Listed by Jonathan Nikfarjam, Shield CRE, Inc.,

23802 Ocean Avenue

Torrance, CA, 90505

$2,150,000

$436 per ft²
$2,150,000
$436 per ft²
Sold
Sold
beds
9 Beds
baths
7 Baths
carpenters-square
4,926 ft²
property_type
Multi-family
calendar
Built 1964
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
MLS® ID:
22176487
Listed:
7/6/22
Updated:
9/28/22
Vista | Sotheby's International Realty
Gerard Bisignano

Interior Features

Total Bedrooms
9
Total Bathrooms
7
Laundry Description
Common Area

Exterior/Building Features

Lot Size
7,330 ft² lot

Other Property Details

Area Name
129 - South Torrance
Garage
Yes
Garage Spaces
4
Parking
Garage
Parking Total
4.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
TORR-MD

Property History

Date
Event
Price
Value
9/27/22
Sold
-
-
9/27/22
Price Change
$2,150,000
-4%
9/1/22
Active Under Contract
-
-

 

Listed by Jonathan Nikfarjam, Shield CRE, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/28/22. 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 1:47 PM UTC, 9/28/22

Vista | Sotheby's International Realty
Gerard Bisignano
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