1639 West 228th Street Torrance, CA ^$ 2,200,000

1639 West 228th Street

^$ 2,200,000

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1639 West 228th Street

Torrance, CA, 90501

^$ 2,200,000

Studio Baths0.0 Sq 3,191

Monthly Estimate*

^$ 15,368

1639 West 228th Street, Torrance, CA 90501 - Image 1

1639 West 228th Street, Torrance, CA 90501 - Image 2

1639 West 228th Street, Torrance, CA 90501 - Image 3

1639 West 228th Street, Torrance, CA 90501 - Image 4

1639 West 228th Street, Torrance, CA 90501 - Image 5

1639 West 228th Street, Torrance, CA 90501 - Image 6

1639 West 228th Street, Torrance, CA 90501 - Image 7

1639 West 228th Street, Torrance, CA 90501 - Image 8

1639 West 228th Street, Torrance, CA 90501 - Image 9

1639 West 228th Street, Torrance, CA 90501 - Image 10

Studio

Multi-Family Home for sale in Torrance, CA

for $2,200,000. This 3,191 square foot home was built in 1961 on a lot size of 0.33.

Seller may consider carrying a 1st with 25% Down Payment. (Owner User Possible) Fully occupied Residential Reentry Center with a Strong Operator boasting a 7% Cap Rate based on current income. The offering is situated on a large double lot totaling 14,403 Sq. Ft. of CM-1VL Zoning with great future development potential. The Current Land Designation: is Hospitals, Convalescent Homes allowing many uses. The building has a large courtyard and has been recently updated with a pro style kitchen, washer and dryer hookups and a commercial fire alarm system.

Multi-Family Pending

Price

^$ 2,200,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.33

Year Built

1961

Town/City

Torrance

County/Region

Los Angeles

MLS | Web ID

0022211797

Features

General

Sewer None

Zoning LACM

Pool Features None

Year Built 1961

County Los Angeles

Net Operating Income 155040.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Pending

City Torrance

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area 122 - Harbor Gateway

Lot Size Square Feet 14403.0

Street Name 228th

Standard Status Pending

Buyer Agent Compensation Type %

Exterior

Lot Size Area 14403.0

Building Area Total 3191.0

Lot Dimensions 80x180

Lot Size Acres 0.33

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 1

Heating Y/N No

Street Suffix Street

Total Baths 0

* Excluded Features

List By

Jon Emrani

Listing Agent

Marcus & Millichap

Broker

Affordability Calculator

$15,368

Per Month

Monthly Principal & Interest: $15,368
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Torrance, CA

Average List Price ^$1,709,734

Percent of Sale Price 22%

About Torrance, CA

145,215 Population

5% Since 2002

^$83,626 Median Income

43.39 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/1/2022	$2,200,000	-6.38%	Price Down
10/24/2022	$2,350,000		Listed Price

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1639 West 228th Street, Torrance, CA, 90501 is a Multi-Family Home for sale at $2,200,000 with 3,191 sqft and a lot size of 0.33. 1639 West 228th Street is a studio with 0.0 baths and was built in 1961. The property's zip code is 90501 which is in Torrance, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/20/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1639 West 228th Street

Multi-Family Home for sale in Torrance, CA

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