Homes for sale - 2016 Plaza Del Amo, Torrance, CA 90501

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Max Lindenberger

max.lindenberger@engelvoelkers.com

$ 1,750,000

Est. payment -/mo

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Active Under Contract

2016 Plaza Del Amo Torrance, CA 90501

6,494 Sqft Lot

UPDATED:

11/15/2024 08:24 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SB24192830

HOA Y/N No

Year Built 1959

Lot Size 6,494 Sqft

Property Description

Rare opportunity to acquire a corner-lot fourplex in Old Torrance that is insulated from traffic yet central to everything South Bay. Spanning 2,854 sf across a 6,496 sf lot and comprised of two single level and spacious 2-bed 1-bath units, together with two additional 1-bed 1-bath units situated atop four single car garages and balanced perfectly around a central yard, this building makes sense for owner occupants and investors alike. Both of the 2-bed units feel like single family living and will be delivered vacant, presenting an ideal setup for an owner-user looking to occupy one or more units while subsidizing the mortgage with additional rents. This property is ideally situated nearby schools (Torrance Elementary and Torrance High School), parks, and shopping, as well as easily accessible from Southern California employment hubs, such that rental demand will remain stable for the foreseeable future. There is no local rent control here (on information and belief only CA AB1482 applies, but buyer to verify) and gas and electric are separately metered. There are also several avenues to add value, such as repositioning the leases on the 1-bedroom units, converting owner’s storage space (laundry hookups present!) to community laundry facility for additional stream of income, and potentially converting the garages to ADUs to maximize return. Just 1.5 miles to the Torrance Crossroads, 2.5 miles to Del Amo Shopping Center, just 4 miles to Torrance Beach, and 5 miles to King Harbor, the property also provides easy access to and from the whole of Southern Bay via nearby Western, Sepulveda, and Torrance Blvd corridors, as well as the rest of Southern California via nearby 110 freeway.

Location

State CA

County Los Angeles

Area 134 - Old Torrance

Zoning TORR-MD

Interior

Fireplace No

Laundry Gas Dryer Hookup

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Corner Lot

Story 2

Entry Level Two

Sewer Unknown

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7357005012

Energy Description 618.0

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard, Trust

Listed by Mark Ehlers • Imperial Real Estate • mark@imperialrealestate.com

Max Lindenberger

Advisor | License ID: 02073155

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