity Zone of Torrance CA; The Property has 9 units with Laundry and off street parking...6 units are 2 bed 1 bath units and 3 one bed one bath units. Located near new development on Western and Torrance Blvd just a few minute walk into "Ol Downtown Torrance".

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-16T19:27:05.1. 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 or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/102042114

    1573 Torrance Boulevard Torrance, CA 90501

    • Price: $1,950,000
    • Status: Active
    • Updated: 68 min ago
    • ID#: SB20002375
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,531
    SQFT
    $299
    $/SQFT
    1963
    Built
    Neighborhood:
    122 - Harbor Gateway
    County:
    Los Angeles
    Area:
    122 - Harbor Gateway
    Property Description
    Attention all 1031 exchange Buyers, This property is located in an Opportunity Zone of Torrance CA; The Property has 9 units with Laundry and off street parking...6 units are 2 bed 1 bath units and 3 one bed one bath units. Located near new development on Western and Torrance Blvd just a few minute walk into "Ol Downtown Torrance".
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    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 1 Common Wall Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.98 Community Features Curbs Country Us Electric Expense 400.00 Elevation Units Feet Fuel Expense 360.00 Gross Income 122496.00 Gross Multiplier 13.67 Gross Operating Income 140526.00 Gross Scheduled Income 142611.00 Insurance Expense 2500.00 Land Lease YN No Laundry YN Yes Net Operating Income 97200.00 New Construction YN No New Taxes Expense 25524.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 43326.00 Professional Management Expense 4500.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 11584.00 Total Expenses 43326.00 Trash Expense 2400.00 Vacancy Allowance 2085 Water Sewer Expense 2400.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Nadezda Egorova of Nadezda Egorova


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-16T19:27:05.1. 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 or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
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