Description
17302 Ermanita Ave is a turnkey 17-Unit situated in a prime pocket of NW Torrance. The property consists of (1) 2-bed/2-bath unit, (5) 2-Bed/1-Bath, (7) 1-Bed/1-Bath, and (4) Studio Units - with a strong in-place income of over $47K/Mo. The 11,695 SF building sits on a massive 29,992 SF lot and features a BBQ & fire pit area for tenants to enjoy - on top of the pristine quality of the units that are fully equipped with a washer, dryer and AC. The whole building is newly renovated and recent capital improvements to the exterior include: New Roof, Windows, Front Doors & Wood Siding, Improved Landscaping, New Exterior Paint, Copper Plumbing, New Electrical & Drain Lines. The interior is dressed with top-of-the-line renovations including: New Cabinets, Carrara Style Quartz Countertops, Smooth Interior Ceilings, Wood Laminate Flooring, Stainless Steel Appliances, Recessed Lighting, New Bathroom Tile & Interior doors. The property is strategically located on a quiet street in Northwest Torrance - in close proximity to Alondra Park Golf Course, El Camino College, and the South Bay Galleria. With its sizable living space, desirable location, and impressive income, this property is a great opportunity for any investor looking for a cash-flowing prize asset. *Available with Assumable Financing @ 5.25% interest Rate. $3.9M of the Loan is Assumable - Subject to Buyer Qualification. Fixed Rate until Feb 2033
Details
| MLS # | SB26042579 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1962 |
| Days On Site | 191 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Brett Lyon |
Features
| SQ Feet | 11,695 |
|---|---|
| Story(s) | 2 |
| Units | 17 |
| Building(s) | 3 |
| Acreage | 0.69 |
Exterior
| Lot Features | Sixteen To Twenty Units Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Torrance |
| Zip Code | 90504 |
| Area | 132 N Torrance West |
| Listing VS Median (in 90504) | |
Price: $7,995,000 low | high Med: $985,000 sqft: 11,695 low | high Med: 1,183 $ / sqft: $684 low | high Med: $833 On site: 191 low | high Med: 76 | |
Market Activity 90504
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Torrance |
| Zip Code | 90504 |
| Area | 132 N Torrance West |
| Listing VS Median (in 90504) | |
Price: $7,995,000 low | high Med: $985,000 sqft: 11,695 low | high Med: 1,183 $ / sqft: $684 low | high Med: $833 On site: 191 low | high Med: 76 | |