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24454 Park ST Torrance, CA 90505
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Key Details
Sold Price $1,265,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,794 sqft
Price per Sqft $705
MLS Listing ID PW21130302
Sold Date 09/17/21
Bedrooms 4
Full Baths 2
Construction Status Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1924
Lot Size 7,605 Sqft
Acres 0.1746
Property Description
MUST-SEE! Finally the most desired property by both investors and homeowners HIT the market. This Move-In Ready property is on a PRIMARY LOCATION and CLOSE TO HIGHEST RANKING Walteria Elementary, Richardson Middle and South High School. This property, with one of the LARGEST LOT in this area, provides UNLIMITED GROWTH POTENTIAL to be sold at much HIGHER PRICE! We project each unit will pull approximately $3,000-$3,500 in monthly rent, making for a sky-high pro forma total cap rate over 6%. In addition to the existing structures, the preliminary plan can be provided 1) front unit: a 2-story with an additional 632 SF with the new garage and 2) second unit: a 2-story with a 474 SF addition. We project 2 new construction would add an approximate total of $7000 a month in income to the property and over $2,000,000 in value! Nearby property with smaller lot has been recently sold for $1,400,000! Also great for Airbnb business. One unit is already occupied by tenant. Duplex is two different units, each unit with 2beds and 1bath. The front unit, 768 sqft, is FULLY remodeled with Contemporary style in 2021. The second unit, 1026 sqft, is a Ranch style with cozy design, and is currently tenant occupied. New Gas Pipe has been completely replaced in June 2021. PROPERTY IS TO BE SOLD AS-IS.
Location
State CA
County Los Angeles
Area 125 - Walteria
Zoning TORR-LM
Rooms
Other Rooms Shed(s)
Main Level Bedrooms 2
Ensuite Laundry Washer Hookup, In Garage, Laundry Room
Interior
Interior Features Granite Counters, Recessed Lighting, Wood Product Walls
Laundry Location Washer Hookup,In Garage,Laundry Room
Heating Fireplace(s), Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
Laundry Washer Hookup, In Garage, Laundry Room
Exterior
Garage Driveway, Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Porch Front Porch
Parking Type Driveway, Garage
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Lot Description Back Yard, Front Yard, Yard
Story One
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories One
Additional Building Shed(s)
New Construction No
Construction Status Updated/Remodeled,Turnkey
Schools
Elementary Schools Walteria
Middle Schools Edwards
High Schools South
School District Torrance Unified
Others
Senior Community No
Tax ID 7534018010
Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Wayne Dolan • The Realestate Group
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