23125 Samuel Street, Torrance, CA 90505
- $7,300,000
- List Price
- $7,300,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- PV25200763
- Year Built
- 1963
- Lot Size
- 24,063
- Acres
- 0.55
- Lot Location
- Near Park
- Days on Market
- 17
- Property Type
- Multifamily
- Style
- Mid-Century Modern
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
This multifamily property consists of 21 units, perfectly located in a prime area of Torrance. Across the street from Torrance Memorial Hospital, close to Del Amo Mall, and the Torrance Financial District. The property is located in a desirable residential neighborhood, surrounding streets are lined with well-maintained family residences and multifamily properties. The property features one-car garage parking for residents. There is a tremendous value-add opportunity for investors to renovate the property and bring rental rates to market levels. This is a high-demand location. The unit mix consists of 11 two-bedroom units, and 10 one-bedroom units. The pool area was completely redone last year. There is a great office for the on-site manager and a grassy courtyard for play.
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Additional Information
- Association Amenities
- Pool
- Pool Description
- Community, In Ground, Association
- Cooling Description
- None
- View
- None
- Garage Spaces Total
- 21
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 21
- Gross Scheduled Income
- $417,720
- Operating Expense
- 146202
Listing courtesy of Listing Agent: Lynn Lord (Lynn@LynnLord.com) from Listing Office: Estate Properties.
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