$3,100,000
PENDING $80K PRICE DROP

Estimated payment $20,369/month

Total Views 9,737
9 Beds
8 Baths
4,888 Sq Ft
$634 Price per Sq Ft

Highlights

  • Built-In Features
  • Yukon Elementary School Rated A-
  • Ceiling Fan

About This Home

We are pleased to present this turnkey 7-unit apartment community located in the heart of North Torrance. This asset includes six (6) 1-Bed/1-Bath units and one (1) 3-bed/ 2-bath unit. The entire property has been professionally designed, upgraded and permitted, including complete replacements of the electrical, plumbing and sewer systems, HVAC, kitchens & bathrooms, windows, tile, etc. Front unit enjoys a large fenced in yard with a beautiful lawn and new patio, and the 3-bedroom includes washer-dryer as well (other units share a laundry room = extra income!). All units are occupied by well-qualified, long-term tenants. 4 on-site parking spaces and plenty of street parking. NO LOCAL RENT CONTROL - subject only to AB 1482.

Listing Agent

Noam Srolovitz

Kape Property Management, Inc. License #02069623

Co-Listing Agent

Benjamin Lester

Kape Property Management, Inc. License #02033314

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 5,535 Sq Ft Lot
  • Lot Dimensions are 50x113

Home Design

  • Split Level Home

Interior Spaces

  • 4,888 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Freezer
  • Water Line To Refrigerator
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • 7 Units

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 4091-014-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Advertising Remarks: We are pleased to present this turnkey 7-unit apartment community located in the heart of North Torrance. This asset includes six (6) 1-Bed/1-Bath units and one (1) 3-bed/ 2-bath unit. The entire property has been professionally designed, upgraded and permitted, including complete replacements of the electrical, plumbing and sewer systems, HVAC, kitchens & bathrooms, windows, tile, etc. Front unit enjoys a large fenced in yard with a beautiful lawn and new patio, and the 3-bedroom includes washer-dryer as well (other units share a laundry room = extra income!). All units are occupied by well-qualified, long-term tenants. 4 on-site parking spaces and plenty of street parking. NO LOCAL RENT CONTROL - subject only to AB 1482.
  • Living Area: 4888
  • Lot Acreage: 0.1271
  • Lot Dimensions: 50x113
  • Stories: 2
  • Year Built: 1958
  • Number Of Photos: 29
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 8.00
  • Equipment: Built-Ins, Cable, Dryer, Washer, Range/Oven, Refrigerator, Dishwasher, Garbage Disposal, Water Line to Refrigerator, Freezer
  • Price Per S Q F T: 634.21

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Ceiling Fan
  • Heating: Wall, Natural Gas

Lot Info

  • Assessed Improvement Percent: 73.03
  • Assessed Improvement Value: 461471
  • Assessed Land Percent: 26.97
  • Assessed Land Value: 170382
  • Total Assessed Value: 631853
  • Assessor Parcel Number: 4091-014-004
  • Lot Size Area: 5535

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 14.14
  • Number Of Units: 7
  • Total Annual Expense: 64862
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: o

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Pending -- -- --
03/06/2025 03/06/25 Price Changed $3,100,000 -2.5% $634 / Sq Ft
02/05/2025 02/05/25 For Sale $3,180,000 +119.3% $651 / Sq Ft
04/11/2023 04/11/23 Sold $1,450,000 -9.4% $393 / Sq Ft
02/10/2023 02/10/23 Pending -- -- --
02/07/2023 02/07/23 Price Changed $1,600,000 -5.9% $434 / Sq Ft
12/04/2022 12/04/22 For Sale $1,700,000 +17.2% $461 / Sq Ft
11/29/2022 11/29/22 Off Market $1,450,000 -- --
10/13/2022 10/13/22 For Sale $1,700,000 -- $461 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25494603

The MLS