NOT LISTED FOR SALE
17 Beds
22 Baths
8,227 Sq Ft
7,008 Sq Ft Lot

Last Sold September 28, 2023

Last sale price $3,000,000 $365 Per Sq Ft

16 Days on Market

Highlights

  • New Construction
  • Dual Staircase
  • Private Yard
  • City Lights View
  • Contemporary Architecture
  • Balcony

About This Home

As of September 2023

LIKE NO OTHER: 1605 W. 207th St is a newly constructed 5-unit (fourplex + 2 story ADU) townhouse style apartment building located in the City of Torrance! Completed in 2023, this property is composed of two three-story structures & 1 stand-alone structure with a combined 8,227 SQFT of rentable space sitting on a large 7,008 lot with enough space for easy entry and exit access. The units at this property are significantly larger than other for-rent units typically found in the South Bay market and are perfectly positioned for multi-generational families and work-from-home roommate environments. NON-RENT-CONTROLLED 5-unit made up of (4) 4 bedroom/4.5 bathrooms tri-level townhomes with balconies and (1) one of a kind designed 1 bedroom/1.5-bathroom ADU-must see to appreciate! In addition to the high return, buyers will enjoy other perks including: NO RENT CONTROL, 4 attached garages & 4 additional parking spaces, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come! Tour this property today and and embark on a journey of Luxury, Style and Urban Living at its Finest in Torrance! Minutes away from Redondo Beach, Del Amo Fashion Center, Torrance Promenade, Towne Center and coffee/dining favorites. Commuters enjoy the close proximity to interstate freeways 110 & 405, connecting residents to employment hubs throughout Los Angeles and Orange Counties. Bonus: 1 UNIT is now leased ($4,250). All 1031 exchange Buyers welcome-take advantage of a true 6% cap rate in one of the most sought after cities in the South Bay!

Last Agent to Sell the Property

Xio Sandoval

CENTURY 21 REALTY MASTERS License #01308913 Listed on: 08/30/2023

CENTURY 21 REALTY MASTERS

Last Buyer's Agent

Xio Sandoval

CENTURY 21 REALTY MASTERS License #01308913 Listed on: 08/30/2023

CENTURY 21 REALTY MASTERS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 7,008 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Entry on the 4th floor
  • Turnkey

Interior Spaces

  • 8,227 Sq Ft Home
  • 3-Story Property
  • Dual Staircase
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Gas Oven
  • Six Burner Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 22 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Private Water Source
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 14
  • Tax Tract Number 4983
  • Assessor Parcel Number 7351008014

Community Details

Overview

  • 3 Buildings
  • 5 Units

Building Details

  • 1 Leased Unit
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $3,500
  • Maintenance Expense $2,400
  • New Taxes Expense $34,656
  • Operating Expense $41,756
  • Gross Income $226,368
  • Net Operating Income $184,612

Property Details

Home Type

Multi-Family

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 6.15
  • Inclusions: All appliances
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Architectural Style: Contemporary
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7351008014
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony
  • Stories: 3
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 4
  • Levels: Three Or More
  • Price Per Square Foot: 364.65

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: 6 Burner Stove, Dishwasher, Gas Oven, Gas Water Heater
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Private
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Yard
  • Lot Size Sq Ft: 7008.00
  • Lot Size Acres: 0.1609

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Multiplier: 12.72
  • Gross Operating Income: 226368.00
  • Gross Scheduled Income: 235800.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 7008.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 184612.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Leased: 1
  • Number Of Units Total: 5
  • Operating Expense: 41756.00
  • Rent Control: No
  • Total Actual Rent: 4250.00
  • Total Expenses: 41756.00
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 34656.00
  • Tax Lot: 14
  • Tax Tract Number: 4983

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2023 09/28/23 Sold $3,000,000 0.0% $365 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
08/30/2023 08/30/23 For Sale $3,000,000 +328.6% $365 / Sq Ft
10/19/2021 10/19/21 Sold $700,000 0.0% $697 / Sq Ft View Prior Sale
10/19/2021 10/19/21 Pending -- -- --
10/19/2021 10/19/21 For Sale $700,000 -- $697 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MB23157031

California Regional Multiple Listing Service (CRMLS)

APN: 7351-008-014