3450 Emerald Street

Torrance, CA 90503 View Map $17,545,000 Ask a Question
Acres1.14
Year1963
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Status: Sold
Property Type:Residential Income (Multi-Family)
MLS #:SB19022029
Date Sold:12/3/2019
Lot Size:1.14 Acres
County:Los Angeles
Centrally located in the heart of Torrance between Amie and Madrona Ave. Comprised of 29 one bed/one bath units, 16 two bed/two bath and 4 three bed/two bath units. Most units have been updated with granite counters, travertine stone, upgraded cabinets, carpet and paint. Immaculate, lush grounds with 50 ft pool, custom built outdoor entertainment pavilion with two BBQ's, and laundry on the premises. Common area with beautiful custom stone work. Private enclosed patios. Units are all electric. Landlord pays for basic cable, water and trash. Please also see the partnerships incomparable 24 unit building in Lunada Bay MLS# SB19075916.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
4/29/2019$21,249,000$19,950,000-6.1%
7/31/2019$19,950,000$18,990,000-4.8%
8/22/2019$18,990,000$18,295,000-3.7%
12/3/2019$18,295,000$17,545,000-4.1%

Community Information

Address:3450 Emerald Street Torrance, CA 90503
Area:(126) Central Torrance
County:Los Angeles
City:Torrance
Zip Code:90503

Architecture

Year Built:1963
Total Units: 49
Unit 1: 4 Units•3 Beds•2 Baths•Unfurnished•$2,462 actual rent•$7,250 total rent•$9,200 pro forma
Unit 2: 16 Units•2 Beds•2 Baths•Unfurnished•$1,970 actual rent•$31,525 total rent•$31,525 pro forma
Unit 3: 29 Units•1 Bed•1 Bath•Unfurnished•$1,650 actual rent•$47,839 total rent•$47,839 pro forma
Parking: Assigned, Attached Carport

Features / Amenities

Common Walls: 2+ Common Walls
Pool: Community, In Ground
Parking Total: 52

Property Features

Lot Size: 1.14 Acres / 49871 Sq. Ft.
Lot Features: Landscaped, Lot Over 40000 Sqft
Lot Number: 10
Sewer: Public Sewer
Water: Public
Zoning:TORR-MH
Directions:Located between Amie Ave and Madrona Ave

Tax and Financial Info

Land Lease: No
Electric Expense: 14019.00
Insurance Expense: 31219.00
Trash Expense: 26562.00
Water / Sewer Expense: 15336.00
Total Expenses: 599029.00
Gross Annual Income: 1019868.00
Laundry Income: 6393.00

Schools

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Listing provided courtesy of Adolph James, Beach City Brokers.
Based on information from California Regional Multiple Listing Service, Inc. as of May 30, 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.