Listed by Daniel Shieh, Lyon Stahl Investment Real Estate, Inc.,

16112 VAN NESS Avenue

Torrance, CA, 90504

$2,725,000

$355 per ft²
$2,725,000
$355 per ft²
Sold
Sold
carpenters-square
7,660 ft²
property_type
Multi-family
calendar
Built 1957
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.
MLS® ID:
22155479
Listed:
5/10/22
Updated:
8/11/22
Vista | Sotheby's International Realty
Gerard Bisignano

Interior Features

Kitchen Appliances
Vented Exhaust Fan
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Ceiling Fan(s)
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
8,957 ft² lot

Other Property Details

Area Name
133 - N Torrance - East
Garage
No
Parking
One Space, Side By Side, Uncovered
Parking Total
10.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
TORR-MH

Property History

Date
Event
Price
Value
7/12/22
Sold
-
-
7/12/22
Price Change
$2,725,000
-2%
6/23/22
Active Under Contract
-
-
6/8/22
Active
-
-
5/25/22
Pending
-
-

 

Listed by Daniel Shieh, Lyon Stahl Investment Real Estate, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/11/22. 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, 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.

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Data last updated 6:23 PM UTC, 8/11/22

Vista | Sotheby's International Realty
Gerard Bisignano
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