$2,460,000
$2,300,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
1518 Marcelina AVE Torrance, CA 90501
5,085 SqFt
Key Details
Sold Price $2,460,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,085 sqft
Price per Sqft $483
MLS Listing ID SB23122892
Sold Date 08/01/23
HOA Y/N No
Year Built 1985
Lot Size 7,000 Sqft
Acres 0.1607
Property Description
1518 Marcelina Ave is a well positioned 7-Unit situated in the quiet neighborhood of Old Torrance. The property boasts (7) 1-bed/1.5-bath two-story units, each with their own attached garage and private balconies. Tenants enjoy downstairs bedrooms with upstairs living room, kitchen, and ½ guest bathroom. The location also provides easy access to a range of retail and restaurant establishments.
The building offers 5,085 RSF of living space priced at $452/SF and $328,571 per unit, with a proforma 12.17 GRM and 5.72% Proforma CAP presenting significant upside potential.
With its premier location, sizeable living space, and attractive pricing, 1518 Marcelina Ave is an excellent investment opportunity for any Los Angeles CRE Investor.
Location
State CA
County Los Angeles
Area 134 - Old Torrance
Zoning TODC-CTR
Rooms
Ensuite Laundry In Garage
Interior
Laundry Location In Garage
Fireplaces Type None
Fireplace No
Laundry In Garage
Exterior
Garage Garage
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Biking
Parking Type Garage
Total Parking Spaces 7
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 7355023025
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Rob McGarry • Vista Sotheby’s International Realty