$5,000,000
23870 Los Codona Avenue Torrance, CA 90505
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Listed by Brok Butcher • Butcher Realty
$5,000,000
Est. payment /mo
11,738 SqFt
UPDATED:
10/18/2024 06:20 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 11,738 sqft
Price per Sqft $425
MLS Listing ID CRPV24169147
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 0.400 Acres
Property Description
18 unit residential apartment building in prime Walteria/South Torrance area. Situated in a strong rental market, this well maintained building offers a mix of spacious 1 & 2 bedroom apartments with 1 studio & a bonus unit. -INCOME- Current gross scheduled income is $290,352/year. However, pro forma/market rents could bring the Gross scheduled income conservatively to around $425,000/year. -LAYOUT- Large 11,738 sqft building on a 17,440 sqft lot. 25 bedrooms in total with 19 bathrooms and a bonus, 450 sqft studio that is currently being used for storage. 9 (1 bedroom/1 Bath), 8 (2 bedrooms/1 Bath) & 1 (Studio). Total of 18 garage spaces; 8 covered garages w/ auto door openers & 10 covered garages. Co-Op shared laundry room w/ 2 washing machines & 2 dryers. Rent includes trash & water while tenants pay electrical, gas, cable, etc. Each unit comes with a stove. -SCHOOLS- Top rated school district in the country; 10/10 South High school, 9/10 elementary and middle schools. -MAINTENANCE/UPDATES- Exceptionally Maintained throughout the years w/ a new roof in 2020, new dual pane windows & gutters throughout (2017), new sprinklers covering the entire lot (2017), water heater (2017), most individual fuse boxes are less than 10 years old, & exterior painting of entire building was complet
Location
State CA
County Los Angeles
Interior
Flooring Laminate, Carpet
Fireplace No
Laundry Community Facility
Exterior
Parking Type Assigned
Building
Lot Description Corner Lot
Water Public
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