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Seldom does a property on this cul-de-sac become available. It is one of the best cul-de-sacs in Torrance and the only one that allows for multi family zoning. This street is known for going all out with the Christmas decorations and is listed in the local press as a must see during the Holiday months. After clicking on the additional photos tab click the photo of the house to see all the pictures.
The owner occupied front unit is approx 950 square feet and is one level. The two bedrooms are large and the back bedroom has two closets. The living room is huge and there is an adjacent dining area. The front unit has hardwood floors, a inside laundry room and private two car diveway.
The rear two units were built in the 1980's. They are both three bedroom, two bath townhouse style with an attached two car garage. The square footage of each unit is approx 1200 square feet. The floorplans are well thought out with the stairwell and kitchen in the center. The master suite is separated from the other two bedrooms by the large living room and the other living areas. Both rear units have air conditioning. Unit C has been refurbished with new paint, carpet and vinyl. Unit C has been leased at $2,200.00 per month for a year starting July 15, 2010. Unit A and B will be vacant upon close of escrow. Unit A can be rented with the front driveway and one of garages for $1,800.00 per month. Unit B can be rented for $2,300.00 per month. The total income possible is approximately $75,600.00 per year making this property a hard to come by 12x gross multiplier.
The rear units have at least three additional off street parking spaces. There is also a large storage area. This one-of-a-kind property is offered at $899,999.99 and the owner is motivated and wants offers. For more information or a tour of the front two units please contact John Fields at 310-617-5850. Bonanza Realty DRE#00993786
The owner occupied front unit is approx 950 square feet and is one level. The two bedrooms are large and the back bedroom has two closets. The living room is huge and there is an adjacent dining area. The front unit has hardwood floors, a inside laundry room and private two car diveway.
The rear two units were built in the 1980's. They are both three bedroom, two bath townhouse style with an attached two car garage. The square footage of each unit is approx 1200 square feet. The floorplans are well thought out with the stairwell and kitchen in the center. The master suite is separated from the other two bedrooms by the large living room and the other living areas. Both rear units have air conditioning. Unit C has been refurbished with new paint, carpet and vinyl. Unit C has been leased at $2,200.00 per month for a year starting July 15, 2010. Unit A and B will be vacant upon close of escrow. Unit A can be rented with the front driveway and one of garages for $1,800.00 per month. Unit B can be rented for $2,300.00 per month. The total income possible is approximately $75,600.00 per year making this property a hard to come by 12x gross multiplier.
The rear units have at least three additional off street parking spaces. There is also a large storage area. This one-of-a-kind property is offered at $899,999.99 and the owner is motivated and wants offers. For more information or a tour of the front two units please contact John Fields at 310-617-5850. Bonanza Realty DRE#00993786
