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    25514 January Drive , A

    Torrance, CA 90505
    • $1,775,000
    • STATUS: Active
    • ON SITE: 78 days
    • ID#: PV21070353
    $1,775,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Great investment four-plex in prime area of Torrance; close to shopping and freeways. Located in Walteria area, this property is in turnkey condition. Four updated units with a standalone 3 bedroom / 2 bath home in the front that is ideal for owner use. Rear building has 3 units. Minutes to shops and restaurants. This property features new roof (front and back house), new dual pane vinyl windows, new driveway / carports and new exterior paint. The 3 bedroom house has been updated with granite counters in the kitchen, maple cabinets, stainless appliances and tile floors and has its own washer/dryer hookups separate from the common area laundry. The lower unit in the rear is an oversized one bedroom (currently used as two bedrooms) with three full baths. Upstairs features 2-one bedroom units, one has been remodeled with wood floors, the other is occupied by a long term tenant. Easy to rent and manage. Common laundry room for extra income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-27T16:48:48.38. 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 The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/116957672
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    25514 January Drive , A Torrance, CA 90505

    • Price: $1,775,000
    • Status: Active
    • ID#: PV21070353
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1953
    Built
    Neighborhood:
    125 - Walteria
    County:
    Los Angeles
    Area:
    125 - Walteria
    Property Description
    Great investment four-plex in prime area of Torrance; close to shopping and freeways. Located in Walteria area, this property is in turnkey condition. Four updated units with a standalone 3 bedroom / 2 bath home in the front that is ideal for owner use. Rear building has 3 units. Minutes to shops and restaurants. This property features new roof (front and back house), new dual pane vinyl windows, new driveway / carports and new exterior paint. The 3 bedroom house has been updated with granite counters in the kitchen, maple cabinets, stainless appliances and tile floors and has its own washer/dryer hookups separate from the common area laundry. The lower unit in the rear is an oversized one bedroom (currently used as two bedrooms) with three full baths. Upstairs features 2-one bedroom units, one has been remodeled with wood floors, the other is occupied by a long term tenant. Easy to rent and manage. Common laundry room for extra income.
    Exterior Features

    Architectural Style Other Carport Spaces 4 Carport YN Yes Lot Features 2-5 Units/AcreLandscapedTrees Number Of Separate Electric Meters 5 Parking Features Assigned Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Roof CompositionSee Remarks Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances DishwasherGas RangeHot Water CirculatorRange Hood Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Granite Counters

    Property Features

    Additional Parcels YN No Cap Rate 4.03 Common Interest None Community Features Street LightsSuburbanSidewalks Contingency Listing Agent is Part Owner Of The Property; Please Email All Offers To Mmasuda@Cox.Net And include Completed RpaLender Approval And Proof Of Funds. Expenses And Sf Are Estimates. Buyer To Verify All. Electric Expense 1834 Fuel Expense 0 Garage YN No Gross Income 95380 Gross Scheduled Income 95380 Insurance Expense 1178 Land Lease YN No Laundry Features Common AreaInsideSee Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 68292 New Construction YN No New Taxes Expense 21188 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 27088 Property Condition Turnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 7945 Trash Expense 474 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 1610 Water Source Public Zoning Torr-Md

    Listing provided courtesy of Monica Masuda of Monica Masuda, Realtor


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-27T16:48:48.38. 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 The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    Pasadena CA, 91101