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20518 Raymond Avenue

Torrance, CA 90502
  • $899,000
  • STATUS: Active
  • ON SITE: 167 Days
  • MLS #: WS24198823
Price Reduced
UPDATED: 23 min ago
$899,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Listing Agent(s): Jerry Lin of Eddy Lee Jen Chao (626-376-1211)


Description

Residential income opportunity located at the gateway of Torrance. Close proximity to parks and Front house is 1200 SF featuring 3 bedrooms and 2 bathrooms. With new flooring installed a few years ago and a renovated bathroom, the cozy home also features a spacious kitchen. The backhouse is approximately 800 SF with 1 bedroom and 1 full bathroom with the bonus of its own private yard. To add to the income stream, the garage was converted to two units featuring one studio and another being 1 bedroom and 1 bathroom. The property is fully leased. One of the members of the holding company is a licensed realtor.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T16:34:18.76. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/156138740
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20518 Raymond Avenue Torrance, CA 90502

  • Price: $899,000
  • Status: Active
  • On Site: 167 Days
  • Updated: 23 min ago
  • MLS #: WS24198823
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1959
Built
Neighborhood:
123 - County Strip
County:
Los Angeles
Area:
123 - County Strip
Property Description
Residential income opportunity located at the gateway of Torrance. Close proximity to parks and Front house is 1200 SF featuring 3 bedrooms and 2 bathrooms. With new flooring installed a few years ago and a renovated bathroom, the cozy home also features a spacious kitchen. The backhouse is approximately 800 SF with 1 bedroom and 1 full bathroom with the bonus of its own private yard. To add to the income stream, the garage was converted to two units featuring one studio and another being 1 bedroom and 1 bathroom. The property is fully leased. One of the members of the holding company is a licensed realtor.
Exterior Features

Entry Level 1 Entry Location Driveway Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DryerWasher Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsParkStreet Lights Electric Expense 1800 Fuel Expense 0 Garage YN No Gross Income 66720 Gross Scheduled Income 66720 Insurance Expense 2500 Land Lease YN No Laundry Features Common AreaWasher HookupElectric Dryer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFannie Mae Net Operating Income 61700 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 5020 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasWater Total Actual Rent 5560 Trash Expense 0 Water Sewer Expense 720 Water Source Public Zoning LCR2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T16:34:18.76. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Jerry Lin of Eddy Lee Jen Chao (626-376-1211)