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    24454 Park Street

    Torrance, CA 90505
    • $1,265,000
    • STATUS: Closed
    • ON SITE: 98 days
    • MLS #: PW21130302
    Sold - 09/17/2021
    $1,265,000
    SOLD - 09/17/2021
    • 4
      BEDS
    • 0.17
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,794
      SQFT
    • $705
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1924
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    MUST-SEE! Finally the most desired property by both investors and homeowners HIT the market. This Move-In Ready property is on a PRIMARY LOCATION and CLOSE TO HIGHEST RANKING Walteria Elementary, Richardson Middle and South High School. This property, with one of the LARGEST LOT in this area, provides UNLIMITED GROWTH POTENTIAL to be sold at much HIGHER PRICE! We project each unit will pull approximately $3,000-$3,500 in monthly rent, making for a sky-high pro forma total cap rate over 6%. In addition to the existing structures, the preliminary plan can be provided 1) front unit: a 2-story with an additional 632 SF with the new garage and 2) second unit: a 2-story with a 474 SF addition. We project 2 new construction would add an approximate total of $7000 a month in income to the property and over $2,000,000 in value! Nearby property with smaller lot has been recently sold for $1,400,000! Also great for Airbnb business. One unit is already occupied by tenant. Duplex is two different units, each unit with 2beds and 1bath. The front unit, 768 sqft, is FULLY remodeled with Contemporary style in 2021. The second unit, 1026 sqft, is a Ranch style with cozy design, and is currently tenant occupied. New Gas Pipe has been completely replaced in June 2021. PROPERTY IS TO BE SOLD AS-IS.

    Sold by Wayne Dolan of The Realestate Group.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-25T18:27:59.017. 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/118454357
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    24454 Park Street Torrance, CA 90505

    • Price: $1,299,900
    • Status: Closed
    • Updated: 32 min ago
    • MLS #: PW21130302
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.17
    Acres
    1,794
    SQFT
    $705
    $/SQFT
    1924
    Built
    Neighborhood:
    125 - Walteria
    County:
    Los Angeles
    Area:
    125 - Walteria
    Elementary School:
    Walteria
    Middle School:
    Edwards
    High School:
    South
    School District:
    Torrance Unified
    Property Description
    MUST-SEE! Finally the most desired property by both investors and homeowners HIT the market. This Move-In Ready property is on a PRIMARY LOCATION and CLOSE TO HIGHEST RANKING Walteria Elementary, Richardson Middle and South High School. This property, with one of the LARGEST LOT in this area, provides UNLIMITED GROWTH POTENTIAL to be sold at much HIGHER PRICE! We project each unit will pull approximately $3,000-$3,500 in monthly rent, making for a sky-high pro forma total cap rate over 6%. In addition to the existing structures, the preliminary plan can be provided 1) front unit: a 2-story with an additional 632 SF with the new garage and 2) second unit: a 2-story with a 474 SF addition. We project 2 new construction would add an approximate total of $7000 a month in income to the property and over $2,000,000 in value! Nearby property with smaller lot has been recently sold for $1,400,000! Also great for Airbnb business. One unit is already occupied by tenant. Duplex is two different units, each unit with 2beds and 1bath. The front unit, 768 sqft, is FULLY remodeled with Contemporary style in 2021. The second unit, 1026 sqft, is a Ranch style with cozy design, and is currently tenant occupied. New Gas Pipe has been completely replaced in June 2021. PROPERTY IS TO BE SOLD AS-IS.
    Exterior Features

    Architectural Style Modern Attached Garage YN 0 Lot Features Back YardFront YardYard Other Structures Shed(S) Parking Features DrivewayGarage Parking Total 2 Patio And Porch Features Front Porch Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherFreezerGas OvenGas RangeMicrowaveRefrigeratorWater Heater Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Laminate Heating Fireplace(S)Wall Furnace Heating YN Yes Interior Features Granite CountersRecessed LightingWood Product Walls Main Level Bathrooms 1 Main Level Bedrooms 2 Window Features Blinds

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Buyer Financing Cash To New Loan Common Interest None Community Features Sidewalks Garage YN Yes Inclusions OvenStoveMicrowaveDishwasher. Other House: Refrigerator. Laundry Features Washer HookupIn GarageLaundry Room Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Entry Only Listing Terms CashCash To New LoanConventionalFhaVa Loan New Construction YN No Property Condition Updated/RemodeledTurnkey Property Sub Type Single Family Residence Security Features Carbon Monoxide Detector(S)Fire Detection SystemSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Duplex Water Source Public Zoning Torr-Lm

    Listing provided courtesy of Young Lee of Dream Ere and Ji Won Yang of Dream Ere


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-25T18:27:59.017. 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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