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Key Details
Sold Price $1,667,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,208 sqft
Price per Sqft $320
MLS Listing ID 23320203
Sold Date 12/19/23
Bedrooms 12
HOA Y/N No
Year Built 1963
Lot Size 7,474 Sqft
Property Description
Highly Desirable Lomita Location | Adjacent to Lomita Boulevard & 4 Blocks to Torrance Crossroads Shopping Center | All 3-Bedroom/2-Bathroom Units | Each Unit Contains Washer/Dryer Hook-Ups & Individual Hot Water Heaters | Large 5,208-SF Building on a 7,476-SF Lot | Desirable Opportunity to Add Up to 2 ADUs (Accessory Dwelling Units) | Total of 6 Garage Spaces (2 Double-Car & 2 Single-Car Garages) | No Local Rent Control - Defaults to AB 1482 | Tremendous Value-Add Opportunity - Approximately 70% in Rental Upside | 7.29% Pro-Forma Cap Rate & 10.39 Pro-Forma GRM | Residential Asset - Perfect Owner-User Opportunity Close Proximity to Rolling Hills Plaza, Torrance Memorial Medical Center, Palos Verdes, Rolling Hills Estates, Torrance Beach & Redondo Beach
Location
State CA
County Los Angeles
Area 121 - Lomita
Zoning LOCG*
Interior
Fireplace No
Appliance Washer
Exterior
Garage Garage
Garage Spaces 6.0
Garage Description 6.0
Parking Type Garage
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7374015011
Special Listing Condition Standard
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Bought with Umer Khan • Remax Top Team
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