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

1639 W 228th Street

^$ 2,200,000

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1639 W 228th Street

Torrance, CA, 90501

^$ 2,200,000

Bedrooms14 Baths8.0 Sq 3,191

Monthly Estimate*

^$ 15,368

Listed by Marcus & Millichap

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

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

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

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

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

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

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

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

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

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

Multi-Family Home for sale in Torrance, CA

for $2,200,000 with 14 bedrooms and 8 full baths. This 3,191 square foot home was built in 1961 on a lot size of 0.3306.

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

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.3306

Year Built

1961

Town/City

Torrance

County/Region

Los Angeles

MLS | Web ID

22211797

Days on Market

572

Features

General

Heating None

Zoning LACM

Year Built 1961

Gross Income 192000.0

County Los Angeles

Net Operating Income 155040.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Directions NE of 228th St and Western Ave

City Torrance

View Y/N N

Senior Community Y/N N

Total Units 2

MLS Area 122 - Harbor Gateway

Lot Size Square Feet 14403.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 228th

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 168

Standard Status Pending

Cap Rate 7.0

Exterior

Parking Features None

Total Parking 0.0

Lot Size Area 14403.0

Number of Buildings 2

Spa N

Building Area Total 3191.0

Lot Dimensions 80x180

Lot Size Acres 0.3306

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 14

Electric On Property Y/N N

Total Baths 8

Internal Only

Street Number 1 1639

* Excluded Features

List By

Marcus & Millichap

Broker

(310) 909-5478

Phone

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 ^$3,100,750

Percent of Sale Price 41%

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.

273443 Elementary School

272636 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
10/25/2022	$2,350,000		Listed Price

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1639 W 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 0.3306. 1639 W 228th Street has 14 bedrooms, 8.0 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1639 W 228th Street

Multi-Family Home for sale in Torrance, CA

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