Torrance, CA 90501 1533 W 224th Street

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Presented By: Taylor Avakian with TAYVAY Corporation;
  • MLS# 24371403
  • 03/21/2024
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  • BedBeds • 8
  • BathBaths • 9
  • FootageSQFT • 4,586

Home Details

1533 W 224th St is a 6-unit Apartment Building constructed in 1986. Nestled in the vibrant neighborhood of Torrance, CA, this charming property offers residents a blend of modern comfort and urban convenience. The property provides an investor the opportunity to significantly improve the rents to be in line with the current rental market. This property is perfect for an investor looking for a value-added opportunity located in a growing rental market. Boasting a strategic location just minutes from the Pacific Ocean, this property taps into Torrance's allure as a hub of economic activity and coastal living, offering investors a gateway to the thriving South Bay region of Los Angeles County. Investors at 1533 W 224th St benefit from the city's diverse business landscape and strong job market, positioning this property as a lucrative asset in any portfolio.Additionally, the property enjoys easy access to several major highways, including Interstate 405 (I-405), Interstate 110 (I-110), and State Route 1 (SR-1), providing convenient routes for commuters traveling throughout the Greater Los Angeles area. With its desirable location, modern amenities, and proximity to parks, beaches, and major highways, 1533 W 224th St presents an exceptional opportunity for those seeking to blend stability with growth potential.
Presented By: Taylor Avakian with TAYVAY Corporation;

Interior Features for 1533 W 224th Street

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths9

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 Stories2

General for 1533 W 224th Street

Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Carport Y/NNo
CityTorrance
CoolingNone
CountyLos Angeles
Days on Market53
DirectionsStarting from the 405 Freeway, head south on the I-405 S. Take exit 38 for Crenshaw Blvd, and keep right at the fork, following signs for Crenshaw Blvd S. Merge onto Crenshaw Blvd and continue straight
Garage Y/NNo
Gross Income110557.0
HOA / Comm AssnNo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet7200.0
MLS Area122 - Harbor Gateway
MobileHomeRemainsYNNo
Net Operating Income71589.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street Name224th
Total Units6
View Y/NNo
Waterfront Y/NNo
Year Built1986
ZoningLARD2

Exterior for 1533 W 224th Street

Building Area Total4586.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions40x180
Lot Size Acres0.1653
Lot Size Area7200.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesUncovered
SpaNo
Total Parking10.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,425,000
MLS#24371403
List Date 03/21/2024
Property Type Multi-Family
Phone 714.964.3311
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