Sold
16112 VAN NESS Avenue
Torrance CA, 90504
$2,725,000
$355.74 per sqft
Sold
7,660 sqft
Residential
Built in 1957
Listed by Daniel Shieh with Lyon Stahl Investment Real Estate, Inc. 310-425-9838
16112 Van Ness Avenue is a well-maintained, 9+1 unit apartment building comprised of four (4) 1 bed/1 bath, five (5) 2 bed/1 bath, and one (1) non-conforming bachelor's unit. Unit 6 (2+1) is currently vacant, all tenants are current and paid in full. Over 20% rent upside. Seller has taken great care of property; copper plumbing throughout, a new security gate and fence was installed in 2018, a new roof was installed in 2015. Seven of the units have been updated with new kitchen cabinets, granite countertops, bathtubs and flooring during current ownership. Ten dedicated parking spots in the rear of the building. Great opportunity to hedge against inflation and own in a strong rental market. Contact LA1 for Offering Memorandum.
22155479
MLSⓇ ID
May 11, 2022
Listed
March 23, 2024
Updated
Map
16112 VAN NESS Avenue
Torrance CA, 90504
Interior Features
Total Stories
2
Interior Features
Ceiling Fan(s)
Appliances
Vented Exhaust Fan
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.21 Acres
Other Property Details
Area Name
133 - N Torrance - East
Days on Market
25
Garage
No
Parking
One Space, Side By Side, Uncovered
Parking Total
10
View
No
County
Los Angeles
Pool
No
Zoning
TORR-MH
Buyer Agency Compensation
2.5%
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:42 AM UTC