$2,200,000 Price Analysis   ♡   Torrance, CA 90503 7 bed 6 bath 3,693 SqFt ($595/SqFt) 6,947SqFt lot. Built 1961 Listed 2024-06-27, Taxes $7,868 | Ⓧ USDA Ineligible due to price & location near Torrance |
RARE opportunity First time on the market in 25 years!
* Sale Pending *Nestled in the highly cveted West High neighborhood of Torrance, this meticulously cared-for 4 unit gem presents an unparalleled investment opportunity in a prime location. Situated 1.5 miles from the beach and on an expansive 6, 900+ sqft lot, this 4-plex features a diverse unit mix: (1) 3-bedroom/2-bathroom, (1) 2-bedroom/2-bathroom and (2) 1-bedroom/1-bathroom units, all separately metered for electric. This versat ile property showcases pride of ownership and offers unlimited possibilities for owner/users seeking passive rental income, multigenerational living or investors seeking rental income while building out their real estate portfolio.
Youll love the impeccably maintained landscaping with a vibrant rose garden and fruit trees (lime, orange and lemon), the convenience of garage spaces for each unit with updated automatic garage doors, a new main sewer line, new drain lines, remodeled community laundry room and a fantastic neighborhood near it all Award-Winning Torrance Unified schools (walking distance to West High and Victor Elementary), parks and minutes from the Del Amo Fashion Center where you will find fantastic shopping, dining and entertainment. Dont miss out on this opportunity to own this extraordinary investment property in West Torrance!
Presented by Tiffany Mcguinness at
RE MAX Estate Properties.
Property MLS #SB24123393 from CRMLS
Appliances YN: Yes
Laundry Features: Common Area, Dryer Included, Inside, Washer Included
Heating Features: Forced Air
Heating: Yes
Lot Size Acres: 0.1594812
Lot Size Source: Assessor
Lot Size Square Feet: 6947
Parking Features: Parking YN: Yes, Parking Features: Garage
Parking Total: 5
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 2
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 2
Gardener Expense: 1800.00
County: Los Angeles
Source Property Type: Residential Income
Insurance Expense: 2760.00
Area: 131 - West Torrance
Source Neighborhood: 131 - West Torrance
New Taxes Expense: 27500.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 7519002004
Pest Control Expense: 360.00
Postal Code Plus 4: 4143
Trash Expense: 960.00
Zoning: TORR-MD
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $422,349 + $205,334 $627,683 | $7,868 |
| 2021 | $414,068 + $201,308 $615,376 | $7,735 |
| 2020 | $409,823 + $199,244 $609,067 | $7,625 |
| 2019 | $401,788 + $195,338 $597,126 | $7,517 |
| 2018 | $393,910 + $191,508 $585,418 | $7,216 |
| 2017 | $386,187 + $187,753 $573,940 | $7,066 |
| 2016 | $378,615 + $184,072 $562,687 | $6,852 |
| 2015 | $372,928 + $181,308 $554,236 | $6,704 |
| 2014 | $365,623 + $177,757 $543,380 | $6,551 |
| 2013 | $363,971 + $176,954 $540,925 | $6,470 |
| 2012 | $356,835 + $173,485 $530,320 | $6,396 |
| 2010 | $349,839 + $170,084 $519,923 | $6,183 |
| 2009 | $348,050 + $169,215 $517,265 | $6,088 |
| 2009 | $347,225 + $168,813 $516,038 | $6,088 |
| 2008 | $341,226 + $165,898 $507,124 | $5,770 |
| 2007 | $334,536 + $162,646 $497,182 | $5,618 |
$2,200,000
CRMLS
Sold 1999-01-15
$430,000
Public Record
Year Built: 1961
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Ground Level
Property Age: 63
Property Attached: Yes
Levels or Stories: Multi/Split
Building Total Stories: 2
Structure Type: Quadruplex
Year Built Source: Assessor
Water Source: Public
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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.