$1,667,000
$1,745,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
8 Baths
5,208 SqFt
SOLD DATE : 12/19/2023
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
Parking Features Garage
Garage Spaces 6.0
Garage Description 6.0
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Umer Khan • Remax Top Team
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "