1329 1331 W Carson Street

Torrance, CA 90501 View Map $1,950,000 Ask a Question
Acres0.21
Year1959
1329 1331 W Carson Street Torrance, CA 90501 | MLS PW19274033 Photo 1
1329 1331 W Carson Street Torrance, CA 90501 | MLS PW19274033 Map
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Status: Sold
Property Type:Residential Income (Multi-Family)
MLS #:PW19274033
Date Sold:2/27/2020
Lot Size:0.21 Acres
County:Los Angeles
1329-1331 West Carson Street is a property in Torrance P.O, offering (12) one-bedroom/ one-bath units and (1) commercial retail space. On the market for the first time in 46 years, the property features 49%+/- potential upside in rent. Located in a great area within walking distance to a wide array of retail options, the property offers great freeway access to the 110 and the 405, and is close enough to the Beach Cities so that tenants can enjoy a cool ocean breeze. The property is comprised of two separate buildings on a large 9,000 square foot lot, and offers 13 parking spaces and on-site laundry for tenant convenience. With low expenses, the property is separately metered for electric and master-metered for gas (may be able to be sub-metered) and also features a brand new central water heater. Many of the units have been updated and no soft-story retrofit is needed. The property is subject to Los Angeles rent control.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
1/17/2020$2,250,000$2,175,000-3.3%
2/28/2020$2,175,000$1,950,000-10.3%

Community Information

Address:1329 1331 W Carson Street Torrance, CA 90501
Area:(122) Harbor Gateway
County:Los Angeles
City:Torrance
Zip Code:90501

Architecture

Year Built:1959
Total Units: 13
Unit 1: 12 Units•1 Bed•1 Bath•Unfurnished•$915 actual rent•$10,980 total rent•$1,400 pro forma
Unit 2: 1 Unit•Unfurnished•$1,015 actual rent•$1,015 total rent•$1,100 pro forma
Parking: Paved

Features / Amenities

Common Walls: 2+ Common Walls

Property Features

Lot Size: 0.21 Acres / 9009 Sq. Ft.
Lot Features: 11-15 Units/Acre
Lot Number: 13
Sewer: Public Sewer
Water: Public
Zoning:LAC2
Directions:W Carson St & Normandie Ave

Tax and Financial Info

Land Lease: No
Electric Expense: 950.00
Gardener Expense: 300.00
Insurance Expense: 1730.00
Maintenance Expense: 6000.00
Pest Expense: 695.00
Trash Expense: 3900.00
Water / Sewer Expense: 3725.00
Other Expense: 3750.00
Total Expenses: 60070.00
Gross Annual Income: 140162.00

Schools

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Listing provided courtesy of Robert Stepp, Keller Williams Pacific Estate.
Based on information from California Regional Multiple Listing Service, Inc. as of July 6, 2020. 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.