$1,950,000
$1,975,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
6,303 Sqft Lot
SOLD DATE : 08/26/2024
Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24147515
Sold Date 08/26/24
HOA Y/N No
Year Built 1963
Lot Size 6,303 Sqft
Property Description
This prime fourplex investment opportunity in the heart of Torrance offers an exceptional chance for both seasoned and first-time investors. Located in the desirable West Torrance neighborhood, this well-maintained property is surrounded by top-rated schools, parks, shopping centers, and dining options, making it an attractive option for tenants.
The fourplex comprises four spacious units with a total of 4,271 square feet of living space. The units include a 3 bed, 2 bath; a 2 bed, 2 bath; a 2 bed, 1 bath; and a 1 bed, 1 bath, providing comfortable living spaces ideal for families, professionals, and individuals alike. The property sits on a generous 6,500 square foot lot, featuring a well-kept front yard and a private backyard area perfect for relaxation and outdoor activities. Each unit comes with assigned parking in attached garages. The 3-bedroom unit gets 2 spaces, while the other units each get 1 space, ensuring convenience and security for all residents.
Two of the units have been fully remodeled, and the roof on the back building was just replaced last week, showcasing the meticulous care provided by the current owner. On-site laundry facilities add to the convenience and appeal of the property.
Situated in a quiet, family-friendly neighborhood with easy access to major highways, public transportation, and the beautiful South Bay beaches, this property is ideally located. It is also zoned for the highly regarded Torrance Unified School District, known for its excellent educational opportunities. With stable rental income and high demand for rental properties in the area, this fourplex presents a solid income-generating investment.
Whether you’re looking to expand your investment portfolio or secure a property with great rental potential, this fourplex is a fantastic choice. Experience the best of Torrance living with this versatile and profitable property. Schedule your private tour today and envision the possibilities this investment has to offer.
Location
State CA
County Los Angeles
Area 131 - West Torrance
Zoning TORR-MD
Rooms
Ensuite Laundry Common Area, Laundry Room, Outside
Interior
Laundry Location Common Area,Laundry Room,Outside
Heating Central
Cooling None
Flooring Carpet, Vinyl
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room, Outside
Exterior
Garage Assigned, Garage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Street Lights, Sidewalks
Parking Type Assigned, Garage
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two,Multi/Split
Sewer Public Sewer
Water Public
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 7524027009
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Financing Cash
Special Listing Condition Standard
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Bought with Grace Lee • Max Mega Group
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Broker Associate | Lic# 01905244