1547 Torrance Blvd

Torrance, CA 90501 View Map $1,999,999 Schedule a Tour
Sq.Ft. Lot7,505
Year1964
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:SR21091961
On Site:16 Days
Lot Size:7,505 Sq. Ft.
County:Los Angeles
NOW PRICED LOWER THAN THE LAST APPRAISAL! Well cared for bread and butter investment property sits above street level and surrounded by a residential area, very close to Old Torrance and all the amenities tenants look for. Harbor Gateway area is a central location to Torrance Beach, Long Beach, Gardena, Downey, and LAX
All units consist of 2 bedrooms 1 bathroom each, there is also a shared laundry room. Separately metered all-electric building. Priced below the last appraisal 6 months ago! All retrofitting is completed. Units have been updated.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

Detailed Maps

Community Information

Address:1547 Torrance Blvd Torrance, CA 90501
Zip Code:90501

Architecture

Year Built:1964
Stories:2
Construction Materials: Brick, Drywall, Concrete
Number of Buildings: 1
Total Units: 7
Stories Total: 2
Unit 1: 4 Units•2 Beds•1 Bath•Unfurnished•$1,200 actual rent•$4,800 total rent•$8,000 pro forma
Unit 2: 3 Units•2 Beds•1 Bath•Unfurnished•$1,700 actual rent•$5,100 total rent•$6,000 pro forma
Carport Spaces: 8.0
Parking Total: 8.0

Features / Amenities

Laundry: Common Area
Security Features: Carbon Monoxide Detector(s), FireDetectionSystem, Smoke Detector(s)
Common Walls: 2+ Common Walls
Heating: Electric

Property Features

Lot Size: 0.17 Acres / 7,505 Sq. Ft.
Lot Features: Item610UnitsAcre, Near Public Transit
Utilities: Electricity Connected, Sewer Connected, Water Connected
Sewer: Public Sewer
Water: Public
Zoning:LARD 1.5
Directions:From 405 FWRY exit Normandie, to Torrance Blvd, west to location on right.

Tax and Financial Info

Tax Year: 2020
Tax Annual Amount: $18,736
Current Financing: Conventional
Gross Income: $9,739
Gross Scheduled Income: $116,869
Net Operating Income: $107,154
Insurance Expense: $4,400
New Taxes Expense: $25,000
Trash Expense: $4,959
Operating Expense: $10,242
Terms: CashtoNewLoan

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1547 Torrance Blvd Torrance, CA 90501
GO SEE THIS LISTING
1547 Torrance Blvd Torrance, CA 90501
 
ASAP
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Listing provided courtesy of Sona Gallatin, Exp Realty Of California Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of May 15, 2021. 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.