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16112 Van Ness Avenue

Torrance, CA 90504
  • $2,795,000
  • STATUS: Pending
  • ON SITE: 13 Days
  • ID#: 22155479
Pending
UPDATED: 31 min ago
$2,795,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Listing Agent(s): Daniel Shieh of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

16112 Van Ness Avenue is a well-maintained, 9+1 unit apartment building comprised of four (4) 1 bed/1 bath, five (5) 2 bed/1 bath, and one (1) non-conforming bachelor's unit. Unit 6 (2+1) is currently vacant, all tenants are current and paid in full. Over 20% rent upside. Seller has taken great care of property; copper plumbing throughout, a new security gate and fence was installed in 2018, a new roof was installed in 2015. Seven of the units have been updated with new kitchen cabinets, granite countertops, bathtubs and flooring during current ownership. Ten dedicated parking spots in the rear of the building. Great opportunity to hedge against inflation and own in a strong rental market. Contact LA1 for Offering Memorandum.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T21:30:18.813. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128586133
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16112 Van Ness Avenue Torrance, CA 90504

  • Price: $2,795,000
  • Status: Pending
  • On Site: 13 Days
  • Updated: 31 min ago
  • ID#: 22155479
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1957
Built
Neighborhood:
133 - N Torrance - East
County:
Los Angeles
Area:
133 - N Torrance - East
Property Description
16112 Van Ness Avenue is a well-maintained, 9+1 unit apartment building comprised of four (4) 1 bed/1 bath, five (5) 2 bed/1 bath, and one (1) non-conforming bachelor's unit. Unit 6 (2+1) is currently vacant, all tenants are current and paid in full. Over 20% rent upside. Seller has taken great care of property; copper plumbing throughout, a new security gate and fence was installed in 2018, a new roof was installed in 2015. Seven of the units have been updated with new kitchen cabinets, granite countertops, bathtubs and flooring during current ownership. Ten dedicated parking spots in the rear of the building. Great opportunity to hedge against inflation and own in a strong rental market. Contact LA1 for Offering Memorandum.
Exterior Features

Parking Features One SpaceSide By SideUncovered Parking Total 10

Interior Features

Appliances Vented Exhaust Fan Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)

Property Features

Association Fee 0 Gross Income 173436 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 106276 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Torr-Mh



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T21:30:18.813. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Daniel Shieh of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)