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Listing 17 out of 104
Sold for $2,000,000 Sold
5 units | Multi Family Home
8982 sq ft - MLS# SB17273138
Property Photo

Sold

Sold for $2,000,000 on Jan 19, 2018

Description

Prime South Redondo Beach location! 8,980 SQFT of residential and commercial property on a very desirable highly visible corner lot, six blocks from the beach on Torrance Boulevard and Lucia Ave. 3 separate parcels adjoined and sold as one! 3 Residential Units (824 & 826 Torrance Blvd) one of which is a stand alone House at (301 S. Lucia Ave.) A 1,376 SQFT business space with 4 separate entrances (830 Torrance Blvd), a huge 1,140 SQFT 4 stall garage including laundry, a bathroom, patio access and 7 additional outside parking spaces (832 Torrance). Redevelop the entire property, keep it as is and collect multiple rental incomes, or sell a parcel and keep the others! Limitless potential with new luxury development in progress on the block! Must see in-person to appreciate the grandeur of the parcels, character, style and detail of the charming residential units and utility of the commercial space. A truly amazing opportunity that rarely comes around in this family friendly neighborhood with immediate proximity to restaurants, shopping and amenities. Consists of three parcels APN 7506-017-010, 7506-017-011 and 7506-017-012. 4,833 SQFT of Commercial and Residential structures. Approximately 90 FT of street frontage along Torrance Blvd and 104.5 FT of frontage on Lucia Ave, being sold all together. Zoned C-2. Remodeled House and Apartments can convert to commercial use or stay as is. A solid appreciating investment. Meticulously maintained, Turn-Key and ready to go!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $2,050,000
  • Zip Code: 90277
  • Year Built: 1935
  • Stories: Two
  • Units: 5 units
  • # of Parking Spaces: 11.00
  • Lot Size: 8982 sq ft
  • Accessibility: 2+ Access Exits,Parking
  • View: Neighborhood, Yes
  • Area: 156 - S Redondo Bch S of Torrance Bl
  • Appliances: Built In Range, Dishwasher, Garbage Disposal, Gas Oven, Gas Range, Refrigerator, Warmer Oven Drawer, Water Heater Central
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 4833.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Urban
  • Construction Materials: Frame, Stucco
  • Cooling: Central
  • Cooling YN: Yes
  • Country: US
  • Directions: Corner of Torrance Blvd and Lucia Ave. 6 blocks east of the beach up Torrance Blvd
  • Door Features: Mirrored Closet Doors, Service Entrance
  • Electric Expense: 2400.00
  • Exterior Features: Lighting
  • Flooring: Carpet, Concrete, Laminate
  • Fuel Expense: 1080.00
  • Garage Spaces: 4.00
  • Gardener Expense: 960.00
  • Green Energy Efficient: Appliances, Lighting, Water Heater, Windows
  • Gross Income: 132000.00
  • Gross Scheduled Income: 132000.00
  • Heating: Forced Air
  • Heating YN: Yes
  • Insurance Expense: 2093.00
  • Interior Features: Balcony, Built-Ins, Ceiling Fan, Copper Plumbing Full, High Ceilings (9 Feet+), Recessed Lighting, Tile Counters, Unfurnished
  • Laundry Features: Area, In Garage, In Kitchen
  • Laundry YN: Yes
  • Listing Agent License: 01904293
  • Listing Office License: 01948605
  • Lot Features: Corner Lot, Lot 6500-9999, Lot Shape-Irregular, Near Public Transit, Sprinklers Timer
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 108813.00
  • New Taxes Expense: 16654.00
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number With Carpet: 3
  • Number With Dishwasher: 3
  • Number With Disposal: 3
  • Number With Patio: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 2500.00
  • Property Attached YN: Yes
  • Road Surface Type: Alley Paved, Paved
  • Roof: Flat, Shingle
  • Room Type: Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom
  • Selling Agent: Scott Nollner
  • Selling Agent License: 01373935
  • Selling Office: Re/Max Estate Properties
  • Selling Office License: 00983568
  • Stories Total: 2
  • Total Expenses: 23187.00
  • Trash Expense: 1072.00
  • Uncovered Spaces: 7.00
  • Utilities: Sewer Connected, Water Connected
  • Water Sewer Expense: 2160.00
  • Water Source: Public
  • Window Features: Double Pane Windows, Skylights
  • Sold Price: 2000000.00
  • Sold Date: 2018-01-19 00:00:00
Courtesy of West Shores Realty, Inc., Andre Del Amo

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Krystyna Baty
Broker Associate
The Real Estate Group
Phone: 310.918.5027
Email: batyrealestate@gmail.com
BRE # 01485187

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23805 Hawthorne Blvd.
Torrance, CA, 90505

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Krystyna Baty | Broker Associate | The Real Estate Group
Phone: 310.918.5027 | Email: batyrealestate@gmail.com
BRE # 01485187