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    1573 Torrance Boulevard

    Torrance, CA 90501
    • $1,949,000
    • STATUS: ACTIVE
    • ON SITE: 121 days
    • ID#: 302872171
    $1,949,000
    • 3
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    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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    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. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.callstein.com/homes/110470752
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    1573 Torrance Boulevard Torrance, CA 90501

    • Price: $1,949,000
    • Status: ACTIVE
    • ID#: 302872171
    3
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1963
    Built
    Neighborhood:
    Torrance (90501)
    County:
    Los Angeles
    Area:
    Torrance (90501)
    Property Description
    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.
    Exterior Features

    Pool N/K Site Corner Lot

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1

    Property Features

    Actual Cap Rate 4.25 Annual Expense Actual 57336 Buildings 1 Gross Rent Multiplier Actual 14.08 Gross Scheduled Income Actual 138409 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1329.0 Unit2 Rent Actual 1186.0 Water Meter On Property Zoning Lard1.5

    Listing provided courtesy of Steven M. Bogoyevac, Broker. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    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. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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