- N/A BR
- 0 BA
- N/A SqFt.
- 4,782 Lot
- $1,150,000
- Active
- DOM: 36
Description
1518 Marcelina Ave is a well positioned 7-Unit situated in the quiet neighborhood of Old Torrance. The property boasts (7) 1-bed/1.5-bath two-story units, each with their own attached garage and private balconies. Tenants enjoy downstairs bedrooms with upstairs living room, kitchen, and ½ guest bathroom. The location also provides easy access to a range of retail and restaurant establishments.
The building offers 5,085 RSF of living space priced at $452/SF and $328,571 per unit, with a proforma 12.17 GRM and 5.72% Proforma CAP presenting significant upside potential.
With its premier location, sizeable living space, and attractive pricing, 1518 Marcelina Ave is an excellent investment opportunity for any Los Angeles CRE Investor.
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Property Details for 1518 Marcelina Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Brett Lyon
- Listing Brokered By
- Lyon Stahl Investment Real Estate, Inc.
- Type
- Residential Income, Mixed Use
- Year Built
- 1985 (Assessor)
- MLS Area
- 134 - Old Torrance
Price and MLS Information
- Status
- Closed | Listing History
- MLS Days on Mkt.
- 9 DOM
- Combined DOM*
- 9
- First Date Active
- July 10th, 2023
- Closing Date
- August 1st, 2023
- Sold Price
- $2,460,000
- Orig. List Price
- $2,300,000
- MLS® #
- SB23122892
- APN
- 7355023025
- Special
- Standard
Home Interior Information
- Levels/Stories
- One
- Fireplaces
- None
Room Information
- Laundry
- InGarage
Exterior Information
- Lot Description
- 6-10 Units/Acre
- Lot Size (sq. ft.)
- 7,001
- Lot Size (acres)
- 0.16
- Pool
- None
- Parking Spaces
- 7
- Garage Spaces
- 7
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- TODC-CTR
- Buyer's Brokerage Fee
- 2.500
- Co-Agent
- Joseph Stahl
- Co-Agent Office
- Lyon Stahl Investment Real Estate, Inc.
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
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Neighborhood Information
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Listing/Price History
1518 Marcelina Avenue, Torrance, (MLS® #SB23122892)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | $2,460,000 | – | |
| Pending (from Active) | – | – | |
| First Day Active | $2,300,000 | – |
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Listing Summary
Quick Summary of 1518 Marcelina Avenue: This home in Torrance is priced at $2,300,000 . The Mixed Use residence was originally built in 1985 and was listed on July 10th, 2023 at $2,300,000, showing 9 Days on Market currently. Contact Dave Fratello today for more information or to go see 1518 Marcelina Avenue.
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Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 5:21am PDT. 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, 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.
