23870 Los Codona AVE Torrance, CA 90505
UPDATED:
10/17/2024 10:30 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 11,738 sqft
Price per Sqft $425
MLS Listing ID PV24169147
HOA Y/N No
Year Built 1964
Lot Size 0.400 Acres
Acres 0.4004
Property Description
-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 completed in 2017.
-LOCATION- Groceries, shopping, restaurants all within a 1 mile radius, 6 min drive to the Hollywood Riviera in Redondo Beach, 7 mins to the Pacific Ocean, 5 min drive to the Palos Verdes Peninsula & 25 mins to LAX airport. Centrally located in the heart of highly distinguished Walteria/South Torrance area & a rare opportunity to own a generational, top tier property!
Location
State CA
County Los Angeles
Area 129 - South Torrance
Zoning TORR-MH
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Storage, Galley Kitchen
Laundry Location Common Area
Flooring Carpet, Laminate
Fireplace No
Laundry Common Area
Exterior
Garage Assigned
Garage Spaces 8.0
Carport Spaces 10
Garage Description 8.0
Pool None
Community Features Curbs, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Type Assigned
Total Parking Spaces 18
Private Pool No
Building
Lot Description 16-20 Units/Acre, Corner Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7378008080
Energy Description 6686.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Probate Listing, Trust
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