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24454 Park Street

Torrance, CA 90505
  • $1,299,900
  • STATUS: CONTINGENT
  • ON SITE: 46 days
  • ID#: PW21130302
Under Contract
UPDATED: 39 min ago
$1,299,900
  • 4
    BEDS
  • 0.17
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,794
    SQFT
  • $725
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1924
County:

School Ratings & Info

Description

MUST-SEE! Finally the most desired property by both investors and homeowners HIT the market. This Move-In Ready property is on a PRIMARY LOCATION and CLOSE TO HIGHEST RANKING Walteria Elementary, Richardson Middle and South High School. This property, with one of the LARGEST LOT in this area, provides UNLIMITED GROWTH POTENTIAL to be sold at much HIGHER PRICE! We project each unit will pull approximately $3,000-$3,500 in monthly rent, making for a sky-high pro forma total cap rate over 6%. In addition to the existing structures, the preliminary plan can be provided 1) front unit: a 2-story with an additional 632 SF with the new garage and 2) second unit: a 2-story with a 474 SF addition. We project 2 new construction would add an approximate total of $7000 a month in income to the property and over $2,000,000 in value! Nearby property with smaller lot has been recently sold for $1,400,000! Also great for Airbnb business. One unit is already occupied by tenant. Duplex is two different units, each unit with 2beds and 1bath. The front unit, 768 sqft, is FULLY remodeled with Contemporary style in 2021. The second unit, 1026 sqft, is a Ranch style with cozy design, and is currently tenant occupied. New Gas Pipe has been completely replaced in June 2021. PROPERTY IS TO BE SOLD AS-IS. MUST-SEE! Finally the most desired property by both investors and homeowners HIT the market. This Move-In Ready property is on a PRIMARY LOCATION and CLOSE TO HIGHEST RANKING Walteria Elementary, Richardson Middle and South High School. This property, with one of the LARGEST LOT in this area, provides UNLIMITED GROWTH POTENTIAL to be sold at much HIGHER PRICE! We project each unit will pull approximately $3,000-$3,500 in monthly rent, making for a sky-high pro forma total cap rate over 6%. In addition to the existing structures, the preliminary plan can be provided 1) front unit: a 2-story with an additional 632 SF with the new garage and 2) second unit: a 2-story with a 474 SF addition. We project 2 new construction would add an approximate total of $7000 a month in income to the property and over $2,000,000 in value! Nearby property with smaller lot has been recently sold for $1,400,000! Also great for Airbnb business. One unit is already occupied by tenant. Duplex is two different units, each unit with 2beds and 1bath. The front unit, 768 sqft, is FULLY remodeled with Contemporary style in 2021. The second unit, 1026 sqft, is a Ranch style with cozy design, and is currently tenant occupied. New Gas Pipe has been completely replaced in June 2021. PROPERTY IS TO BE SOLD AS-IS.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.carriefilla.com/homes/118449515
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24454 Park Street Torrance, CA 90505

  • Price: $1,299,900
  • Status: CONTINGENT
  • Updated: 39 min ago
  • ID#: PW21130302
4
Beds
2
Baths
0
½ Baths
0.17
Acres
1,794
SQFT
$725
$/SQFT
1924
Built
Neighborhood:
Torrance (90505)
County:
Los Angeles
Area:
Torrance (90505)
Property Description
MUST-SEE! Finally the most desired property by both investors and homeowners HIT the market. This Move-In Ready property is on a PRIMARY LOCATION and CLOSE TO HIGHEST RANKING Walteria Elementary, Richardson Middle and South High School. This property, with one of the LARGEST LOT in this area, provides UNLIMITED GROWTH POTENTIAL to be sold at much HIGHER PRICE! We project each unit will pull approximately $3,000-$3,500 in monthly rent, making for a sky-high pro forma total cap rate over 6%. In addition to the existing structures, the preliminary plan can be provided 1) front unit: a 2-story with an additional 632 SF with the new garage and 2) second unit: a 2-story with a 474 SF addition. We project 2 new construction would add an approximate total of $7000 a month in income to the property and over $2,000,000 in value! Nearby property with smaller lot has been recently sold for $1,400,000! Also great for Airbnb business. One unit is already occupied by tenant. Duplex is two different units, each unit with 2beds and 1bath. The front unit, 768 sqft, is FULLY remodeled with Contemporary style in 2021. The second unit, 1026 sqft, is a Ranch style with cozy design, and is currently tenant occupied. New Gas Pipe has been completely replaced in June 2021. PROPERTY IS TO BE SOLD AS-IS. MUST-SEE! Finally the most desired property by both investors and homeowners HIT the market. This Move-In Ready property is on a PRIMARY LOCATION and CLOSE TO HIGHEST RANKING Walteria Elementary, Richardson Middle and South High School. This property, with one of the LARGEST LOT in this area, provides UNLIMITED GROWTH POTENTIAL to be sold at much HIGHER PRICE! We project each unit will pull approximately $3,000-$3,500 in monthly rent, making for a sky-high pro forma total cap rate over 6%. In addition to the existing structures, the preliminary plan can be provided 1) front unit: a 2-story with an additional 632 SF with the new garage and 2) second unit: a 2-story with a 474 SF addition. We project 2 new construction would add an approximate total of $7000 a month in income to the property and over $2,000,000 in value! Nearby property with smaller lot has been recently sold for $1,400,000! Also great for Airbnb business. One unit is already occupied by tenant. Duplex is two different units, each unit with 2beds and 1bath. The front unit, 768 sqft, is FULLY remodeled with Contemporary style in 2021. The second unit, 1026 sqft, is a Ranch style with cozy design, and is currently tenant occupied. New Gas Pipe has been completely replaced in June 2021. PROPERTY IS TO BE SOLD AS-IS.
Exterior Features

Exclusive Use Yard Yes Lot Size 7500-10889 SF Parking Garage Description Garage Parking Non Garage Description Driveway Parking Spaces Total 2 Pool N/K Residential Styles All Other Attached Residential Unit Location 1 Common Wall Site Sidewalks Spa N/K View Neighborhood

Interior Features

Bath Totals 2 Bedrooms Total 4 Cooling N/K Equipment Available DishwasherMicrowaveRefrigeratorFreezerGas OvenGas Range Fireplace N/K Floor Coverings Laminate Heat Equipment FireplaceWall/Gravity Interior Features Granite CountersRecessed Lighting Interior Walls Wood Products/Paneling Laundry Location GarageLaundry Room Laundry Utilities Washer Hookup Searchable Rooms DenKitchenLiving RoomEntryLaundryMaster Bathroom Stories 1 Story

Property Features

Architectural Style Modern Assessments Unknown Home Owners Fees 0.0 Property Condition TurnkeyUpdated/Remodeled Sales Restrictions Standard Security Carbon Monoxide DetectorsFire/Smoke Detection Sys Sewer Septic Public Sewer Terms CashConventionalFhaVaCash To New Loan Water Public Zoning Torr-Lm

Listing provided courtesy of Dream Ere. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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