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    1/2 BATHS
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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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County
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School Ratings & Info

Description

Beautiful DUPLEX in highly desirable Old Town Torrance featuring two 2 bed and 1 bath units and a detached garage with potential to be converted to ADU. Great school district, safe neighborhood and just 4 miles to the beach! Both units have their own backyard and washer dryer hookups, which are rare for the area. Units are in excellent condition, with one recently updated in 2018 - quartz countertops, stainless steel appliances, full bathroom update, and dual pane windows. Strong rental demand in the area. Current rents are close to market rates with easily-realizable upside. Great tenants in place. One tenant is on month-to-month, while the other tenant's lease ends Oct 30th. Can show proof of on-time payments (even through COVID) upon accepted offer. The garage is not included in either tenant's lease and street parking in this corner lot is easily accessible should one decide to convert the garage to an ADU. Perfect for investors, multi-generational families and savvy buyers who want to live in one and rent the other, with huge upside in converting the garage to an ADU. Plans and permits are currently in process with the City. Seller can provide the buyer with plans, if needed. Do not disturb Tenants! Call today before this one is gone!--

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T00:26:59.983. 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 Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/119558276
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711 Acacia Avenue Torrance, CA 90501

  • Price: $1,199,000
  • Status: Active
  • ID#: WS21160200
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1949
Built
Neighborhood:
134 - Old Torrance
County:
Los Angeles
Area:
134 - Old Torrance
Property Description
Beautiful DUPLEX in highly desirable Old Town Torrance featuring two 2 bed and 1 bath units and a detached garage with potential to be converted to ADU. Great school district, safe neighborhood and just 4 miles to the beach! Both units have their own backyard and washer dryer hookups, which are rare for the area. Units are in excellent condition, with one recently updated in 2018 - quartz countertops, stainless steel appliances, full bathroom update, and dual pane windows. Strong rental demand in the area. Current rents are close to market rates with easily-realizable upside. Great tenants in place. One tenant is on month-to-month, while the other tenant's lease ends Oct 30th. Can show proof of on-time payments (even through COVID) upon accepted offer. The garage is not included in either tenant's lease and street parking in this corner lot is easily accessible should one decide to convert the garage to an ADU. Perfect for investors, multi-generational families and savvy buyers who want to live in one and rent the other, with huge upside in converting the garage to an ADU. Plans and permits are currently in process with the City. Seller can provide the buyer with plans, if needed. Do not disturb Tenants! Call today before this one is gone!--
Exterior Features

Foundation Details Raised Lot Features Back YardLawnLandscapedStreet LevelYard Number Of Separate Electric Meters 2 Open Parking Spaces 2 Other Structures Guest HouseTwo On A Lot Parking Features Door-MultiDrivewayGarageGarage Faces RearOne Space Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes View City Lights View YN Yes

Interior Features

Appliances DishwasherGas RangeRefrigeratorWater HeaterDryerWasher Common Walls 1 Common Wall Cooling ElectricGasWall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Heating High EfficiencyNatural Gas Heating YN Yes Interior Features Granite Counters

Property Features

Additional Parcels YN No Common Interest None Community Features Street Lights Electric 220 Volts in GarageStandard Garage YN Yes Gross Income 52080 Gross Scheduled Income 71280 Insurance Expense 1000 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer HookupInsideIn GarageIn Kitchen Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFhaVa Loan Net Operating Income 62718 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 8562 Property Condition Building PermitUpdated/RemodeledTurnkey Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 4340 Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1800 Water Source Public Zoning Torr-Lm

Listing provided courtesy of Benjie Devera of Philosophy International Realt


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T00:26:59.983. 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 Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344