1049-1051 Torrance Boulevard

    Torrance, CA 90502
    • $659,000
    • STATUS: Active Under Contract
    • ON SITE: 59 days
    • ID#: AR18094892
    Under Contract
    UPDATED: 41 min ago
    $659,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,728
      SQFT
    • $381
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Conveniently located close to 110 freeway, shopping and restaurants, 20 mins to downtown LA, beaches. 1049 & 1051 Torrance Blvd, duplex total 1728 sqft, each unit is 864 sqft 2 bed/1.5 bath with the same floor plan. Exterior throughout has been just been repaired and repainted. Purchase comes with wonderful almost 10 years long term tenants with new 2 year contracts starting from 2/1/2018 until 2/1/2020 for both units. Unit 1051 is relatively updated and both units are well maintained by the tenants with no issues. Each unit comes with 1 garage space and 1 carport space. Separate gas and electricity meter. Exterior repairs and repaint , No Rent control this property. Great for investment,CAP rate 5%, do not miss this one

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T11:27:04.687. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/82908160

    1049-1051 Torrance Boulevard Torrance, CA 90502

    • Price: $659,000
    • Status: Active Under Contract
    • Updated: 41 min ago
    • ID#: AR18094892
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,728
    SQFT
    $381
    $/SQFT
    1960
    Built
    Neighborhood:
    123 - County Strip
    County:
    Los Angeles
    Area:
    123 - County Strip
    Property Description
    Conveniently located close to 110 freeway, shopping and restaurants, 20 mins to downtown LA, beaches. 1049 & 1051 Torrance Blvd, duplex total 1728 sqft, each unit is 864 sqft 2 bed/1.5 bath with the same floor plan. Exterior throughout has been just been repaired and repainted. Purchase comes with wonderful almost 10 years long term tenants with new 2 year contracts starting from 2/1/2018 until 2/1/2020 for both units. Unit 1051 is relatively updated and both units are well maintained by the tenants with no issues. Each unit comes with 1 garage space and 1 carport space. Separate gas and electricity meter. Exterior repairs and repaint , No Rent control this property. Great for investment,CAP rate 5%, do not miss this one
    Exterior Features

    Carport Spaces 2.00 Fence YN Yes Fencing Wood Garage Spaces 2.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall Window Cooling YN Yes Heating Wall Heater Heating YN Yes Laundry Features Gas & Electric Dryer Hookup

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.00 Community Features SidewalksStreet Lighting Country Us Elevation Units Feet Gardener Expense 600.00 Gross Income 0.00 Gross Operating Income 42000.00 Gross Scheduled Income 42000.00 Insurance Expense 600.00 Land Lease YN No Laundry YN Yes Net Operating Income 32460.00 New Taxes Expense 6300.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 9540.00 Property Sub Type Duplex Rent Control YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 3500.00 Total Expenses 9540.00 Trash Expense 720.00 Utilities Sewer ConnectedWater Connected Water Sewer Expense 1320.00 Water Source Public Year Built Source Assessor Zoning Lcr2*

    Listing provided courtesy of Jing Li of Re/Max 6000 Realty and Kevin Li of Re/Max 6000 Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-23T11:27:04.687. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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