$1,650,000
$1,650,000
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0.33 Acres Lot
SOLD DATE : 01/04/2024
Key Details
Sold Price $1,650,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23172858
Sold Date 01/04/24
HOA Y/N No
Year Built 1955
Lot Size 0.330 Acres
Property Description
1536 & 1540 W 226th St, Torrance is a 10-unit apartment complex located in Torrance P.O. It consists of two 5-unit buildings on separate, adjacent APNs sharing a gated driveway. Constructed in 1955 both buildings total 5,300 SF and sitting on a large 14,398 SF lot zoned LARD1.5. Excellent Unit Mix of (10) Spacious 1-Bedroom Units. Two Carports, one for each building with 5 Parking Spaces Each (total 10 covered parking spaces), presents a perfect opportunity to add ADUs. This investment presents a tremendous value-add opportunity at 13.98 GRM and 4.06% Cap Rate on current rents. All units are separately metered for gas and electricity. Property is located in a high demand market in the South Bay. SEE ATTACHMENT WITH OFFERING MEMORANDUM.
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Zoning LARD1.5
Interior
Heating None
Cooling None
Flooring Vinyl
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Sidewalks
Utilities Available None
Roof Type Asphalt
Accessibility None
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7347011020
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Evelyn Baez Gonzalez • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "