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1810 Cabrillo Avenue

Torrance, CA 90501
  • $1,145,000
  • STATUS: Active
  • ON SITE: 40 Days
  • ID#: SB22076326
Price Reduced
UPDATED: 38 min ago
$1,145,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

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


Description

We are pleased to present 1810 Cabrillo Ave, a professionally managed and well-maintained Duplex in the Premium, Low-Turnover Submarket of Old Torrance. This 2,448 SF Duplex features an Outstanding Unit Mix of (2) 3 Bed/2 Bath Units with each unit averaging over 1,200 SF, which is incredibly rare for this historic submarket. In addition, the building offers (4) adjacent Garage Parking Spaces, (2) allocated for each tenant, and an additional skirt space should they choose to utilize it. The garage runs the width of the lot and faces out back to the alley, so there are no ingress/egress related challenges. In addition, there are several other unique characteristics about this property that are favorable to its occupants, including, but not limited to, a well-maintained pool and a classic wood-burning fireplace in the back unit. The building was completely re-roofed in 2012 from old wood shake to composition shingles and remains in like-new condition to this day. Furthermore, the Professional, In-Place Property Management provides keen oversight on the buildings big-ticket structural items and ensures on-time rent payments from its long-term tenants. For these reasons, this duplex is poised for a seamless and hassle-free transition to new ownership, whether it be for an investor or an Owner/User. From a Land Value/Development Perspective, the land is Favorably Zoned TORR-MD, allowing at least (4) units to be built on this 6,900 SF Lot. Further, the Building itself boasts an Excellent Walk Score of 92 ("Walkers Paradise), which serves not only as a testament to the Submarket, but also to the Buildings Strategic Location within as the tenants enjoy a multitude of dining, shopping, and entertainment options that are all readily assessable by foot. Lastly, the property is not subject to the harsh LA City Rent Stabilization Ordinances (only AB1482), and/or any other policies, requirements, etc that are specific to the City of LA.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T10:30:02.237. 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/127752500
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1810 Cabrillo Avenue Torrance, CA 90501

  • Price: $1,145,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 38 min ago
  • ID#: SB22076326
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1952
Built
Neighborhood:
134 - Old Torrance
County:
Los Angeles
Area:
134 - Old Torrance
Property Description
We are pleased to present 1810 Cabrillo Ave, a professionally managed and well-maintained Duplex in the Premium, Low-Turnover Submarket of Old Torrance. This 2,448 SF Duplex features an Outstanding Unit Mix of (2) 3 Bed/2 Bath Units with each unit averaging over 1,200 SF, which is incredibly rare for this historic submarket. In addition, the building offers (4) adjacent Garage Parking Spaces, (2) allocated for each tenant, and an additional skirt space should they choose to utilize it. The garage runs the width of the lot and faces out back to the alley, so there are no ingress/egress related challenges. In addition, there are several other unique characteristics about this property that are favorable to its occupants, including, but not limited to, a well-maintained pool and a classic wood-burning fireplace in the back unit. The building was completely re-roofed in 2012 from old wood shake to composition shingles and remains in like-new condition to this day. Furthermore, the Professional, In-Place Property Management provides keen oversight on the buildings big-ticket structural items and ensures on-time rent payments from its long-term tenants. For these reasons, this duplex is poised for a seamless and hassle-free transition to new ownership, whether it be for an investor or an Owner/User. From a Land Value/Development Perspective, the land is Favorably Zoned TORR-MD, allowing at least (4) units to be built on this 6,900 SF Lot. Further, the Building itself boasts an Excellent Walk Score of 92 ("Walkers Paradise), which serves not only as a testament to the Submarket, but also to the Buildings Strategic Location within as the tenants enjoy a multitude of dining, shopping, and entertainment options that are all readily assessable by foot. Lastly, the property is not subject to the harsh LA City Rent Stabilization Ordinances (only AB1482), and/or any other policies, requirements, etc that are specific to the City of LA.
Exterior Features

Fencing None Foundation Details Raised Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Open Parking Spaces 2 Parking Features GaragePrivateGarage Faces RearOne Space Parking Total 6 Pool Features In GroundPrivate Pool Private YN Yes Property Attached YN No Road Frontage Type City Street Road Surface Type MaintainedPaved Roof CompositionShingle Spa Features None Spa YN No View None View YN No

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Heating Fireplace(S) Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStreet LightsSidewalks Garage YN Yes Gross Income 55068 Gross Scheduled Income 54168 Insurance Expense 979 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 1625 Net Operating Income 35891 New Construction YN No New Taxes Expense 13321 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 17525 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 240 Vacancy Allowance 1652 Water Sewer Expense 1400 Water Source Public Zoning Torr-Md



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T10:30:02.237. 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): Joshua Barut of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)