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    1605 W 208th Street

    Torrance, CA 90501
    • $950,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: SB20099592
    UPDATED: 80 min ago
    $950,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,568
      SQFT
    • $266
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1952
    County:

    School Ratings & Info

    Description

    1605 W 208th Street is a 5-unit property located in the Torrance 90501 section of Los Angeles. This property has a unit mix consisting of one 2-bed/ 1-bath unit and four 1-bed/ 1-bath units. The building is situated on a large 7,686 SF lot with 3,568 SF of total living area. This corner lot property is centrally located and in close proximity to the 110 & 405 FWYs. This property is an ideal value-add opportunity for any investor. Owner will coop with an 1031 and will also consider contingent offers. Plenty of parking. The front unit has 2 parking spaces and a big front yard. Once rents are at market, it will be an 11 GRM buildings, and yield a 6.0% cap rate to the owner.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-11T00:26:33.92. 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 deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/106761224
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    1605 W 208th Street Torrance, CA 90501

    • Price: $950,000
    • Status: Active
    • Updated: 80 min ago
    • ID#: SB20099592
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    3,568
    SQFT
    $266
    $/SQFT
    1952
    Built
    Neighborhood:
    122 - Harbor Gateway
    County:
    Los Angeles
    Area:
    122 - Harbor Gateway
    Property Description
    1605 W 208th Street is a 5-unit property located in the Torrance 90501 section of Los Angeles. This property has a unit mix consisting of one 2-bed/ 1-bath unit and four 1-bed/ 1-bath units. The building is situated on a large 7,686 SF lot with 3,568 SF of total living area. This corner lot property is centrally located and in close proximity to the 110 & 405 FWYs. This property is an ideal value-add opportunity for any investor. Owner will coop with an 1031 and will also consider contingent offers. Plenty of parking. The front unit has 2 parking spaces and a big front yard. Once rents are at market, it will be an 11 GRM buildings, and yield a 6.0% cap rate to the owner.
    Exterior Features

    Construction Materials Stucco Lot Features 2-5 Units/AcreCorner LotLot 6500-9999Rectangular LotLevelNear Public Transit Lot Size Units Square Feet Parking Total 6.00 Roof Asbestos Shingle Topography Flat

    Interior Features

    Condo Area Units Square Feet Heating Wall Furnace Heating YN Yes Laundry Features Common Area

    Property Features

    Accounting Type Actual Additional Parcels YN No Asset Class Multi-Family Building Area Units Square Feet Building Status Existing Country Us Electric Standard Electric Expense 280.00 Expense Year 26303 Gross Scheduled Income 75400.00 Insurance Expense 2505.00 Investment Property YN Yes Land Lease YN No Land Use Multi-Family Laundry Equipment Own Lease Own Laundry Income 1100.00 Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN No Living Area Source Public Records Maintenance Expense 2574.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 47006.00 Number Of Units Leased 5 Occupancy Occupied Operating Expense 26152.00 Other Income1 0.00 Professional Management Expense 5047.00 Property Sub Type Multi Family Residential Square Footage 3568 Special Listing Conditions Standard Total Expenses 26152.00 Total Monthly Rent 4541 Trash Expense 339.00 Utilities Cable ConnectedElectricity ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 1390.00 Water Source Public Year Built Source Public Records Zoning Lard1.5

    Listing provided courtesy of Nick Peters of Engel & Volkers La-South Bay and Alexander Blagoi of Engel & Volkers La-South Bay


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-11T00:26:33.92. 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 deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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