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1409 W 228th Street

Torrance, CA 90501
  • $2,170,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: RS22155557
UPDATED: 30 min ago
$2,170,000
  • 0
    BEDS
  • 0.33
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Helen Huang of Nt & Associates, Inc. (714-367-8596)


Description

Excellent 3 buildings on 14.400 SF lot for commercial/office/residential mixed use zoning LACM. Each building has individual meters for utilities. Mailing address are 1407-1409-1413 W. 228th St, Torrance. Tenants occupied at Auto repair shop plus fully occupied two single family houses. Security Iron gate and fence for front commercial building, separate gated entry door and fence for two rear single family houses. # 1409 W. 228th St have 6 bedrooms, 5 baths, building size 2,496 SF., fully occupied multiple tenants in well condition.Tile and wood floor, window blinds. Good size kitchen, living and dining area, coin laundry appliances. #1413 is a SFR, have 5 bedrooms, 2 baths, building size 1,981 SF, seperate laundry room, tenant pay utilities. Tile and wood floor, blackout shade drapery. #1407 is an auto repair shop, building size; 1584 SF, established more than 8 years. In addition to rental upside, offers strong long-term hold strategy with exceptional growth potential for any type of investor. Drive by only, do not disturb tenants, Submit offer subject to interior inspection. please text or call listing agent Helen for more information.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T11:29:53.567. 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 Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/130966603
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1409 W 228th Street Torrance, CA 90501

  • Price: $2,170,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 30 min ago
  • ID#: RS22155557
0
Beds
0
Baths
0
½ Baths
0.33
Acres
1964
Built
Neighborhood:
122 - Harbor Gateway
County:
Los Angeles
Area:
122 - Harbor Gateway
Property Description
Excellent 3 buildings on 14.400 SF lot for commercial/office/residential mixed use zoning LACM. Each building has individual meters for utilities. Mailing address are 1407-1409-1413 W. 228th St, Torrance. Tenants occupied at Auto repair shop plus fully occupied two single family houses. Security Iron gate and fence for front commercial building, separate gated entry door and fence for two rear single family houses. # 1409 W. 228th St have 6 bedrooms, 5 baths, building size 2,496 SF., fully occupied multiple tenants in well condition.Tile and wood floor, window blinds. Good size kitchen, living and dining area, coin laundry appliances. #1413 is a SFR, have 5 bedrooms, 2 baths, building size 1,981 SF, seperate laundry room, tenant pay utilities. Tile and wood floor, blackout shade drapery. #1407 is an auto repair shop, building size; 1584 SF, established more than 8 years. In addition to rental upside, offers strong long-term hold strategy with exceptional growth potential for any type of investor. Drive by only, do not disturb tenants, Submit offer subject to interior inspection. please text or call listing agent Helen for more information.
Exterior Features

Architectural Style Traditional Carport YN Yes Fencing WoodWrought Iron Lot Features 2-5 Units/AcreGardenLevelStreet LevelYard Number Of Separate Electric Meters 3 Other Structures Two On A LotWorkshop Parking Features Carport Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition Spa Features None Spa YN No

Interior Features

Accessibility Features Safe Emergency Egress From HomeParking Appliances Built-In RangeDishwasherFree-Standing RangeGas CooktopDisposalRange HoodWater Heater Common Walls 2+ Common Walls Cooling ElectricWall/Window Unit(S) Cooling YN Yes Fireplace Features BathKitchenLiving Room Fireplace YN Yes Flooring CarpetLaminateTile Heating Forced AirFireplace(S)Natural Gas Heating YN Yes Interior Features Ceiling Fan(S)Tile CountersAll Bedrooms DownBedroom On Main LevelMain Level MasterMultiple Master Suites Window Features DrapesScreens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.17 Common Interest None Community Features Street LightsUrbanGated Contingency Buyer To Submit Offer With Lender's Prequalified LetterProof Source Of FundsDrive By And Subject To interior inspection. Current Financing Conventional Electric Electricity - On Property Electric Expense 1200 Fuel Expense 500 Garage YN No Gross Income 140352 Gross Scheduled Income 140352 Inclusions Auto Shop Lifting Equipment Belong To Landlord. Insurance Expense 2000 Land Lease YN No Laundry Features Common AreaInsideSee Remarks Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 112159 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 3 Operating Expense 24000 Possession Negotiable Property Sub Type Mixed Use Rent Control YN No Security Features Gated CommunitySmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasWater Trash Expense 1000 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Vacancy Allowance 4193 Vacancy Allowance Rate 3 Water Sewer Expense 1300 Water Source Public Zoning Lacm



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T11:29:53.567. 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 Nest Real Estate. Licensed in the State of California, USA.
 
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Helen Huang of Nt & Associates, Inc. (714-367-8596)