Rare opportunity to acquire a corner-lot fourplex in Old Torrance that is insulated from traffic yet central to everything South Bay. Spanning 2,854 sf across a 6,496 sf lot and comprised of two single level and spacious 2-bed 1-bath units, together with two additional 1-bed 1-bath units situated atop four single car garages and balanced perfectly around a central yard, this building makes sense for owner occupants and investors alike. Both of the 2-bed units feel like single family living and will be delivered vacant, presenting an ideal setup for an owner-user looking to occupy one or more units while subsidizing the mortgage with additional rents. This property is ideally situated nearby schools (Torrance Elementary and Torrance High School), parks, and shopping, as well as easily accessible from Southern California employment hubs, such that rental demand will remain stable for the foreseeable future. There is no local rent control here (on information and belief only CA AB1482 applies, but buyer to verify) and gas and electric are separately metered. There are also several avenues to add value, such as repositioning the leases on the 1-bedroom units, converting owner’s storage space (laundry hookups present!) to community laundry facility for additional stream of income, and potentially converting the garages to ADUs to maximize return. Just 1.5 miles to the Torrance Crossroads, 2.5 miles to Del Amo Shopping Center, just 4 miles to Torrance Beach, and 5 miles to King Harbor, the property also provides easy access to and from the whole of Southern Bay via nearby Western, Sepulveda, and Torrance Blvd corridors, as well as the rest of Southern California via nearby 110 freeway.
Property Details
Price:
$1,750,000
MLS #:
SB24192830
Status:
Pending
Baths:
0
Address:
2016 Plaza Del Amo
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
134oldtorrance
City:
Torrance
Listed Date:
Sep 9, 2024
State:
CA
ZIP:
90501
Lot Size:
6,496 sqft / 0.15 acres (approx)
Year Built:
1959
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Curbs
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre, Corner Lot
Parking Spots
4.00
Pool Features
None
Sewer
Unknown
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address2016 Plaza Del Amo Torrance CA
- Area134 – Old Torrance
- CityTorrance
- CountyLos Angeles
- Zip Code90501
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Courtesy of Imperial Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2016 Plaza Del Amo
Torrance, CA
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