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1569 W 227 ST Torrance, CA 90501
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Key Details
Sold Price $1,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB14187823
Year Built 1990
Tax Year 2013
Lot Size 8,929 Sqft
Property Description
The subject offering is a beautiful 1990 built, two-story, wood frame and stucco apartment with six huge, three-bedroom two and one half bath town-home style units situated on the corner of Harvard and 227th Street in the Torrance PO area. Also know as The Harbor Gateway corridor in the City of Los Angeles, with all of the benefits of being close to Torrance shopping and employment centers. Torrance was incorporated in 1921, has 1.5 miles of beaches and neighbors the Beach Cities, Gardena, and Palos Verdes Peninsula. Torrance enjoys moderate warm temperatures and daily cool breezes from the ocean creating a low humidity. Torrance has over 145,000 residents, 30 city parks, and low crime rates.
This non-rent control building offers great curb appeal for a fantastic price and positive cash flow. The building was copper re-piped 5 years ago. Each unit having its own stove, dishwasher, hot water heater, forced air heating, & washer & dryer hookups. The property is an easy rental and has all long term section 8 based tenancy. It Can be managed by hands-on owners or continue to use current property management. The property offers two gated parking spaces per unit and has tenants paying for all of their own electricity, gas, trash too.
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Zoning LARD1.5
Exterior
Parking Features Assigned
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks, Urban
Utilities Available Sewer Available
Building
Lot Description 0-1 Unit/Acre
Story One
Foundation Raised
Water Public
Others
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Bought with Linda Governale • C-21 Amber Realty