$1,175,000
$1,250,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
5,584 Sqft Lot
SOLD DATE : 02/26/2024
Key Details
Sold Price $1,175,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23222671
Sold Date 02/26/24
HOA Y/N No
Year Built 1962
Lot Size 5,584 Sqft
Property Description
Fantastic investment opportunity nestled in the heart of Old Town Torrance! This triplex boasts three charming units, each featuring 2 bedrooms, 1 bathroom, and the added convenience of a dedicated 1-car garage for every residence. The front unit offers a delightful private yard and a dedicated utility room, providing a perfect blend of comfort and functionality. Meanwhile, the two rear units, constructed in 1962, share a sunny patio, creating an ideal space for relaxation and communal enjoyment. With alley access, these units provide a seamless blend of privacy and convenience. Situated in a prime location, this property places you within easy reach of parks, diverse dining options, a vibrant farmer's market, and highly rated schools. The allure of the Old Town Torrance setting enhances the appeal of this triplex, making it an attractive prospect for both tenants and investors alike. The triplex comes with low operating costs, maximizing your investment potential. Investors with a keen eye will recognize the significant opportunity to enhance rental income, adding to the property's overall value. This gem of a property is offered "AS IS," with the added benefit of current tenants in place. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a solid investment, this triplex in Old Town Torrance presents an unmissable chance to secure a piece of prime real estate. Don't miss your opportunity to own this promising investment property in a sought-after location.
Location
State CA
County Los Angeles
Area 134 - Old Torrance
Zoning TORR-MD
Interior
Interior Features Unfurnished
Heating Natural Gas, Wall Furnace
Cooling None
Flooring Carpet, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Disposal, Water Heater
Laundry Laundry Room
Exterior
Parking Features Garage
Garage Spaces 3.0
Garage Description 3.0
Fence Wood
Pool None
Community Features Sidewalks, Park
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View Y/N No
View None
Roof Type Asphalt,Rolled/Hot Mop
Total Parking Spaces 3
Private Pool No
Building
Lot Description No Landscaping, Near Park, Paved, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7357004010
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Contract, Submit
Financing Cash
Special Listing Condition Trust
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jim Porter • Porter Heritage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "