Sold

16112 VAN NESS Avenue

Torrance CA, 90504

$2,725,000


$355.74 per sqft

Sold

7,660 sqft

Residential

Built in 1957

Listed by Daniel Shieh with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

16112 Van Ness Avenue is a well-maintained, 9+1 unit apartment building comprised of four (4) 1 bed/1 bath, five (5) 2 bed/1 bath, and one (1) non-conforming bachelor's unit. Unit 6 (2+1) is currently vacant, all tenants are current and paid in full. Over 20% rent upside. Seller has taken great care of property; copper plumbing throughout, a new security gate and fence was installed in 2018, a new roof was installed in 2015. Seven of the units have been updated with new kitchen cabinets, granite countertops, bathtubs and flooring during current ownership. Ten dedicated parking spots in the rear of the building. Great opportunity to hedge against inflation and own in a strong rental market. Contact LA1 for Offering Memorandum.

22155479

MLS ID

May 11, 2022

Listed

March 23, 2024

Updated

Map

16112 VAN NESS Avenue
Torrance CA, 90504

Interior Features

Total Stories

2


Interior Features

Ceiling Fan(s)


Appliances

Vented Exhaust Fan


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.21 Acres

Other Property Details

Area Name

133 - N Torrance - East


Days on Market

25


Garage

No


Parking

One Space, Side By Side, Uncovered


Parking Total

10


View

No


County

Los Angeles


Pool

No


Zoning

TORR-MH


Buyer Agency Compensation

2.5%

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:42 AM UTC

 

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