Sold

Closed

21007 Ladeene Avenue

Torrance CA, 90503

$1,950,000


$456.57 per sqft

Sold

Closed

4,271 sqft

Multi-family

Built in 1963

Listed by Edward Kaminsky with eXp Realty of California, Inc 310-427-2414

This prime fourplex investment opportunity in the heart of Torrance offers an exceptional chance for both seasoned and first-time investors. Located in the desirable West Torrance neighborhood, this well-maintained property is surrounded by top-rated schools, parks, shopping centers, and dining options, making it an attractive option for tenants.

The fourplex comprises four spacious units with a total of 4,271 square feet of living space. The units include a 3 bed, 2 bath; a 2 bed, 2 bath; a 2 bed, 1 bath; and a 1 bed, 1 bath, providing comfortable living spaces ideal for families, professionals, and individuals alike. The property sits on a generous 6,500 square foot lot, featuring a well-kept front yard and a private backyard area perfect for relaxation and outdoor activities. Each unit comes with assigned parking in attached garages. The 3-bedroom unit gets 2 spaces, while the other units each get 1 space, ensuring convenience and security for all residents.

Two of the units have been fully remodeled, and the roof on the back building was just replaced last week, showcasing the meticulous care provided by the current owner. On-site laundry facilities add to the convenience and appeal of the property.

Situated in a quiet, family-friendly neighborhood with easy access to major highways, public transportation, and the beautiful South Bay beaches, this property is ideally located. It is also zoned for the highly regarded Torrance Unified School District, known for its excellent educational opportunities. With stable rental income and high demand for rental properties in the area, this fourplex presents a solid income-generating investment.

Whether you're looking to expand your investment portfolio or secure a property with great rental potential, this fourplex is a fantastic choice. Experience the best of Torrance living with this versatile and profitable property. Schedule your private tour today and envision the possibilities this investment has to offer.

SB24147515

MLS ID

July 24, 2024

Listed

October 18, 2024

Updated

Map

21007 Ladeene Avenue
Torrance CA, 90503

Interior Features

Total Stories

2


Laundry Description

Common Area, Laundry Room, Outside


Floor Description

Carpet, Vinyl


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.14 Acres


Lot Features

0-1 Unit/Acre


Sewer

Public Sewer

Other Property Details

Area Name

131 - West Torrance


Days on Market

8


Garage

Yes


Garage Spaces

5


Parking

Assigned, Garage


Parking Total

5


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

TORR-MD

Listing History

Date

Event

Price

8/26/2024

Sold

$1,950,000

8/15/2024

Pending

8/3/2024

Under contract

Listing Contact: 310-798-1277 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/18/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/18/2024 at 12:57 PM UTC

 

Powered byLuxury Presence