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1549 Plaza Del Amo

Torrance, CA 90501
  • $1,015,000
  • STATUS: Active
  • ON SITE: 48 days
  • ID#: SB21125088
Price Reduced
UPDATED: 29 min ago
$1,015,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

1549 Plaza Del Amo Torrance is a great value-add opportunity in Torrance. Quadruplex with lot of upside potential in rental income as units turnover and potential to convert garages into ADUs (accessory dwelling units). The property has an excellent unit mix of all 2 bedroom 1 bath units. It has been re-pipped with copper plumbing, has brand new water heaters in each unit and 2-year-old roof with 15-year warranty. Property is situated on a large 7,422 SF lot with ample on-site parking in addition to 3 detached garages (one 2-car garage and two 1-car garages). The building is easy to manage with tenants paying their utilities; the landlord is only responsible for DWP. All tenants are current on rent and have been paying through COVID. With market CAP Rate of over 5.8%, this property is being offered at only $260,000 per unit.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T08:24:45.983. 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 Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/118128335
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1549 Plaza Del Amo Torrance, CA 90501

  • Price: $1,015,000
  • Status: Active
  • Updated: 29 min ago
  • ID#: SB21125088
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1961
Built
Neighborhood:
122 - Harbor Gateway
County:
Los Angeles
Area:
122 - Harbor Gateway
Property Description
1549 Plaza Del Amo Torrance is a great value-add opportunity in Torrance. Quadruplex with lot of upside potential in rental income as units turnover and potential to convert garages into ADUs (accessory dwelling units). The property has an excellent unit mix of all 2 bedroom 1 bath units. It has been re-pipped with copper plumbing, has brand new water heaters in each unit and 2-year-old roof with 15-year warranty. Property is situated on a large 7,422 SF lot with ample on-site parking in addition to 3 detached garages (one 2-car garage and two 1-car garages). The building is easy to manage with tenants paying their utilities; the landlord is only responsible for DWP. All tenants are current on rent and have been paying through COVID. With market CAP Rate of over 5.8%, this property is being offered at only $260,000 per unit.
Exterior Features

Architectural Style Traditional Construction Materials Concrete Fencing BrickBarbed Wire Lot Features 0-1 Unit/AcreWalkstreet Number Of Separate Electric Meters 4 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes Roof Asbestos Shingle Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features None 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 All Bedrooms Down

Property Features

Additional Parcels YN No Common Interest None Community Features Storm Drain(S)Sidewalks Garage YN Yes Gross Income 51000 Gross Scheduled Income 51000 Insurance Expense 1339 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventionalContract Maintenance Expense 2600 Net Operating Income 28851 New Construction YN No New Taxes Expense 12480 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 20619 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 4250 Trash Expense 0 Utilities None Vacancy Allowance Rate 3 Water Sewer Expense 4200 Water Source Public Zoning Lard1.5

Listing provided courtesy of Evelyn Baez Gonzalez of Lyon Stahl Investment Real Estate, Inc. and Olga Wright of Lyon Stahl Investment Real Estate, Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T08:24:45.983. 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 Twiss Realty. Licensed in the State of California, USA.
 
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