1810 Cabrillo Avenue

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.