$1,015,000
$1,015,000
For more information regarding the value of a property, please contact us for a free consultation.
2,975 SqFt
SOLD DATE : 09/08/2021
Key Details
Sold Price $1,015,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,975 sqft
Price per Sqft $341
MLS Listing ID SB21125088
Sold Date 09/08/21
HOA Y/N No
Year Built 1961
Lot Size 7,422 Sqft
Acres 0.1704
Property Description
1549 Plaza Del Amo Torrance is a great value-add opportunity in Torrance. Quadruplex with lot of upside potential in rental income as units turnover and potential to convert garages into ADUs (accessory dwelling units). The property has an excellent unit mix of all 2 bedroom 1 bath units. It has been re-pipped with copper plumbing, has brand new water heaters in each unit and 2-year-old roof with 15-year warranty. Property is situated on a large 7,422 SF lot with ample on-site parking in addition to 3 detached garages (one 2-car garage and two 1-car garages). The building is easy to manage with tenants paying their utilities; the landlord is only responsible for DWP. All tenants are current on rent and have been paying through COVID. With market CAP Rate of over 5.8%, this property is being offered at only $260,000 per unit.
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Zoning LARD1.5
Rooms
Ensuite Laundry None
Interior
Interior Features All Bedrooms Down
Laundry Location None
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 3.0
Garage Description 3.0
Fence Brick, Barbed Wire
Pool None
Community Features Storm Drain(s), Sidewalks
Utilities Available None
View Y/N No
View None
Roof Type Asbestos Shingle
Accessibility None
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Walkstreet
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7347007035
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Financing Conventional
Special Listing Condition Standard
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 Wilson Ing • Wilson Ing, Broker