17302 Ermanita Avenue, Torrance, CA 90504
  • MLS#: SB25152883 ( Commercial/Residential )
  • Street Address: 17302 Ermanita Avenue
  • Viewed: 1
  • Price: $8,600,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: LOS ANGELES
  • City: Torrance
  • Zipcode: 90504
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Brett Brett
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    17302 Ermanita Ave is a turnkey 17 Unit situated in a prime pocket of NW Torrance. The property consists of (1) 2 bed/2 bath unit, (5) 2 Bed/1 Bath, (7) 1 Bed/1 Bath, and (4) Studio Units with a strong in place income of over $47K/Mo. The 11,695 SF building sits on a massive 29,992 SF lot and features a BBQ & fire pit area for tenants to enjoy on top of the pristine quality of the units that are fully equipped with a washer, dryer and AC. The whole building is newly renovated and recent capital improvements to the exterior include: New Roof, Windows, Front Doors & Wood Siding, Improved Landscaping, New Exterior Paint, Copper Plumbing, New Electrical & Drain Lines. The interior is dressed with top of the line renovations including: New Cabinets, Carrara Style Quartz Countertops, Smooth Interior Ceilings, Wood Laminate Flooring, Stainless Steel Appliances, Recessed Lighting, New Bathroom Tile & Interior doors. The property is strategically located on a quiet street in Northwest Torrance in close proximity to Alondra Park Golf Course, El Camino College, and the South Bay Galleria. With its sizable living space, desirable location, and impressive income, this property is a great opportunity for any investor looking for a cash flowing prize asset. *Available with Assumable Financing @ 5.25% interest Rate. $3.9M of the Loan is Assumable Subject to Buyer Qualification. Fixed Rate until Feb 2033
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Features
Building Area Total
  1. 11695.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1200.00
Insurance Expense
  1. 936.00
Laundry Features
  1. Common Area
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 386997.00
Newtaxesexpense
  1. 99174.00
Number Of Separate Electric Meters
  1. 17
Number Of Separate Gas Meters
  1. 17
Otherexpense
  1. 10200.00
Otherexpensedescription
  1. Utility
Parcel Number
  1. 4092031008
Pool Features
  1. None
Postalcodeplus4
  1. 2565
Professionalmanagementexpense
  1. 28479.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 442547812:CRM
Totalexpenses
  1. 165496.00
Trash Expense
  1. 0.00
Vacancyallowance
  1. 17087
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1962
Year Built Source
  1. Assessor
Zoning
  1. TORR-MH