Address
1573 Torrance Boulevard Torrance, CA
Price
$ 1,949,000
Property Attributes
  • MLS#PW20196974
  • TypeIncome
  • CountyLOS ANGELES
  • CityTorrance
  • AreaHarbor Gateway
  • Zip90501
  • Style
  • Price$ 1,949,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6533
  • Lot Size7,514 SqFt
Listing Provided Courtesy Of:
Steven Bogoyevac with Steven M. Bogoyevac, Broker.
Property Description

1573 Torrance Boulevard presents an excellent opportunity to acquire an asset with a great unit mix in the desirable inland South Bay rental market and capture a major 46 percent potential upside in rents. 1573 Torrance Boulevard is a 1963 construction with six two-bedroom/one-bath and three one-bedroom/one-bath units that are separately metered for gas and electricity. Four of the units feature private balconies, one unit boasts a large private back patio, and one unit has tapped into a garage for additional living space. The property also offers on-site laundry and ample tuck-under and surface parking. Recent improvements include a new roof, which is currently being installed and will be completed before close of escrow, a new main water heater, and recent interior upgrades. The property is located one block east of Western Avenue and offers convenient access to the 405 and 110 Freeways as well as the popular dining, shopping, and entertainment options in Old Town Torrance. Investors should also take in consideration the opportunity this property offers to the possibility of building an accessory dwelling unit (ADU) addition (buyer to verify). An accessory dwelling unit (ADU) is a smaller, independent residential dwelling unit located on the same lot as a stand-alone (i.e., detached) residential building.

Price History
9/21/2020 Listed $1,949,000

General Features

Attached Structure Detached
Carport Spaces 6.00
Community Features Suburban
Directions Corner of Torrance Blvd & 209th St
Garage Spaces 0.00
Levels Two
Listagentaor Pacific West
Listing Agent Steven Bogoyevac - BRE#01332755
Listing Agent State License 01332755
MLS Area 122 - Harbor Gateway
Pool Features None
Price Per Square Foot 298.33
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 9
Zoning LARD1.5

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 6533.00
Lot Features Corner Lot, Rectangular Lot
Lot Size Acres 0.1725
Lot Size Area 7512.0000
Lot Size Source Assessor
Lot Size Square Feet 7512.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 9
Number of Separate Gas Meters 9
Total Parking 6.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90501

Price
AVG $1.29M
$1.95M
Visits
AVG 54
50
Year Built
AVG 1950
1963

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover