$3,470,000
$3,495,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
10,001 Sqft Lot
SOLD DATE : 01/19/2024
Key Details
Sold Price $3,470,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23188128
Sold Date 01/19/24
HOA Y/N No
Year Built 1958
Lot Size 10,001 Sqft
Property Description
Attractive assumable financing, subject to lender approval, available w/ Chase Bank at a 3.97% interest rate, interest only until March 2027 & fixed rate until March 2029!
16195 Yukon Ave is a turnkey 8-Unit situated in a prime pocket of NW Torrance w/ over 10% rental upside. The property boasts (8) 2-bed/1-bath units, 7 carport spots, and 1 garage space. (4) of the units are equipped with spacious private patios and (1) unit in the back features an upstairs balcony.
The 7,224 SF building sits on a 10,001 SF lot priced at $483/SF and $436,875 per unit. Offered at a cap rate of 4.13%, the building is currently generating over $19,000+ per month.
The building is newly renovated and recent capital improvements include: New Roof, Windows, Front Doors & Wood Siding, Improved Landscaping, New Exterior Paint & Copper Plumbing, New Cabinets, Grey Quartz Countertops, Smooth Interior Ceilings, Wood Laminate Flooring, Stainless Steel Appliances, Recessed Lighting, New Bathroom Tile & Interior doors.
The property is strategically located in a great pocket of Northwest Torrance – in close proximity to Alondra Park Golf Course, El Camino College, and the South Bay Galleria. With its sizable living space, desirable location, and impressive income, this property is a great opportunity for any investor looking for a cash-flowing prize asset.
Location
State CA
County Los Angeles
Area 132 - N Torrance - West
Zoning TORR-MH
Interior
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Oven, Microwave
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Carport, Garage
Garage Spaces 1.0
Carport Spaces 7
Garage Description 1.0
Pool None
Community Features Biking, Sidewalks
View Y/N No
View None
Total Parking Spaces 8
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4087007008
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Tatsuya Nakanishi • Person Realty Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "