Seller's Agent in 2024
Brok Butcher
Butcher Realty
(310) 710-6387
1 in this area
10 Total Sales
23870 Los Codona Ave Torrance, CA 90505
South Torrance Neighborhood
3
Beds
3
Baths
11,738
Sq Ft
0.4
Acres
Highlights
- 0.4 Acre Lot
- Corner Lot
- Living Room
- Joseph Arnold Elementary School Rated A
- Galley Kitchen
- Laundry Room
About This Home
As of November 202418 unit residential apartment building in prime Walteria/South Torrance area. Situated in a strong rental market, this well maintained building offers a mix of spacious 1 & 2 bedroom apartments with 1 studio & a bonus unit. -INCOME- Current gross scheduled income is $290,352/year. However, pro forma/market rents could bring the Gross scheduled income conservatively to around $425,000/year. -LAYOUT- Large 11,738 sqft building on a 17,440 sqft lot. 25 bedrooms in total with 19 bathrooms and a bonus, 450 sqft studio that is currently being used for storage. 9 (1 bedroom/1 Bath), 8 (2 bedrooms/1 Bath) & 1 (Studio). Total of 18 garage spaces; 8 covered garages w/ auto door openers & 10 covered garages. Co-Op shared laundry room w/ 2 washing machines & 2 dryers. Rent includes trash & water while tenants pay electrical, gas, cable, etc. Each unit comes with a stove. -SCHOOLS- Top rated school district in the country; 10/10 South High school, 9/10 elementary and middle schools. -MAINTENANCE/UPDATES- Exceptionally Maintained throughout the years w/ a new roof in 2020, new dual pane windows & gutters throughout (2017), new sprinklers covering the entire lot (2017), water heater (2017), most individual fuse boxes are less than 10 years old, & exterior painting of entire building was completed in 2017. -LOCATION- Groceries, shopping, restaurants all within a 1 mile radius, 6 min drive to the Hollywood Riviera in Redondo Beach, 7 mins to the Pacific Ocean, 5 min drive to the Palos Verdes Peninsula & 25 mins to LAX airport. Centrally located in the heart of highly distinguished Walteria/South Torrance area & a rare opportunity to own a generational, top tier property!
Last Agent to Sell the Property
Butcher Realty Brokerage Phone: 310 710-6387 License #01880217 Listed on: 08/20/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 0.4 Acre Lot
- Two or More Common Walls
- Corner Lot
- Density is 16-20 Units/Acre
Parking
- 8 Car Garage
- 10 Carport Spaces
- Parking Available
- Assigned Parking
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 11,738 Sq Ft Home
- 2-Story Property
- Living Room
- Storage
- Laundry Room
- Galley Kitchen
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Utilities
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 16
- Tax Tract Number 80
- Assessor Parcel Number 7378008080
- $3,655 per year additional tax assessments
Community Details
Building Details
- 18 Leased Units
- Rent Control
- 19 Separate Electric Meters
- 19 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,636
- Fuel Expense $6,686
- Gardener Expense $1,920
- Insurance Expense $4,303
- Maintenance Expense $8,000
- Pest Control $1,960
- Professional Management Expense $24,000
- Supplies Expense $300
- Trash Expense $17,934
- Water Sewer Expense $8,050
- New Taxes Expense $78,740
- Operating Expense $140,289
- Gross Income $290,352
- Net Operating Income $141,352
Additional Features
- 18 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2024 11/06/24 | Sold | $4,225,000 | -15.5% | $360 / Sq Ft |
| 10/17/2024 10/17/24 | Pending | -- | -- | -- |
| 10/17/2024 10/17/24 | Price Changed | $5,000,000 | -19.4% | $426 / Sq Ft |
| 08/20/2024 08/20/24 | For Sale | $6,200,000 | -- | $528 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,655 | $5,400,000 | $1,500,000 | $3,900,000 |
| 2024 | $9,655 | $535,975 | $124,960 | $411,015 |
| 2023 | $9,501 | $525,466 | $122,510 | $402,956 |
| 2022 | $9,368 | $515,163 | $120,108 | $395,055 |
| 2021 | $9,136 | $505,062 | $117,753 | $387,309 |
| 2019 | $8,914 | $491,223 | $114,261 | $376,962 |
| 2018 | $8,451 | $481,614 | $112,021 | $369,593 |
| 2016 | $7,918 | $461,819 | $107,672 | $354,147 |
| 2015 | $7,752 | $454,883 | $106,055 | $348,828 |
| 2014 | $7,691 | $445,973 | $103,978 | $341,995 |
Source: Public Records
Agents Affiliated with this Home
-
Brok Butcher
-
Martin Ensbury
Buyer's Agent in 2024
Martin Ensbury
Lyon Stahl Investment Real Estate, Inc.
(310) 376-4600
1 in this area
30 Total Sales
-
Kyle Soto
Buyer Co-Listing Agent in 2024
Kyle Soto
Lyon Stahl Investment Real Estate, Inc.
(310) 896-6055
1 in this area
3 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV24169147
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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