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1311 W 218th Street

Torrance, CA 90501
  • $1,880,000
  • STATUS: Active
  • ON SITE: 36 Days
  • ID#: PV22081136
UPDATED: 50 min ago
$1,880,000
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Dede Hsu of Keller Williams Palos Verdes (310-544-6100)


Description

PRIME DEVELOPMENT OPPORTUNITY - 1311 W 218th St, Torrance is a unique opportunity to own a 3-unit residential income property with its 18,001 square foot lot. a transit priority area. ADU bonus rules. This pride of ownership asset is located within walking distance to Harbor-UCLA Medical Center. Turn this large flat lot property into your own cash cow through re-development. Amazing investment property! Have cash flow while you get permits with existing 3 homes and a huge 4 car garage that is approximately 1500 square feet! The main home offers 3 bedrooms and 2 bathrooms and has been recently renovated. This home has an updated kitchen and bath as well as central heat/AC. All units have newer roofs, dual pane windows and wood floors. The back homes each offer 2 bedrooms and 1 bathroom and are very nicely equipped. The grounds of the homes offer a park-like setting as each home has its own grass/yard area allowing plenty of space to relax and unwind in the beautiful Southern California sun. The entire perimeter of the property is surrounded by a privacy wall and the front entry is gated, There is also plenty of additional parking on the premises. The property is just a block from Western Ave and W Carson Ave in Torrance. Located in City of Los Angeles - Torrance P.O. Easy access to 110, 405, 710 & 91 freeways. This is truly a once in a lifetime opportunity for an investor or a family looking to share a property.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T21:34:21.913. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127942493
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1311 W 218th Street Torrance, CA 90501

  • Price: $1,880,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 50 min ago
  • ID#: PV22081136
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1959
Built
Neighborhood:
122 - Harbor Gateway
County:
Los Angeles
Area:
122 - Harbor Gateway
Property Description
PRIME DEVELOPMENT OPPORTUNITY - 1311 W 218th St, Torrance is a unique opportunity to own a 3-unit residential income property with its 18,001 square foot lot. a transit priority area. ADU bonus rules. This pride of ownership asset is located within walking distance to Harbor-UCLA Medical Center. Turn this large flat lot property into your own cash cow through re-development. Amazing investment property! Have cash flow while you get permits with existing 3 homes and a huge 4 car garage that is approximately 1500 square feet! The main home offers 3 bedrooms and 2 bathrooms and has been recently renovated. This home has an updated kitchen and bath as well as central heat/AC. All units have newer roofs, dual pane windows and wood floors. The back homes each offer 2 bedrooms and 1 bathroom and are very nicely equipped. The grounds of the homes offer a park-like setting as each home has its own grass/yard area allowing plenty of space to relax and unwind in the beautiful Southern California sun. The entire perimeter of the property is surrounded by a privacy wall and the front entry is gated, There is also plenty of additional parking on the premises. The property is just a block from Western Ave and W Carson Ave in Torrance. Located in City of Los Angeles - Torrance P.O. Easy access to 110, 405, 710 & 91 freeways. This is truly a once in a lifetime opportunity for an investor or a family looking to share a property.
Exterior Features

Carport Spaces 1 Carport YN Yes Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 3 Parking Features Garage Parking Total 5 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Heating Forced AirWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 90000 Insurance Expense 3500 Land Lease YN No Laundry Features In KitchenOutside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 81610 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 8390 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesElectricityGas Trash Expense 0 Water Sewer Expense 2850 Water Source Public Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T21:34:21.913. 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 Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Dede Hsu of Keller Williams Palos Verdes (310-544-6100)