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22617 Meyler Street

Torrance, CA 90502
  • $2,500,000
  • STATUS: ACTIVE
  • ON SITE: 53 Days
  • ID#: SB23185183
UPDATED: 41 min ago
$2,500,000
  • 5
    BEDS
  • 0.77
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Five houses and a duplex on an gigantic lot in a nice area of the Unicorporated County Post Office. Three 2 car garages. The duplex is built over 4 one car garages. Additional parking for up to 20 other cars. Convert garages or build four to six Assessory Dwelling Units (ADU's). Rents are extremely low and property has deffered maintainence. Current rents have a 100% upside. County area is subect to State of California Rent Control SB1492. Both properties have long driveways. Common sewer line down center of property. Four separate parcels being sold as one property. Fantastic opportunity to add additional units or redevelop. Buyer is advised to check with BOTH the County of Los Angeles and the State of California regarding redevelopment. Five houses and a duplex on an gigantic lot in a nice area of the Unicorporated County Post Office. Three 2 car garages. The duplex is built over 4 one car garages. Additional parking for up to 20 other cars. Convert garages or build four to six Assessory Dwelling Units (ADU's). Rents are extremely low and property has deffered maintainence. Current rents have a 100% upside. County area is subect to State of California Rent Control SB1492. Both properties have long driveways. Common sewer line down center of property. Four separate parcels being sold as one property. Fantastic opportunity to add additional units or redevelop. Buyer is advised to check with BOTH the County of Los Angeles and the State of California regarding redevelopment.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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22617 Meyler Street Torrance, CA 90502

  • Price: $2,500,000
  • Status: ACTIVE
  • On Site: 53 Days
  • Updated: 41 min ago
  • ID#: SB23185183
5
Beds
0
Baths
0
½ Baths
0.77
Acres
Neighborhood:
Torrance (90502)
County:
Los Angeles
Area:
Torrance (90502)
Property Description
Five houses and a duplex on an gigantic lot in a nice area of the Unicorporated County Post Office. Three 2 car garages. The duplex is built over 4 one car garages. Additional parking for up to 20 other cars. Convert garages or build four to six Assessory Dwelling Units (ADU's). Rents are extremely low and property has deffered maintainence. Current rents have a 100% upside. County area is subect to State of California Rent Control SB1492. Both properties have long driveways. Common sewer line down center of property. Four separate parcels being sold as one property. Fantastic opportunity to add additional units or redevelop. Buyer is advised to check with BOTH the County of Los Angeles and the State of California regarding redevelopment. Five houses and a duplex on an gigantic lot in a nice area of the Unicorporated County Post Office. Three 2 car garages. The duplex is built over 4 one car garages. Additional parking for up to 20 other cars. Convert garages or build four to six Assessory Dwelling Units (ADU's). Rents are extremely low and property has deffered maintainence. Current rents have a 100% upside. County area is subect to State of California Rent Control SB1492. Both properties have long driveways. Common sewer line down center of property. Four separate parcels being sold as one property. Fantastic opportunity to add additional units or redevelop. Buyer is advised to check with BOTH the County of Los Angeles and the State of California regarding redevelopment.
Exterior Features

Pool N/K Site CurbsSidewalks

Interior Features

Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Actual Cap Rate 3.49 Annual Expense Actual 41093 Buildings 9 Cfd Mello Roos Fee 756.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 128400 Monthly Total Fees 63 Sewer Septic Sewer Connected Tenant Pays ElectricityGas/Propane Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1625.0 Unit2 Rent Actual 1650.0 Unit3 Rent Actual 1125.0 Unit4 Rent Actual 1050.0 Zoning Estimated

San Diego MLS logo Listing provided courtesy of John Fields of Bonanza Realty: 310-617-5850. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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