Pending

24610 Park Street

Torrance CA, 90505

$1,980,000


$438.05 per sqft

Pending

4,520 sqft

Multi-family

Built in 1964

Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker 562-436-5800

On market for the first time in 40 years! 24610 Park Street is a well-maintained five-unit apartment building in Torrance, California. This offering presents an outstanding opportunity for an investor to acquire an asset with a strong unit mix, desirable location, and 48 percent rental upside.

24610 Park Street is a 1964 construction with a mix of one one-bed/one-bath unit, three two-bed/one-and-one-half-bath units, and one three-bed/one-and-one-half bath unit. The 4,520-square foot building is all-electric and offers five single-car garages, on-site laundry, a security camera system, and lush landscaping. Furthermore, the building features a newer roof and upgraded interiors in select units.

This property boasts a great South Bay location in an affluent neighborhood on the border of Rolling Hills Estates; the average household income within one mile exceeds $167,000. Additionally, this building is just over one block to Walteria Elementary School.

PW24029833

MLS ID

February 12, 2024

Listed

February 24, 2024

Updated

Map

24610 Park Street
Torrance CA, 90505

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.18 Acres


Lot Features

Rectangular Lot


Sewer

Public Sewer

Other Property Details

Area Name

125 - Walteria


Days on Market

4


Garage

Yes


Garage Spaces

5


Parking Total

5


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

TORR-MD


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/24/2024

Pending

Listing Contact: 562-436-5800 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/24/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/24/2024 at 1:41 AM UTC

 

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