2016 Plaza Del Amo

Torrance, CA 90501

$1,550,000
Last Sold Price
6
Beds
3
Baths
2,854 Sq. Ft.
$543 / Sq. Ft.
2,854
Sq. Ft.
$543
per Sq. Ft.

Closed 12/24/24

Closed 12/24/24

an aerial view of a house with swimming pool garden and patio
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a living room with furniture and a window
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a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
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a bathroom with a sink toilet and mirror
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a living room with furniture and a wooden floor
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a view of empty room with wooden floor
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Description

Rare opportunity to acquire a corner-lot fourplex in Old Torrance that is insulated from traffic yet central to everything South Bay. Spanning 2,854 sf across a 6,496 sf lot and comprised of two single level and spacious 2-bed 1-bath units, together with two additional 1-bed 1-bath units situated atop four single car garages and balanced perfectly around a central yard, this building makes sense for owner occupants and investors alike. Both of the 2-bed units feel like single family living and will...Rare opportunity to acquire a corner-lot fourplex in Old Torrance that is insulated from traffic yet central to everything South Bay. Spanning 2,854 sf across a 6,496 sf lot and comprised of two single level and spacious 2-bed 1-bath units, together with two additional 1-bed 1-bath units situated atop four single car garages and balanced perfectly around a central yard, this building makes sense for owner occupants and investors alike. Both of the 2-bed units feel like single family living and will be delivered vacant, presenting an ideal setup for an owner-user looking to occupy one or more units while subsidizing the mortgage with additional rents. This property is ideally situated nearby schools (Torrance Elementary and Torrance High School), parks, and shopping, as well as easily accessible from Southern California employment hubs, such that rental demand will remain stable for the foreseeable future. There is no local rent control here (on information and belief only CA AB1482 applies, but buyer to verify) and gas and electric are separately metered. There are also several avenues to add value, such as repositioning the leases on the 1-bedroom units, converting owner’s storage space (laundry hookups present!) to community laundry facility for additional stream of income, and potentially converting the garages to ADUs to maximize return. Just 1.5 miles to the Torrance Crossroads, 2.5 miles to Del Amo Shopping Center, just 4 miles to Torrance Beach, and 5 miles to King Harbor, the property also provides easy access to and from the whole of Southern Bay via nearby Western, Sepulveda, and Torrance Blvd corridors, as well as the rest of Southern California via nearby 110 freeway.
  1. Listed by Mark Ehlers • DRE #01955008 • Brokerage DRE #01955008 • Imperial Real Estate • mark@imperialrealestate.com

Property Details for 2016 Plaza Del Amo

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2854
Assessor Parcel Number
7357-005-012
Property Attached YN
true
LISTING UPDATED: 12/28/2024 09:15 PM

Property Details for 2016 Plaza Del Amo

StatusClosed
MLS #SB24192830
Days on Market60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.15 AC / 6,496 SF
CountyLos Angeles County

Building Information for 2016 Plaza Del Amo

Stories2Residences-Year Built1959Building Size-Lot Size0.15 AC / 6,496 SF

Property Information for 2016 Plaza Del Amo

Income / Expense / Tax Details
Income Details
  • Gross Income: $79,200
  • Gross Scheduled Income: $79,200
  • Net Operating Income: $45,864
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $33,336
  • New Taxes Expense: $21,875
  • Gardener Expense: $760
  • Fuel Expense: $618
  • Pest Control Expense: $618
  • Electric Expense: $0
  • Insurance Expense: $2,500
  • Maintenance Expense: $4,500
  • Trash Expense: $745
  • Water Sewer Expense: $1,720
  • Total Expenses: $33,336
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 3758
  • Tax Census Tract: 6509.03
  • CFD/Mello-Roos Fee: $839
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, Corner Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • 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: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2650
  • 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: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $650
  • Unit Type Total Rent: $650
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 2016 Plaza Del Amo

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2016 Plaza Del Amo

Taxable ValueLand$1,020,000Additions$484,500Total$1,504,500
Tax Record2024$17,540 ($1,462 / month)
Home Facts
Total Finished SqFt2,854 SqFtAbove Grade Finished SqFt2,854 SqFtLot Size6,498 SqFtStyleQuadraplexYear Built1959ZoningTORR-MDCountyLOS ANGELESAPN7357-005-012

Schools near 2016 Plaza Del Amo

This home is within Torrance Unified School District.
Rating
School
Type
Grades
Distance
Torrance Elementary School
Public - K to 5
J. H. Hull Middle School
Public - 6 to 8
Torrance High School
Public - 9 to 12
Gene Drevno Community Day School
Public - 7 to 12
Rating
School
Distance
Torrance Elementary School
PublicK to 5

J. H. Hull Middle School
Public6 to 8

Torrance High School
Public9 to 12

Gene Drevno Community Day School
Public7 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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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 Imperial Real Estate, Mark Ehlers, DRE #01955008

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.