- N/A BR
- 0 BA
- N/A SqFt.
- 278,386 Lot
- $2,750,811
- Pending
Description
18 unit residential apartment building in prime Walteria/South Torrance area. Situated in a strong rental market, this well maintained building offers a mix of spacious 1 & 2 bedroom apartments with 1 studio & a bonus unit.
-INCOME- Current gross scheduled income is $290,352/year. However, pro forma/market rents could bring the Gross scheduled income conservatively to around $425,000/year.
-LAYOUT- Large 11,738 sqft building on a 17,440 sqft lot. 25 bedrooms in total with 19 bathrooms and a bonus, 450 sqft studio that is currently being used for storage. 9 (1 bedroom/1 Bath), 8 (2 bedrooms/1 Bath) & 1 (Studio). Total of 18 garage spaces; 8 covered garages w/ auto door openers & 10 covered garages. Co-Op shared laundry room w/ 2 washing machines & 2 dryers. Rent includes trash & water while tenants pay electrical, gas, cable, etc. Each unit comes with a stove.
-SCHOOLS- Top rated school district in the country; 10/10 South High school, 9/10 elementary and middle schools.
-MAINTENANCE/UPDATES- Exceptionally Maintained throughout the years w/ a new roof in 2020, new dual pane windows & gutters throughout (2017), new sprinklers covering the entire lot (2017), water heater (2017), most individual fuse boxes are less than 10 years old, & exterior painting of entire building was completed in 2017.
-LOCATION- Groceries, shopping, restaurants all within a 1 mile radius, 6 min drive to the Hollywood Riviera in Redondo Beach, 7 mins to the Pacific Ocean, 5 min drive to the Palos Verdes Peninsula & 25 mins to LAX airport. Centrally located in the heart of highly distinguished Walteria/South Torrance area & a rare opportunity to own a generational, top tier property!
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Property Details for 23870 Los Codona Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Brok Butcher
- Listing Brokered By
- Butcher Realty
- Type
- Residential Income, Mixed Use
- Year Built
- 1964 (Assessor)
- MLS Area
- 129 - South Torrance
Price and MLS Information
- Status
- Closed | Listing History
- MLS Days on Mkt.
- 58 DOM
- Combined DOM*
- 58
- First Date Active
- August 20th, 2024
- Closing Date
- November 6th, 2024
- Sold Price
- $4,225,000
- Orig. List Price
- $6,200,000
- MLS® #
- PV24169147
- APN
- 7378008080
- Special
- Probate Listing, Trust
Home Interior Information
- Flooring
- Carpet, Laminate
- Int. Features
- Storage, Galley Kitchen
Room Information
- Laundry
- CommonArea
Exterior Information
- Lot Description
- Corner Lot, SixteenToTwentyUnitsAcre
- Lot Size (sq. ft.)
- 17,440
- Lot Size (acres)
- 0.40
- Pool
- None
- Parking Spaces
- 18
- Garage Spaces
- 8
Utilities Information
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- Water Source
- Public
Additional Information
- Zoning
- TORR-MH
* 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
23870 Los Codona Avenue, Torrance, (MLS® #PV24169147)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | $4,225,000 | – | |
| Pending | – | – | |
| Active Under Contract (from Active) | – | – | |
| Price Reduced (from $6,200,000) | $5,000,000 | $1,200,000 (19.35%) | |
| First Day Active | $6,200,000 | – |
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Listing Summary
Quick Summary of 23870 Los Codona Avenue: This home in Torrance is priced at $5,000,000 . The Mixed Use residence was originally built in 1964 and was listed on August 20th, 2024 at $6,200,000, showing 58 Days on Market currently. Contact Dave Fratello today for more information or to go see 23870 Los Codona Avenue.
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Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2025 at 8:40pm 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.
