- N/A BR
- 0 BA
- N/A SqFt.
- 10,788 Lot
- $3,620,000
- Closed
- 8/30/23
Description
775 Portola Ave is an amazing opportunity to own six
units offered at only $282k/unit. The subject property
has over 50% upside in rental income. Whether you are
long term or a value-add investor, the subject
property is the perfect assets to help achieve your
investment goals.
775 Portola Ave features a unit mix of (6) 1-Bed/1-Bath
- each unit features 2 parking space (1 garage and 1
tandem), as well as washer/dyer hookups. Once fully
rented for market and ADU is constructed ($300k), the property
will operate at a 8.61% CAP and 7.64 GRM.
This investment is located near Old Torrance- one of
the more desirable pockets in Torrance. There are
many shops and restaurants close by, as well as Del
Amo Shopping Center. One of the highlights of
Torrance is its excellent education system. The city is
home to several top-rated public and private schools,
providing residents with quality education options for
their children.
More
Property Details for 775 Portola Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Cameron Samimi
- Listing Brokered By
- Lyon Stahl Investment Real Estate, Inc.
- Type
- Residential Income, Apartment
- Year Built
- 1957 (Assessor)
- MLS Area
- 134 - Old Torrance
Price and MLS Information
- Status
- Active Under Contract | Listing History
- MLS Days on Mkt.
- 23 DOM
- Combined DOM*
- 23
- First Date Active
- April 10th, 2024
- Current Price
- $1,695,000
- Orig. List Price
- $1,695,000
- MLS® #
- SB24070404
- APN
- 7354005013
- Special
- Standard
Room Information
- Laundry
- None
Exterior Information
- Lot Description
- 0-1 Unit/Acre
- Lot Size (sq. ft.)
- 5,600
- Lot Size (acres)
- 0.13
- Pool
- None
- Parking Spaces
- 6
- Garage Spaces
- 6
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- TORR-MD
- Buyer's Brokerage Fee
- 2.500
- Co-Agent
- Molly First
- 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.
More
Neighborhood Information
More
Listing/Price History
775 Portola Avenue, Torrance, (MLS® #SB24070404)
| Date | Details | Price | Change |
|---|---|---|---|
| Active Under Contract (from Active) | – | – | |
| First Day Active | $1,695,000 | – |
More
Listing Summary
Quick Summary of 775 Portola Avenue: This home in Torrance is priced at $1,695,000 . The Apartment residence was originally built in 1957 and was listed on April 10th, 2024 at $1,695,000, showing 23 Days on Market currently. Contact Dave Fratello today for more information or to go see 775 Portola Avenue.
More
Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 3:55am 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.
