NOT LISTED FOR SALE
6 Beds
5 Baths
42,612 Sq Ft
1.14 Acres

Last Sold December 03, 2019

Last sale price $17,545,000 $412 Per Sq Ft

171 Days on Market

Highlights

  • In Ground Pool
  • 1.14 Acre Lot
  • 52 Attached Carport Spaces
  • Victor Elementary School Rated A
  • Laundry Room
  • Landscaped

About This Home

As of December 2019

NEWLY Built/Remodeled Studios and 1BD 1BA!!

WASHER AND DRYERS IN EACH UNIT with STAND ALONE AC UNIT INCLUDED!

NEWLY STUDIO — New apartments with: Shaker white cabinets in the kitchen and bathrooms, white quartz counters, tile floors in the bathroom, stylish wood laminate floors in the living room, kitchen & bedrooms, SOAKING (DEEP) tub, STAINLESS STEEL APPLIANCES (dishwasher, range, microwave & refrigerator), WASHER and DRYER in unit, fixtures and SMOOTH CEILINGS throughout!

The exterior has received a fresh and modern makeover with: BRAND NEW siding and smooth stucco, new roof, windows (newer), fresh paint, BBQs (2x) / fire pits, lounge chairs, couch and tables - perfect for al fresco entertaining! Brand new OPEN-AIR GYM with new NordicTrack Bikes and other gym equipment. There is also a bathroom attached to the gym. Brand new remodeled pool area with chaise lounge chairs, fire pits and beautiful, new, tropical landscaping. New water and electric solar panels for the building as well as new copper plumbing and sewer drain lines!

This tropical oasis, positioned in the heart of the South Bay region of Los Angeles, is a true gem where you will feel welcome and relaxed as soon as you enter! Torrance boasts some of the most highly rated schools in the southland. Whether you are interested in soaking up the sun at one of the South Bay’s premier beaches, exploring Torrance’s burgeoning, widely-acclaimed craft brewery scene or enjoying one of the excellent restaurants in historic Old Torrance, you will only be minutes away!

LESS THAN FIVE MINUTES AWAY: Many diverse restaurants, public transport areas, the highly acclaimed Del Amo Mall, Torrance Cultural Arts Center with many classes available, parks, schools, Torrance Art Museum, historic Old Torrance, Torrance City Hall, award-winning medical centers, Honda headquarters, craft breweries including Monkish and Absolution, several hotels and some of the best Japanese restaurants in the country!

OTHER NEARBY AMENITIES: Torrance Beach, Redondo Beach, Hermosa Beach, Redondo Pier, King Harbor, the 405 freeway, the 110 freeway, El Camino College, the Port of Los Angeles, Terranea Resort, Downtown LA, LAX, hiking trails, water sports and much, much more!

Last Agent to Sell the Property

Adolph James

Beach City Brokers License #00389293 Listed on: 03/12/2019

Last Buyer's Agent

Brady Bohlinger

Bohlinger Properties, Inc. License #01982518

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 1.14 Acre Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • 42,612 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 52 Parking Spaces
  • 52 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Laundry Room
  • In Ground Pool
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 3458
  • Assessor Parcel Number 7524013043

Community Details

Recreation

  • Community Pool

Building Details

  • 49 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $14,019
  • Fuel Expense $8,476
  • Insurance Expense $31,219
  • Professional Management Expense $51,295
  • Trash Expense $26,562
  • Water Sewer Expense $15,336
  • New Taxes Expense $249,375
  • Operating Expense $599,029
  • Gross Income $1,019,868
  • Net Operating Income $471,539

Additional Features

  • 49 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 2.60
  • Improvements Amount: 1229517
  • Improvements Percent: 76.00
  • Professional Management Expense: 51295.00
  • Property Attached: Yes
  • Water Sewer Expenses: 15336.00
  • Zoning: TORR-MH
  • Property Type: Residential Income
  • Parcel Number: 7524013043
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 411.74

Exterior Features

  • Pool Features: Community, In Ground
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 52.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport
  • Total Parking Spaces: 52.00

Utilities

  • Utilities: Cable Connected
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Sewer: Public Sewer
  • Trash Expense: 26562.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Land Value: 389782
  • Land Value Percent: 24.00
  • Lot Features: Landscaped, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 49871.00
  • Lot Size Acres: 1.1449

Multi Family

  • Electric Expense: 14019.00
  • Fuel Expense: 8476.00
  • Gross Income: 1019868.00
  • Gross Multiplier: 18.63
  • Gross Scheduled Income: 1070568.00
  • Insurance Expense: 31219.00
  • Laundry Income: 6393.00
  • Lot Size Area: 49871.0000 Square Feet
  • Net Operating Income: 471539.00
  • Number Of Separate Electric Meters: 49
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 49
  • Operating Expense: 599029.00
  • Rent Control: No
  • Total Expenses: 599029.00

Tax Info

  • New Taxes Expense: 249375.00
  • Tax Census Tract: 6506.04
  • Tax Lot: 10
  • Tax Tract Number: 3458

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 Change Sq Ft Price
07/22/2024 07/22/24 Price Changed $2,175 +14.8% $6 / Sq Ft
02/14/2024 02/14/24 Price Changed $1,895 -1.6% $5 / Sq Ft
02/01/2024 02/01/24 Price Changed $1,925 -3.5% $5 / Sq Ft
02/01/2024 02/01/24 For Rent $1,995 0.0% --
09/14/2022 09/14/22 Price Changed $1,995 -3.9% $5 / Sq Ft
09/06/2022 09/06/22 Price Changed $2,075 -4.6% $6 / Sq Ft
07/16/2022 07/16/22 Price Changed $2,175 -4.4% $6 / Sq Ft
07/15/2022 07/15/22 For Rent $2,275 0.0% --
12/03/2019 12/03/19 Sold $17,545,000 -4.1% $412 / Sq Ft
08/30/2019 08/30/19 Pending -- -- --
08/22/2019 08/22/19 Price Changed $18,295,000 -3.7% $429 / Sq Ft
07/31/2019 07/31/19 Price Changed $18,990,000 -4.8% $446 / Sq Ft
05/20/2019 05/20/19 For Sale $19,950,000 0.0% $468 / Sq Ft
05/09/2019 05/09/19 Pending -- -- --
04/29/2019 04/29/19 Price Changed $19,950,000 -6.1% $468 / Sq Ft
04/25/2019 04/25/19 For Sale $21,249,000 +21.1% $499 / Sq Ft
04/24/2019 04/24/19 Off Market $17,545,000 -- --
04/03/2019 04/03/19 Price Changed $21,249,000 -3.4% $499 / Sq Ft
03/12/2019 03/12/19 For Sale $21,999,000 -- $516 / 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: SB19022029

California Regional Multiple Listing Service (CRMLS)