Property Type:Residential Income (Multi-Family)
On Site:22 Days
Lot Size:6,251 Sq. Ft.
RARE opportunity to own in the historic district of Old Torrance. Built in 1922, this charming craftsman duplex has had only 3 owners in 100 years! Location can not be beat being 1 street from El Prado allowing for walking distance to all that Old Torrance has to offer including: El Prado Park, authentic cuisine restaurants, shopping, bakery, craft breweries, antique stores, boutiques all within about a 4 mile drive to the beach! This R-3 lot consists of 2 separate homes each with its own front & backyards and both with charming front porches. A tall fence and fruit trees provide extremely unique privacy between the 2 houses. Inside exudes charm with the style of years gone by. The front house has the original (interior re-built) brick fireplace, built-in cabinets and also a built-in breakfast nook. The back house also has original built-ins and newer flooring. Both homes come with the crown molding and all the charm one would expect from this era. An A+ location has provided a very strong rental demand. A detached garage includes laundry & storage for both units. There is also a great convertible space w/ a kitchenette & vaulted ceiling which can be used as an office/gym/studio etc. In addition to being in such an INCREDIBLE location, this property is located in the Torrance Unified School District. Imagine the untapped opportunities in upgrading & adding value to this already historic duplex lot. Great for owner occupied w/ income producing unit, multi-generational families or simply bring rents up to current market rates. This is a no brainer!! (see supplements for more detailed info)
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:1537 Marcelina Ave Torrance, CA 90501
Area:134 - Old Torrance
Building Area: 1460.0
Number of Buildings: 2
Total Units: 2
Unit 1: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,125 actual rent•$2,125 total rent•$3,100 pro forma
Unit 2: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,250 actual rent•$2,250 total rent•$2,700 pro forma
Carport Spaces: 1.0
Parking Features: Driveway
Open Parking Spaces: 1.0
Parking Total: 2.0
Features / Amenities
Fireplace Features: Living Room
Laundry: In Garage
Common Walls: No Common Walls
Heating: Floor Furnace
Lot Size: 0.14 Acres / 6,251 Sq. Ft.
Lot Features: Back Yard, Front Yard
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Sewer: Public Sewer
Road Frontage: City Street
Road Surface: Paved
Directions:Between Torrance & Carson near El Prado
Tax and Financial Info
Gross Income: $52,500
Gross Scheduled Income: $52,500
Net Operating Income: $52,500
Total Actual Rent: $4,375
Land Lease: No
Listing agent / office Colleen Hartley, Bayside.
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Based on information from California Regional Multiple Listing Service, Inc. as of January 27, 2022. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.