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24610 Park Street

Torrance, 90505

0 Bd
0 Ba
7,633 Lot
$2,005,000 SOLD Price | Closed 3/8/24
Closed Status
4 Days on Market
Feb 12 First Day Active
$1,980,000 Start Price

Description

On market for the first time in 40 years! 24610 Park Street is a well-maintained five-unit apartment building in Torrance, California. This offering presents an outstanding opportunity for an investor to acquire an asset with a strong unit mix, desirable location, and 48 percent rental upside.



24610 Park Street is a 1964 construction with a mix of one one-bed/one-bath unit, three two-bed/one-and-one-half-bath units, and one three-bed/one-and-one-half bath unit. The 4,520-square foot building is all-electric and offers five single-car garages, on-site laundry, a security camera system, and lush landscaping. Furthermore, the building features a newer roof and upgraded interiors in select units.



This property boasts a great South Bay location in an affluent neighborhood on the border of Rolling Hills Estates; the average household income within one mile exceeds $167,000. Additionally, this building is just over one block to Walteria Elementary School.

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Property Details for 24610 Park Street

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Steven Bogoyevac
Listing Brokered By
Steven M. Bogoyevac, Broker
Type
Residential Income, Mixed Use
Year Built
1964 (Assessor)
MLS Area
125 - Walteria

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
4 DOM
Combined DOM*
4
First Date Active
February 12th, 2024
Closing Date
March 8th, 2024
Sold Price
$2,005,000
Orig. List Price
$1,980,000
MLS® #
PW24029833
APN
7547003011
Special
Standard

Room Information

Laundry
CommonArea

Exterior Information

Lot Description
Rectangular Lot
Lot Size (sq. ft.)
7,633
Lot Size (acres)
0.18
Pool
None
Parking Spaces
5
Garage Spaces
5

Utilities Information

Water Source
Public

Additional Information

Zoning
TORR-MD
Buyer's Brokerage Fee
2.000
Co-Agent
David O'Keefe
Co-Agent Office
Marcus & Millichap

* 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
125 - Walteria
City/State
Torrance
Zip Code
90505
County
Los Angeles
# of Units
5
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Listing/Price History

24610 Park Street, Torrance, (MLS® #PW24029833)

Date Details Price Change
Closed $2,005,000
Pending (from Active)
First Day Active $1,980,000
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Listing Summary

Quick Summary of 24610 Park Street: This home in Torrance is priced at $1,980,000 . The Mixed Use residence was originally built in 1964 and was listed on February 12th, 2024 at $1,980,000, showing 4 Days on Market currently. Contact Dave Fratello today for more information or to go see 24610 Park Street.

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Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 1:25am 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.