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    1620 W 209th Street

    Torrance, CA 90501
    • $2,600,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: OC20197712
    $2,600,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,680
      SQFT
    • $339
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    1620 West 209th Street is an 8-unit multifamily investment property located in Torrance, California. Built in 1988, 1620 West 209th Street consists of two-bedroom and three-bedroom units and offers amenities including gated access, covered and uncovered parking, on-site laundry, security doors, and private balconies (select units). 1620 West 209th Street is located within walking distance to Honda American Motor Company headquarters, one of the largest employers in Torrance with over 3,800 employees. The property is also just one mile away from Harbor UCLA Medical Center, one of only five Level 1 trauma centers in the county. Additionally, 1620 West 209th Street is situated in close proximity to the Interstate 110 and 405 interchange, providing residents with easy access to major employment centers throughout the South Bay.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-22T00:28:43.55. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110255129
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    1620 W 209th Street Torrance, CA 90501

    • Price: $2,600,000
    • Status: Active
    • ID#: OC20197712
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    7,680
    SQFT
    $339
    $/SQFT
    1988
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    1620 West 209th Street is an 8-unit multifamily investment property located in Torrance, California. Built in 1988, 1620 West 209th Street consists of two-bedroom and three-bedroom units and offers amenities including gated access, covered and uncovered parking, on-site laundry, security doors, and private balconies (select units). 1620 West 209th Street is located within walking distance to Honda American Motor Company headquarters, one of the largest employers in Torrance with over 3,800 employees. The property is also just one mile away from Harbor UCLA Medical Center, one of only five Level 1 trauma centers in the county. Additionally, 1620 West 209th Street is situated in close proximity to the Interstate 110 and 405 interchange, providing residents with easy access to major employment centers throughout the South Bay.
    Exterior Features

    Garage Spaces 0.00 Lot Features Level With Street Lot Size Source Assessor Lot Size Units Acres Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 3003.50 Elevation Units Feet Fuel Expense 3003.50 Gross Income 166800.00 Gross Operating Income 161976.00 Gross Scheduled Income 160800.00 Insurance Expense 4315.00 Land Lease YN No Laundry YN Yes Maintenance Expense 5600.00 Net Operating Income 95595.00 New Construction YN No New Taxes Expense 33333.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 66381.00 Other Expense 4640.00 Other Expense Description Misc Other Income1 6000.00 Professional Management Expense 6479.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 13400.00 Total Expenses 66381.00 Trash Expense 3003.50 Vacancy Allowance 4824 Water Sewer Expense 3003.50 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-22T00:28:43.55. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003