2218 Torrance Boulevard

    Torrance, CA 90501
    • $1,679,000
    • STATUS: Active
    • ON SITE: 135 days
    • ID#: SB19129307
    $1,679,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,948
      SQFT
    • $339
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    This mixed use retail/apartment opportunity is centrally located in Torrance in a non-rent controlled building. This great investment opportunity features 6 apartment units ( 4 Studios and two 1 bed/1 bath) and 3 ground floor retail units with 100% occupancy. All units are individually metered for gas & electric. Four 1 car garages provide off street parking near the rear of the building. This property enjoys close proximity to Old Torrance's shops and restaurants, Del Amo Fashion Center, local beaches as well as the 405, 105, 91 and 110 for easy commuting.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/95457855

    2218 Torrance Boulevard Torrance, CA 90501

    • Price: $1,679,000
    • Status: Active
    • ID#: SB19129307
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,948
    SQFT
    $339
    $/SQFT
    1948
    Built
    Neighborhood:
    134 - Old Torrance
    County:
    Los Angeles
    Area:
    134 - Old Torrance
    Property Description
    This mixed use retail/apartment opportunity is centrally located in Torrance in a non-rent controlled building. This great investment opportunity features 6 apartment units ( 4 Studios and two 1 bed/1 bath) and 3 ground floor retail units with 100% occupancy. All units are individually metered for gas & electric. Four 1 car garages provide off street parking near the rear of the building. This property enjoys close proximity to Old Torrance's shops and restaurants, Del Amo Fashion Center, local beaches as well as the 405, 105, 91 and 110 for easy commuting.
    Exterior Features

    Garage Spaces 4.00 Lot Features 6-10 Units/AcreRectangular LotNo Landscaping Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking Total 4.00 Parking YN Yes 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 2+ Common Walls Heating Forced Air Heating YN Yes Laundry Features None

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.40 Community Features CurbsSidewalksStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 124200.00 Gross Multiplier 13.52 Gross Operating Income 122958.00 Gross Scheduled Income 124200.00 Insurance Expense 3317.00 Land Lease YN No Laundry YN No Maintenance Expense 6000.00 Net Operating Income 90747.00 New Construction YN No New Taxes Expense 17854.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 9 Operating Expense 32211.00 Operating Expense Percent 25.90 Other Expense 5250.00 Other Expense Description Utility Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 32421.00 Trash Expense 0.00 Vacancy Allowance 1242 Vacancy Allowance Rate 1.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Tocc-Gen

    Listing provided courtesy of Edward Kaminsky of Strand Hill Christies International Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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