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Torrance, CA 90501 1639 W 228th Street

$2,200,000

Pending
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Presented By: Jon Emrani with Marcus & Millichap;
  • MLS# 22211797
  • 10/24/2022
  • Request Tour
  • Request Info
  • BedBeds • 14
  • BathBaths • 8
  • FootageSQFT • 3,191

Home Details

Seller may consider carrying a 1st with 25% Down Payment. (Owner User Possible) Fully occupied Residential Reentry Center with a Strong Operator boasting a 7% Cap Rate based on current income. The offering is situated on a large double lot totaling 14,403 Sq. Ft. of CM-1VL Zoning with great future development potential. The Current Land Designation: is Hospitals, Convalescent Homes allowing many uses. The building has a large courtyard and has been recently updated with a pro style kitchen, washer and dryer hookups and a commercial fire alarm system.
Presented By: Jon Emrani with Marcus & Millichap;

Interior Features for 1639 W 228th Street

Bedrooms

Total Bedrooms14

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths8

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixStreet
Total Stories1

General for 1639 W 228th Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate7.0
Carport Y/NNo
CityTorrance
CountyLos Angeles
Days on Market168
DirectionsNE of 228th St and Western Ave
Garage Y/NNo
Gross Income192000.0
HOA / Comm AssnNo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet14403.0
MLS Area122 - Harbor Gateway
MobileHomeRemainsYNNo
Net Operating Income155040.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Street Name228th
Total Units2
View Y/NNo
Waterfront Y/NNo
Year Built1961
ZoningLACM

Exterior for 1639 W 228th Street

Building Area Total3191.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions80x180
Lot Size Acres0.3306
Lot Size Area14403.0
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $2,200,000
MLS#22211797
List Date 10/24/2022
Property Type Pending
Phone 714.964.3311
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Request Info
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors