2144 West 182nd Street

Torrance, CA 90504

$2,690,000
Price
11
Beds
11
Baths
6,802 Sq. Ft.
$395 / Sq. Ft.
6,802
Sq. Ft.
$395
per Sq. Ft.

Description

Discover this highly desirable 7-unit building located in the heart of North Torrance. Boasting an optimal mix of four 2-bedroom units and three 1-bedroom units, all currently leased, this property promises immediate income generation. Recent exterior painting and refurbished staircase railings and back patio areas have enhanced tenant satisfaction, reflecting a commitment to property upkeep and tenant comfort. Unit includes a mix of spacious 2-bed/2-bath units, including one with a fireplace and...Discover this highly desirable 7-unit building located in the heart of North Torrance. Boasting an optimal mix of four 2-bedroom units and three 1-bedroom units, all currently leased, this property promises immediate income generation. Recent exterior painting and refurbished staircase railings and back patio areas have enhanced tenant satisfaction, reflecting a commitment to property upkeep and tenant comfort. Unit includes a mix of spacious 2-bed/2-bath units, including one with a fireplace and another upgraded to feature engineered flooring, potentially convertible into a 3-bedroom layout. Additionally, there are three large 1-bed/1-bath units on the second floor. Well-maintained with over 6,800 Sqft of living space, featuring five garage spaces and two covered carports. Situated on a corner lot at the intersection of 182nd St and Van Ness Ave, the property enjoys proximity to essential amenities such as the Nijiya Japanese market, transportation hubs, shopping centers, schools, and places of worship. Convenient access to major freeways including the 405 and 110, ensuring ease of commute for tenants. With a history of consistent occupancy and a strong rental demand evidenced by all units almost always rented, this property presents a compelling investment opportunity in a sought-after location. Don't miss out on this rare investment opportunity!
  1. Listed by Hiroko Nishikawa Naumann • DRE #01848521 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES

Property Details for 2144 West 182nd Street

Water Front
None
Zoning
TORR-MD
Style
Low Rise
Cross Streets
182nd Street and Van Ness Ave
Parcel Number
4096024005
Total Units
7.0
Living Area
6802
Source Living Area
Assessor
LISTING UPDATED: 10/11/2024 02:00 PM

Property Details for 2144 West 182nd Street

StatusActive
MLS #24-409715
Days on Market99
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.18 AC / 7,953 SF
CountyLos Angeles County

Building Information for 2144 West 182nd Street

Stories2Residences-Year Built1963Building Size-Lot Size0.18 AC / 7,953 SF

Property Information for 2144 West 182nd Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 7
  • Pets Allowed: Assoc Pet Rules
  • Senior Community: No
  • Management Company Name: Beach Front Property Management
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Low rise
  • View: Yes
  • View Description: Green Belt, Walk Street, Tree Top
  • View: Park/Greenbelt
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: North
  • Water: In Street, Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Pet Restrictions
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $187,008
  • Net Operating Income: $111,603.00
  • Gross Income: $187,008
  • Cap Rate: 3.79%
  • Gross Rent Multiplier: $14.32
  • Actual Annual Gross Rent: $174,708.00
  • Other Income1: $10,430.00
  • Garage Income: $280
  • Laundry Income: $90
  • Financial Info as Of: 10/01/2024
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Gardener
  • Total Annual Expense: 85148.68
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1826
  • Lot Size Square Feet: 7953
  • Lot Features: Lawn
  • Lot Description: Lawn, Alley Paved, Walk Street, Gutters
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Carport Attached, Covered Parking
  • Total Parking: 7
  • Covered Parking: 5
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 5
  • Carport Spaces Total: 2
  • Parking Features: Attached Carport, Covered
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Cooling Type: None
  • Heating: Electric
  • Heating Type: Electric
  • Flooring: Carpet, Engineered Hardwood
  • Equipment: Ceiling Fan, Range/Oven, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Tile Counters
  • Kitchen Features: Tile Counters
  • Room Bathroom Features: Shower in Tub
  • Bathroom Features: Shower and Tub
  • Common Walls: Attached
  • Cooking Appliances: Cooktop - Electric, Oven-Electric
  • Laundry: Community, Laundry Area, Room
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat
  • Sprinklers: Sprinkler System
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 07-23-2024
  • Tenant Pays: Electricity, Cable TV, Water, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,167.00
  • Unit Actual Rent: $2,167.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,167.00
  • Unit Actual Rent: $2,167.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,835.00
  • Unit Actual Rent: $1,835.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,895.00
  • Unit Actual Rent: $1,895.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,200.00
  • Unit Actual Rent: $2,200.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $650,980.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $976,474.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $1,627,454.00
  • Private Transfer Taxes: No

Property History for 2144 West 182nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2144 West 182nd Street

This home is within Torrance Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Arlington Elementary School
PublicK to 5

Casimir Middle School
Public6 to 8

North 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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2144 West 182nd Street is a multi-family home for sale in Torrance, CA 90504. This property was listed for sale on July 23, 2024 by RE/MAX ESTATE PROPERTIES, it's currently listed at $2,690,000. It has been on the market for a total of 99 days and was last sold on September 15, 2012. This listing's school district is Torrance Unified School District. Nearby schools include Arlington Elementary School, Casimir Middle School and North High School. 2144 West 182nd Street is a 11-bed, 11-bath, 6,802 sqft multi-family home built in 1963.

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 RE/MAX ESTATE PROPERTIES, Hiroko Nishikawa Naumann, DRE #01848521

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.