1533 West 224th Street Torrance, CA $ 1,750,000
1533 West 224th Street
$ 1,750,000
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1533 West 224th Street

Torrance, CA, 90501
$ 1,750,000
Baths0.0 Sq 4,586

Monthly Estimate*

$ 12,224

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Studio

Multi-Family Home for sale in Torrance, CA

for $1,750,000. This 4,586 square foot home was built in 1986 on a lot size of 0.17.

1533 W 224th St is a 6-unit Apartment Building constructed in 1986. Nestled in the vibrant neighborhood of Torrance, CA, this charming property offers residents a blend of modern comfort and urban convenience. The property provides an investor the opportunity to significantly improve the rents to be in line with the current rental market. This property is perfect for an investor looking for a value-added opportunity located in a growing rental market. Boasting a strategic location just minutes from the Pacific Ocean, this property taps into Torrance's allure as a hub of economic activity and coastal living, offering investors a gateway to the thriving South Bay region of Los Angeles County. Investors at 1533 W 224th St benefit from the city's diverse business landscape and strong job market, positioning this property as a lucrative asset in any portfolio.Additionally, the property enjoys easy access to several major highways, including Interstate 405 (I-405), Interstate 110 (I-110), and State Route 1 (SR-1), providing convenient routes for commuters traveling throughout the Greater Los Angeles area. With its desirable location, modern amenities, and proximity to parks, beaches, and major highways, 1533 W 224th St presents an exceptional opportunity for those seeking to blend stability with growth potential.

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Multi-Family Active

Price

$ 1,750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.17

Year Built

1986

Town/City

Torrance

County/Region

Los Angeles

MLS | Web ID

0024371403

Features
General
Zoning LARD2
Pool Features None
Year Built 1986
Levels Multi/Split
County Los Angeles
Net Operating Income 67527.16
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Torrance
Buyer Agent Compensation 2.50
Senior Community Y/N No
MLS Area 122 - Harbor Gateway
Lot Size Square Feet 7200.0
Street Name 224th
Standard Status Active
Buyer Agent Compensation Type %
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Interior
Kitchen Appliances Refrigerator
Total Stories 2
Air Conditioning Y/N No
Heating Y/N No
Street Suffix Street
Total Baths 0
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Exterior
Parking Features Uncovered
Lot Size Area 7200.0
Foundation Details None
Building Area Total 4586.0
Lot Dimensions 40x180
Lot Size Acres 0.17
Lot Size Units Square Feet
Land Lease Type Fee
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* Excluded Features
List By
Taylor Avakian

Listing Agent

Tayvay Corporation

Broker

Affordability Calculator

$12,224
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,224
Monthly Property Taxes
--
Monthly 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
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/22/2024$1,750,000 Listed Price

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1533 West 224th Street, Torrance, CA, 90501 is a Multi-Family Home for sale at $1,750,000 with 4,586 sqft and a lot size of 0.17. 1533 West 224th Street is a studio with 0.0 baths and was built in 1986. The property's zip code is 90501 which is in Torrance, CA