23802 Ocean Avenue, Torrance CA, 90505

Sold

23802 Ocean Avenue

Torrance CA, 90505

$2,150,000

$436.46 per sqft

Sold

9 Beds

7 Baths

4,926 sqft

Residential

Built in 1964

Listed by Jonathan Nikfarjam with Shield CRE, Inc. 310-593-9869

Highly Desirable South Torrance Location - West of Hawthorne Boulevard | Approximately 2 Miles from the Beach, Riviera Village & Palos Verdes | Great Unit Mix of 2-Bedroom & 3-Bedroom Units | No Local Rent Control - Defaults to AB 1482 | 4,926-Square Feet of Living Space on Large 7,330-Square Foot Corner Lot | Front 3-Bedroom Unit with New Counters, New Bathroom Fixtures, New Electrical Panel, New AC/Heat with Washer/Dryer Hook-Ups & Large Private Patio | Unit #2 Contains Remodeled Kitchen, New Floors & Re-Done Stairs | Unit #4 Contains New Counters, Sink, Backsplash, Re-Done Deck & New Hot Water Heater (2022) | All-Electric Building with Newer Roof (2015), Water-Efficient Landscaping and All New Exterior Concrete, Patio Fences, Gutters & Downspouts | On-Site Laundry Facility & Total of 4 Garage Spaces | Close Proximity to Rolling Hills Plaza, Del Amo Fashion Center & Torrance Crossroads Shopping Center | 3.56% Current CAP Rate & 18.47 Current GRM | Approximately 20% in Rental Upside - 4.59% Pro-Forma CAP Rate & 15.43 Pro-Forma GRM | Qualifies for Residential Financing | Perfect Owner User Opportunity

22176487

MLSⓇ ID

July 7, 2022

Listed

March 23, 2024

Updated

Map

23802 Ocean Avenue
Torrance CA, 90505

Interior Features

Total Stories: 2
Bedrooms: 9 Beds
Bathrooms: 7 Baths
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.17 Acres

Other Property Details

Area Name: 129 - South Torrance
Days on Market: 56
Garage: Yes
Garage Spaces: 4
Parking: Garage
Parking Total: 4
View: No
County: Los Angeles
Pool: No
Zoning: TORR-MD
Buyer Agency Compensation: 2%

Listing Contact: 310-593-9869

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.

Data last updated on 3/23/2024 at 1:50 AM UTC