Home > California > Los Angeles County > Torrance > 1616 W 218th St

1616 W 218th St
Torrance, CA 90501

Sold
Basic Information

Sold For:

$1,010,000

Type:

Multi-Family

Bedrooms:

Bathrooms:

Square Feet:

5483

Year Built:

1983

County:

Los Angeles

Sold Date:

2/28/2012(257 Days On Market)

MLS ID:

S663062

Great Opportunity to Own a Newer Building that Was Built in 1983. Super Location, Located on a Quiet Tree Lined Street in Nice Area of Torrance. Well Maintained Building. NO RENT CONTROL. Upside Potential in Rents. All Units Have Recently Been Refurbished. Low Turnover and Easy to Manage. On-Site Laundry. Close to Shopping Centers and Freeway. Combination Of Units Are: ... 5 - 1 Bedroom/1 Bath, 2 - 2 Bedroom/1 Bath, 1 - 2 Bedroom/2 Bath. Occupancy Was a Greater Priority For The Owner Than Sustaining Market Rents and has kept Rents Approximately % 'Under Market'. There is Considerable Upside for the Buyer To Increase Rents.

  • Worship
  • Shopping
  • Personal
  • Park
  • Health
  • Government
  • Airport
  • Restaurants
  • Schools
  • Financial

Exterior

Exterior Features:

Stucco

Location

County:

Los Angeles

Driving Directions:

South of W Carson & East of S Western Ave.

Utilities

Sewer:

In, Connected & Paid

Water:

District/Public (N)

Structural Information

Architectural Style:

Traditional

Stories Description:

Two Level

Square Feet:

5,483

Year Built:

1983

Unit Information

Unit 1

Bedrooms:

1

Total Bathrooms :

1.0

Unit 2

Bedrooms:

2

Total Bathrooms :

1.0

Unit 3

Bedrooms:

2

Total Bathrooms :

2.0

Financial Considerations

Price:

$1,050,000

Terms:

Cash, Cash To New Loan

Price History

Sold Price:

2/28/2012$1,010,000

Original List Price:

1/18/2012$1,050,000

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Listed By: Keller Williams Realty, Andy Gillespie - CA DRE: 01341525
Sold By: RE/MAX Commercial & Investment

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