1612 West 226th Street

Torrance, CA 90501

$1,800,000
Price
6
Beds
4
Baths
3,124 Sq. Ft.
$576 / Sq. Ft.
3,124
Sq. Ft.
$576
per Sq. Ft.

Description

Whether you're an owner occupier looking to live in a beautiful unit while having your mortgage paid by tenants or a savvy investor on the hunt for a high-quality, low maintenance property with value add opportunity, this property checks all the boxes. This fully renovated investment property included 4x (2) two bedrooms + (1) one bath units. Renovation includes newer electrical, newer roof, new main sewer line, fully remodeled units and more. Each home in each Fourplex has been fully renovated with...Whether you're an owner occupier looking to live in a beautiful unit while having your mortgage paid by tenants or a savvy investor on the hunt for a high-quality, low maintenance property with value add opportunity, this property checks all the boxes. This fully renovated investment property included 4x (2) two bedrooms + (1) one bath units. Renovation includes newer electrical, newer roof, new main sewer line, fully remodeled units and more. Each home in each Fourplex has been fully renovated with attention to the finest of details. The properties features a security system, 4 parking garages with 5 additional parking spaces, and on site laundry.
  1. Listed by Anthony Mangahis Labao • DRE #02008739 • Brokerage DRE #01891056 • Lou Edwards Financial • 562-219-6689
  2. Listed by LOU WU • DRE #02154371 • Brokerage DRE #01891056 • LOU EDWARDS FINANCIAL INC.

Property Details for 1612 West 226th Street

View
Neighborhood
Parking Spaces Total
9
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3124
LISTING UPDATED: 09/20/2024 01:30 PM

Property Details for 1612 West 226th Street

StatusActive
MLS #OC24192375
Days on Market154
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.17 AC / 7,202 SF
CountyLos Angeles County

Building Information for 1612 West 226th Street

Stories2Residences-Year Built1948Building Size-Lot Size0.17 AC / 7,202 SF

Property Information for 1612 West 226th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $10,855
  • Gross Scheduled Income: $136,860
  • Net Operating Income: $104,860
  • Number Of Rented Garages: 2
  • Garage Income: $250
  • Laundry Income: $400
  • Cap Rate: 5.83
Expense Details
  • Operating Expense: $32,000
  • New Taxes Expense: $22,500
  • Insurance Expense: $2,500
  • Trash Expense: $0
  • Water Sewer Expense: $7,000
  • Total Expenses: $32,000
Tax / Assessment Info
  • Tax Tract Number: 4529
  • Tax Census Tract: 2932.05
  • CFD/Mello-Roos Fee: $996
  • Tax Lot: 406
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator, Water Heater
  • Equipment: Community, Dishwasher, Laundry Area, Refrigerator, Room
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Vinyl
Exterior Features
  • Roof: Shingle
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Block
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Paved
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Electric: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Garage
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned, Concrete, Paved, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,605
  • Unit Type Total Rent: $2,605
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4

Property History for 1612 West 226th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1612 West 226th Street

Taxable ValueLand$918,000Additions$586,500Total$1,504,500
Tax Record2024$19,055 ($1,588 / month)
Home Facts
Total Finished SqFt3,124 SqFtAbove Grade Finished SqFt3,124 SqFtLot Size7,202 SqFtStyleQuadraplexYear Built1948ZoningLARD1.5CountyLOS ANGELESAPN7347-010-012

Schools near 1612 West 226th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Meyler Street Elementary School
PublicK to 5

Scholarship Prep - South Bay
CharterK to 8

Nathaniel Narbonne Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1612 West 226th Street is a multi-family home for sale in Torrance, CA 90501. This property was listed for sale on September 17, 2024 by Lou Edwards Financial, it's currently listed at $1,800,000. It has been on the market for a total of 154 days and was last sold on May 2, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Meyler Street Elementary School, Scholarship Prep - South Bay and Nathaniel Narbonne Senior High School. 1612 West 226th Street is a 6-bed, 4-bath, 3,124 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lou Edwards Financial, Anthony Mangahis Labao, DRE #02008739; LOU EDWARDS FINANCIAL INC., LOU WU, DRE #02154371

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.