20414 Kenwood Avenue

    Torrance, CA 90502
    • $1,050,000
    • STATUS: Active Under Contract
    • ON SITE: 61 days
    • ID#: SB19171941
    Under Contract
    UPDATED: 140 min ago
    $1,050,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,889
      SQFT
    • $556
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    A fantastic opportunity awaits at 201414 Kenwood Avenue. This 5-unit residential income property is nestled in a quiet neighborhood surrounded by single-family residences. All units have been remodeled/updated within the last 3 years and with the potential to add or expand existing units, there is an immeasurable potential. The unit mix consists of (1) large 3 bedrooms, 1 bathroom home; (1) 1 bedroom, 1 bathroom unit; and (3) separate studio units. Two units have laundry hook-ups. With nearby Alpine Village, easy access to major freeways, restaurants/shopping, and public transportation this property is the perfect investment. Do not miss this opportunity! PLEASE DO NOT DISTURB TENANTS.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T00:39:49.937. 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 Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/97084781

    20414 Kenwood Avenue Torrance, CA 90502

    • Price: $1,050,000
    • Status: Active Under Contract
    • Updated: 140 min ago
    • ID#: SB19171941
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1,889
    SQFT
    $556
    $/SQFT
    1925
    Built
    Neighborhood:
    123 - County Strip
    County:
    Los Angeles
    Area:
    123 - County Strip
    Property Description
    A fantastic opportunity awaits at 201414 Kenwood Avenue. This 5-unit residential income property is nestled in a quiet neighborhood surrounded by single-family residences. All units have been remodeled/updated within the last 3 years and with the potential to add or expand existing units, there is an immeasurable potential. The unit mix consists of (1) large 3 bedrooms, 1 bathroom home; (1) 1 bedroom, 1 bathroom unit; and (3) separate studio units. Two units have laundry hook-ups. With nearby Alpine Village, easy access to major freeways, restaurants/shopping, and public transportation this property is the perfect investment. Do not miss this opportunity! PLEASE DO NOT DISTURB TENANTS.
    Exterior Features

    Fence YN Yes Fencing Chain Link Garage Spaces 0.00 Lot Features 2-5 Units/AcreCorner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    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 2+ Common Walls Cooling None Cooling YN No Laundry Features See Remarks Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.82 Community Features CurbsSidewalksStreet LightsSuburban Country Us Electric Expense 1800.00 Elevation Units Feet Exclusions Tenant's Personal Property. Fuel Expense 1600.00 Garage Income 0.00 Garage Rental Rate 0.00 Gardener Expense 590.00 Gross Income 68400.00 Gross Multiplier 15.35 Gross Scheduled Income 68400.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 50610.00 New Construction YN No New Taxes Expense 10000.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 5 Operating Expense 17790.00 Professional Management Expense 0.00 Property Sub Type Commercial/Residential Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvTelephone Total Actual Rent 5700.00 Total Expenses 17790.00 Trash Expense 1000.00 Water Sewer Expense 1600.00 Water Source Public Year Built Source Assessor Zoning Lcr2*

    Listing provided courtesy of Robert Roberto of Douglas Elliman Of California, and Emily Wood of Douglas Elliman Of California,


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T00:39:49.937. 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 Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604