Active
17302 Ermanita Avenue
Torrance CA, 90504
$7,995,000
$683.63 per sqft
Active
11,695 sqft
Multi-family
Built in 1962
Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc. 310-425-9838
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 $46K/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 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. IO Until March 2025, Fixed Rate until Feb 2033
SB23210297
MLSⓇ ID
November 14, 2023
Listed
November 30, 2023
Updated
Map
17302 Ermanita Avenue
Torrance CA, 90504
Interior Features
Total Stories
1
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.69 acres
Lot Features
16-20 Units/Acre
Sewer
Public Sewer
Other Property Details
Days on Market
16
Association Amenities
Biking
Garage
No
Parking
Attached Carport
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
11/29/2023 | Price Change | $7,995,000 -3% |
11/21/2023 | Price Change | $8,175,000 -6% |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/30/2023. 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.
©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 11/30/2023 at 7:52 PM UTC