Torrance CA  home offered at $2,250,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

23802 Ocean Avenue
Torrance, California CA 90505-5801
Sold For: $2,150,000
Listing ID: 22176487
Price/SqFt: $456.76
Status: Closed
Sold Date: 9/23/2022
SqFt: 4,926 Sq Ft
Acres: 0.168 Acres
Year 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

Primary Features

County: Los Angeles
Price/SqFt: 456.76
Property Type: Residential Income
Year Built: 1964
Zoning: TORR-MD

Interior

Garage Spaces: 4
Laundry: yes
Laundry Features: Community
Stories Total: 2

External

Lot Size Area: 7330
Lot Size Source: Estimated
Lot Size Square Feet: 7330
Number Of Buildings: 1
Parking: yes
Parking Features: Garage
Parking Total: 4

Location

Country: US
MLS Area Major: 129 - South Torrance

Additional

Association: no
Days On Market: 56
List Agent State License: 01856803
List Office State License: 02081496
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 4
Number Of Units Total: 4
Parcel Number: 7378012056
Senior Community: no
Year Built Source: Estimated

Financial

Cap Rate: 3.56
Gross Multiplier: 18.47
Gross Operating Income: 118146
Net Operating Income: 80031
Price Per Unit: 562500
Special Listing Conditions: Standard
Taxes Percent: 1.25
Total Expenses: 38115

Zoning Info


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Listed by: JonathanNikfarjam, DRE #01856803 from Shield CRE, Inc. 310-593-9869

Contact - Listing ID 22176487

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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