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23836 Ocean Avenue

Torrance, CA 90505
  • $1,850,000
  • STATUS: Active Under Contract
  • ON SITE: 20 Days
  • ID#: SB22133798
Under Contract
UPDATED: 44 min ago
$1,850,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Bill Ruane of Re/Max Estate Properties (310-322-1425)


Description

A great opportunity for an astute investor. This offering consists of a front house and three income-producing units in the back. The front house has 3 bedrooms/2 baths The three rear units are composed as follows: two units of 2 bedrooms/ 1 bath; one unit of 2 bedrooms/ 2 baths. All of the units are large. The building is 4,410 sq. ft and sits on 6,083 sq. ft of land. The structure was built 1964. All units are rented and there is plenty of upside potential in rents.A superb investment opportunity to own a quadruplex in a great location in Torrance. The subject property has easy access to Pacific Coast Highway and Hawthorne Blvd. It is situated in a great location - very close to the Lago Seco Park, Walteria Lake, retail strips and shops, restaurants, and other amenities.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T21:35:42.13. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.searchsocalrealestate.com/homes/131420219
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23836 Ocean Avenue Torrance, CA 90505

  • Price: $1,850,000
  • Status: Active Under Contract
  • On Site: 20 Days
  • Updated: 44 min ago
  • ID#: SB22133798
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1964
Built
Neighborhood:
129 - South Torrance
County:
Los Angeles
Area:
129 - South Torrance
Property Description
A great opportunity for an astute investor. This offering consists of a front house and three income-producing units in the back. The front house has 3 bedrooms/2 baths The three rear units are composed as follows: two units of 2 bedrooms/ 1 bath; one unit of 2 bedrooms/ 2 baths. All of the units are large. The building is 4,410 sq. ft and sits on 6,083 sq. ft of land. The structure was built 1964. All units are rented and there is plenty of upside potential in rents.A superb investment opportunity to own a quadruplex in a great location in Torrance. The subject property has easy access to Pacific Coast Highway and Hawthorne Blvd. It is situated in a great location - very close to the Lago Seco Park, Walteria Lake, retail strips and shops, restaurants, and other amenities.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Fireplace Features Dining RoomLiving RoomOutside Fireplace YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features CurbsDog ParkGolfParkStreet LightsSuburbanSidewalks Electric Expense 1413.8 Fuel Expense 0 Garage YN Yes Gross Income 64596 Gross Scheduled Income 64596 Insurance Expense 4125 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 43495.7 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 19600.3 Other Expense 2309 Pest Control Expense 1080 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Trash Expense 8251.5 Water Sewer Expense 2820 Water Source Public Zoning Torr-Md



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-19T21:35:42.13. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
1063 W Sixth Street
Ontario CA, 91762
Listing Agent(s): Bill Ruane of Re/Max Estate Properties (310-322-1425)