Torrance, CA 90501,1569 W 227 ST

$1,600,000

$1,599,900

Est.Price: ?

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Est. payment /mo

8,929 Sqft Lot


SOLD DATE : 10/28/2014

Key Details

Sold Price $1,600,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB14187823

Sold Date 10/28/14

HOA Y/N No

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

Interior

Fireplace No

Exterior

Parking Features Assigned

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks, Urban

Utilities Available Sewer Available

Total Parking Spaces 12

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Faces West

Story One

Entry Level One

Foundation Raised

Water Public

Level or Stories One

Others

Tax ID 7347011045

Security Features Carbon Monoxide Detector(s)

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by William Mulkey • TR Wealth Management Inc.
Bought with Linda Governale • C-21 Amber Realty

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