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16112 Van Ness Ave

Torrance, CA 90504
  • $2,795,000
  • STATUS: Pending
  • ON SITE: 17 Days
  • MLS #: 22-155479
Pending
UPDATED: 64 min ago
$2,795,000
  • 15
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,660
    SQFT
  • $365
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

16112 Van Ness Avenue is a well-maintained, 9+1 unit apartment building comprised of four (4) 1 bed/1 bath, five (5) 2 bed/1 bath, and one (1) non-conforming bachelor's unit. Unit 6 (2+1) is currently vacant, all tenants are current and paid in full. Over 20% rent upside. Seller has taken great care of property; copper plumbing throughout, a new security gate and fence was installed in 2018, a new roof was installed in 2015. Seven of the units have been updated with new kitchen cabinets, granite countertops, bathtubs and flooring during current ownership. Ten dedicated parking spots in the rear of the building. Great opportunity to hedge against inflation and own in a strong rental market. Contact LA1 for Offering Memorandum.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T07:42:43.797. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/128583716
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16112 Van Ness Ave Torrance, CA 90504

  • Price: $2,795,000
  • Status: Pending
  • On Site: 17 Days
  • Updated: 64 min ago
  • MLS #: 22-155479
15
Beds
0
Baths
0
½ Baths
0.21
Acres
7,660
SQFT
$365
$/SQFT
1957
Built
Neighborhood:
North Torrance East
County:
Los Angeles
Area:
North Torrance East
Property Description
16112 Van Ness Avenue is a well-maintained, 9+1 unit apartment building comprised of four (4) 1 bed/1 bath, five (5) 2 bed/1 bath, and one (1) non-conforming bachelor's unit. Unit 6 (2+1) is currently vacant, all tenants are current and paid in full. Over 20% rent upside. Seller has taken great care of property; copper plumbing throughout, a new security gate and fence was installed in 2018, a new roof was installed in 2015. Seven of the units have been updated with new kitchen cabinets, granite countertops, bathtubs and flooring during current ownership. Ten dedicated parking spots in the rear of the building. Great opportunity to hedge against inflation and own in a strong rental market. Contact LA1 for Offering Memorandum.
Exterior Features

Lot Size Area 8957 Other Structures None Parking Garage Side By SideUncoveredParking Space Total Parking 10

Interior Features

Baths Total 10.00 Cooling None Equipment Ceiling FanVented Exhaust FanRange/Oven Heating Wall

Property Features

Assessed Total Value 1799071 Gross Income 173436 Gross Operating Income 170633 Like Units1 4 Like Units2 5 Like Units3 1 Net Operating Income 106276.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 64357 Type Of Units 1 Bed And 2 Year Built Source Vendor Enhanced Zoning Torr-Mh

Listing provided courtesy of Daniel Shieh DRE#01978847 of Lyon Stahl Investment Real Estate, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T07:42:43.797. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210