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Listing 5 out of 172
Sold for $2,500,000 Sold

2501 W 182nd Street
Torrance, CA 90504

9 units | Multi Family Home
10620 sq ft lot - MLS# 19422644
Property Photo

Sold

Sold for $2,500,000 on Mar 14, 2019

Description

This 9-unit apartment building is an opportunity for an investor to purchase a non-rent controlled multifamily property in the dense rental market of North Torrance. The property boasts a stabilized income stream with long term upside as the surrounding area continues to appreciate. Located less than 1.4 miles away from El Camino College. The property is conveniently located near popular retail shops and restaurants including King's Hawaiian and Nijiya Market. Tenants also appreciate the easy access to the 405, 91, and 110 Freeways.The property consists of a desirable unit mix of (8) two bedroom/one bathroom and (1) single unit. Two-bedroom units in this immediate area are currently renting from $1800 to $1,900. There is a laundry area located-onsite. The property has a carport with 9 spaces and ample street parking. All the units except for the single are individually metered for gas and electricity.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $2,500,000
  • Zip Code: 90504
  • Year Built: 1959
  • Units: 9 units
  • Lot Size: 10620 sq ft lot
  • Zoning: TORR-MD
  • Area: 133 - N Torrance - East
  • Building Area Total: 6671.00
  • Cap Rate: 2.66
  • Cooling: See Remarks
  • Cooling YN: Yes
  • Directions: Easy access to the 405, 91, and 110 Freeways.
  • Gross Multiplier: 19.07
  • Gross Operating Income: 127203.00
  • Improvements Amount: 142783
  • Land Value: 76662
  • Laundry Features: See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 01320460
  • Listing Office License: 01972189
  • Lot Size Area: 10620.0000
  • Lot Size Units: Square Feet
  • MLS: CL
  • Net Operating Income: 66380.00
  • Number Of Buildings: 1
  • Parking Features: Assigned
  • Parking YN: Yes
  • Selling Agent: David Harrington
  • Selling Agent License: 01320460
  • Selling Office: Matthews Real Estate Investmen
  • Selling Office License: 01972189
  • Stories Total: 2
  • Total Expenses: 60823.00
  • Sold Price: 2500000.00
  • Sold Date: 2019-03-14
Courtesy of Matthews Real Estate Investmen, David Harrington

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Sheri McHale-Moody
RE/MAX Estate Properties

1416 W. 25th St
San Pedro, CA 90732
Phone: 310-940-1516
Email: sherimoody10@gmail.com

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