$1,350,000 Price Analysis   ♡   Torrance, CA 90501 8 bed 9 bath 4,586 SqFt ($294/SqFt) 7,200SqFt lot. Built 1986 Listed 2024-03-21, Taxes $6,305 | Ⓧ USDA Ineligible due to price & location near Torrance |
1533 W 224th St is a 6-unit Apartment Building constructed in 1986.
* Sale Pending *Nestled in the vibrant neighborhood of Torrance, CA, this charming property offers residents a blend of modern comfort and urban convenience. The property provides an investor the opportunity to significantly improve the rents to be n line with the current rental market. This property is perfect for an investor looking for a value-added opportunity located in a growing rental market. Boasting a strategic location minutes from the Pacific Ocean, this property taps into Torrance's allure as a hub of economic activity and coastal living, offering investors a gateway to the thriving South Bay region of Los Angeles County.
Investors at 1533 W 224th St benefit from the city's diverse business landscape and strong job market, positioning this property as a lucrative asset in any portfolio.Additionally, the property enjoys easy access to several major highways, including Interstate 405 (I-405), Interstate 110 (I-110) and State Route 1 (SR-1), providing convenient routes for commuters traveling throughout the Greater Los Angeles area. With its desirable location, modern amenities and proximity to parks, beaches and major highways, 1533 W 224th St presents an exceptional opportunity for those seeking to blend stability with growth potential.
Presented by Taylor Avakian at
Lyon Stahl Investment Re, Inc.
Property MLS #24-371403 from TheMLSCLAW
Full Bathrooms: 9
Lot Size Dimensions: 40x180
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7200
Parking Total: 10
Calculated Total Monthly Association Fees: 0
Number of Units: 6
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 8850, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 4900, 3 BathsTotal: 1, 3 SquareFeet: 1600
County: Los Angeles
Cap Rate: 5.29
Directions: Starting from the 405 Freeway, head south on the I-405 S. Take exit 38 for Crenshaw Blvd, and keep right at the fork, following signs for Crenshaw Blvd S. Merge onto Crenshaw Blvd and continue straight for approximately 3 miles. Then, turn left onto W 223rd St. Take the first right onto Halldale Ave, and then turn left onto W 224th St.
Source Property Type: Residential Income
Area: Harbor Gateway
Source Neighborhood: Harbor Gateway
Parcel Number: 7347-002-029
Postal Code Plus 4: 4200
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $229,863 + $167,933 $397,796 | $6,305 |
| 2021 | $225,356 + $164,641 $389,997 | $6,203 |
| 2020 | $477,543 + $742,845 $1,220,388 | $6,257 |
| 2019 | $468,180 + $728,280 $1,196,460 | $15,660 |
| 2018 | $214,386 + $156,626 $371,012 | $5,888 |
| 2017 | $210,183 + $153,555 $363,738 | $5,726 |
| 2016 | $206,062 + $150,545 $356,607 | $5,553 |
| 2015 | $202,967 + $148,284 $351,251 | $5,472 |
| 2014 | $198,992 + $145,380 $344,372 | $5,509 |
| 2013 | $198,093 + $144,723 $342,816 | $5,481 |
| 2012 | $194,209 + $141,886 $336,095 | $5,536 |
| 2010 | $190,401 + $139,104 $329,505 | $5,349 |
| 2009 | $189,427 + $138,393 $327,820 | $5,108 |
| 2009 | $188,978 + $138,065 $327,043 | $5,108 |
| 2008 | $185,713 + $135,680 $321,393 | $4,895 |
| 2007 | $182,072 + $133,020 $315,092 | $4,710 |
$1,350,000
TheMLSCLAW
Price Changed 2024-05-13
$1,425,000
TheMLSCLAW
Listed 2024-03-21
$1,750,000
TheMLSCLAW
Year Built: 1986
Common Walls: Attached
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 38
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.