23836 Ocean Ave

Torrance, CA 90505 View Map $1,850,000 Schedule a Tour
Sq.Ft. Lot6,059
Year1964
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Status: Under Contract
Property Type:Quadruplex
MLS #:SB22133798
On Site:19 Days
Lot Size:6,059 Sq. Ft.
County:Los Angeles
A great opportunity for an astute investor. This offering consists of a front house and three income-producing units in the back. The front house has 3 bedrooms/2 baths The three rear units are composed as follows: two units of 2 bedrooms/ 1 bath; one unit of 2 bedrooms/ 2 baths. All of the units are large. The building is 4,410 sq. ft and sits on 6,083 sq. ft of land. The structure was built 1964. All units are rented and there is plenty of upside potential in rents.

A superb investment opportunity to own a quadruplex in a great location in Torrance. The subject property has easy access to Pacific Coast Highway and Hawthorne Blvd. It is situated in a great location - very close to the Lago Seco Park, Walteria Lake, retail strips and shops, restaurants, and other amenities.

Listing Agent/Office

Agent Name:Bill Ruane
Office Name:RE/MAX Estate Properties

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:23836 Ocean Ave Torrance, CA 90505
Area:129 - South Torrance
County:Los Angeles
City:Torrance
Zip Code:90505

Architecture

Year Built:1964
Stories:2
Building Area: 4410.0
Number of Buildings: 1
Total Units: 4
Unit 1: 1 Unit•3 Beds•2 Baths•Furnished•$1,836 actual rent•$1,836 total rent•$3,000 pro forma
Unit 2: 1 Unit•2 Beds•1 Bath•Furnished•$972 actual rent•$972 total rent•$2,200 pro forma
Unit 3: 1 Unit•2 Beds•1 Bath•Furnished•$1,100 actual rent•$1,100 total rent•$2,200 pro forma
Unit 4: 1 Unit•2 Beds•2 Baths•Furnished•$1,350 actual rent•$1,350 total rent•$2,500 pro forma
Garage Spaces: 4.0
Parking Total: 5.0

Features / Amenities

Fireplace Features: Dining Room, Living Room, Outside
Laundry: Common Area
Common Walls: 2+ Common Walls

Property Features

Lot Size: 0.14 Acres / 6,059 Sq. Ft.
Lot Features: Item01UnitAcre
Sewer: Public Sewer
Water: Public
Zoning:TORR-MD
Directions:Pacific Coast Highway & Ocean Ave.

Tax and Financial Info

Gross Income: $64,596
Gross Scheduled Income: $64,596
Net Operating Income: $43,496
Electric Expense: $1,414
Gardener Expense: $3,000
Insurance Expense: $4,125
Pest Control Expense: $1,080
Trash Expense: $8,252
Water/Sewer Expense: $2,820
Other Expense: $2,309
Terms: Cash

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23836 Ocean Ave Torrance, CA 90505
GO SEE THIS LISTING
23836 Ocean Ave Torrance, CA 90505
 
ASAP
Wed
17
Aug
Thu
18
Aug
Fri
19
Aug
Sat
20
Aug
Sun
21
Aug
Mon
22
Aug
Tue
23
Aug
Choose Your Date -- It's Free, Cancel Anytime
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Listing agent / office Bill Ruane, RE/MAX Estate Properties.
Based on information from California Regional Multiple Listing Service, Inc. as of August 16, 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.