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$1,949,000

1573 Torrance Boulevard
Torrance, CA 90501

For Sale|Multi-Family|Active
Subdivision:
County:
Los Angeles

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1573 Torrance Boulevard1573 Torrance Boulevard1573 Torrance Boulevard1573 Torrance Boulevard
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1573 Torrance Boulevard presents an excellent opportunity to acquire an asset with a great unit mix in the desirable inland South Bay rental market and capture a major 46 percent potential upside in rents. 1573 Torrance Boulevard is a 1963 construction with six two-bedroom/one-bath and three one-bedroom/one-bath units that are separately metered for gas and electricity. Four of the units feature private balconies, one unit boasts a large private back patio, and one unit has tapped into a garage for additi 1573 Torrance Boulevard presents an excellent opportunity to acquire an asset with a great unit mix in the desirable inland South Bay rental market and capture a major 46 percent potential upside in rents. 1573 Torrance Boulevard is a 1963 construction with six two-bedroom/one-bath and three one-bedroom/one-bath units that are separately metered for gas and electricity. Four of the units feature private balconies, one unit boasts a large private back patio, and one unit has tapped into a garage for additional living space. The property also offers on-site laundry and ample tuck-under and surface parking. Recent improvements include a new roof, which is currently being installed and will be completed before close of escrow, a new main water heater, and recent interior upgrades. The property is located one block east of Western Avenue and offers convenient access to the 405 and 110 Freeways as well as the popular dining, shopping, and entertainment options in Old Town Torrance. Investors should also take in consideration the opportunity this property offers to the possibility of building an accessory dwelling unit (ADU) addition (buyer to verify). An accessory dwelling unit (ADU) is a smaller, independent residential dwelling unit located on the same lot as a stand-alone (i.e., detached) residential building.

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Listing Snapshot
Price
$1,949,000
Days Online
63 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Partial Baths
N/A
Lot Size
0.1725 Acres
Year Built
1963
MLS Number
PW20196974
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS
2 months agoListing first seen online
General Features
Terms
Cash
Stories
2 Story
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Exterior Features
Water
Meter on Property
Pool
N/K
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Steven M. Bogoyevac, Broker

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2018-present San Diego MLS®.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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