Closed

2757 Andreo Avenue

Torrance CA, 90501

$3,100,000


$355.26 per sqft

Closed

8,726 sqft

Multi-family

Built in 1972

Listed by Alex Smith with eXp Realty of California Inc 888-584-9427

8-unit residential apartment building in City of Torrance (not City of LA). ||| FINANCIALS ||| Gross scheduled income: $183,600. Gross rent multiplier: 16.3. 4.44% CAP at current rents. 10-20% upside potential with 5.3% proforma CAP. ||| PROPERTY DETAILS ||| 16 total beds and 16 total baths with 8,726 finished sq ft on a 10,961 sq ft flat lot. All units have 2 stories with stairs. The 6 front units have the kitchen, living room, patio, and 1/2 bath on the ground level, with 2 bedrooms, a private balcony and a full hall bath. The main level of the rear upper units have a kitchen, living room, oversized west-facing balcony, 1 bedroom, and full bath while the second level features a loft ensuite with a 3/4 bath and private east-facing balcony. 11 total parking spaces: 8 covered, and 3 uncovered. All units have 1 assigned covered parking space with a lockable storage locker. The 3 uncovered parking spaces are unassigned. Locked shared coin-op laundry room at rear of lot. Units are all electric (no gas) with radiant heat in acoustic ceiling. ||| LOCATION ||| 1 block to Torrance Park (10-acre park with playground, covered picnic space, BBQs, plus athletic fields & courts). 12 minutes to the sand in Redondo Beach and Torrance Beach! 5 minutes to the 110 freeway. 3/4 mile to downtown Old Torrance (charming, trendy, walkable downtown with restaurants, bars, and shopping). 3/4 mile to the Torrance Farmers Market at Charles H Wilson Park (featuring tons of sports courts, recreation areas, and a walking path).

SB23039117

MLS ID

March 9, 2023

Listed

May 25, 2024

Updated

Map

2757 Andreo Avenue
Torrance CA, 90501

Interior Features

Total Stories

2


Interior Features

Balcony, Storage


Laundry Description

Common Area, Laundry Room


Floor Description

Carpet, Tile, Vinyl


Fireplace

Yes


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.25 Acres


Lot Features

6-10 Units/Acre, Front Yard, Sprinklers In Front, Landscaped, Near Park, Street Level, Yard


Roof

Composition, Spanish Tile


Sewer

Public Sewer

Other Property Details

Area Name

134 - Old Torrance


Taxes

$37,375


Tax Frequency

Annually


Days on Market

8


Garage

No


Parking

Attached Carport, Carport, Detached Carport, Paved


Parking Total

11


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

TORR-MD


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/18/2023

Sold

$3,100,000

4/19/2023

Price Change

$3,100,000

3%

4/19/2023

Unknown

Listing Contact: 888-584-9427 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

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Data last updated on 5/25/2024 at 2:27 AM UTC

 

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