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2016 Plaza Del Amo

Torrance, 90501

0 Bd
0 Ba
6,496 Lot
$1,550,000 SOLD Price | Closed 12/24/24
Closed Status
60 Days on Market
Sep 16 First Day Active
$1,750,000 Start Price

Description

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.

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Property Details for 2016 Plaza Del Amo

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Mark Ehlers
Listing Brokered By
Imperial Real Estate
Type
Residential Income, Quadruplex
Year Built
1959 (Assessor)
MLS Area
134 - Old Torrance

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
60 DOM
Combined DOM*
60
First Date Active
September 16th, 2024
Closing Date
December 24th, 2024
Sold Price
$1,550,000
Orig. List Price
$1,750,000
MLS® #
SB24192830
APN
7357005012
Special
Standard, Trust

Home Interior Information

Levels/Stories
Two

Room Information

Laundry
GasDryerHookup

Exterior Information

Lot Description
ZeroToOneUnitAcre, Corner Lot
Lot Size (sq. ft.)
6,496
Lot Size (acres)
0.15
Pool
None
Parking Spaces
4
Garage Spaces
4

Utilities Information

Water Source
Public

Additional Information

Zoning
TORR-MD

* 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

MLS Area
134 - Old Torrance
City/State
Torrance
Zip Code
90501
County
Los Angeles
# of Units
4
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Listing/Price History

2016 Plaza Del Amo, Torrance, (MLS® #SB24192830)

Date Details Price Change
Closed $1,550,000
Pending
Active Under Contract (from Active)
First Day Active $1,750,000
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Listing Summary

Quick Summary of 2016 Plaza Del Amo: This home in Torrance is priced at $1,750,000 . The Quadruplex residence was originally built in 1959 and was listed on September 16th, 2024 at $1,750,000, showing 60 Days on Market currently. Contact Dave Fratello today for more information or to go see 2016 Plaza Del Amo.

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Based on information from California Regional Multiple Listing Service, Inc. as of February 18th, 2025 at 1:59pm PST. 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.