1016-1018 Portola Avenue

Torrance, CA 90501

$1,150,000
Last Sold Price
4
Beds
3
Baths
2,069 Sq. Ft.
$556 / Sq. Ft.
2,069
Sq. Ft.
$556
per Sq. Ft.

Description

Beautiful Duplex investment opportunity in the heart of Old Torrance! Two Units with their own laundry hookups and their own two car garages plus extra parking spaces. The Front unit is available. It is 732 Square feet. The Back Unit is currently rented on a month to month basis. It is 1337 square feet.Beautiful Duplex investment opportunity in the heart of Old Torrance! Two Units with their own laundry hookups and their own two car garages plus extra parking spaces. The Front unit is available. It is 732 Square feet. The Back Unit is currently rented on a month to month basis. It is 1337 square feet.
  1. Listed by Emad Halaby • DRE #01944476 • Brokerage DRE #01428774 • Keller Williams Realty-Studio City
  2. Listed by Matthew Bissell • DRE #02077447 • Brokerage DRE #01428774 • Keller Williams Realty-Studio City

Property Details for 1016-1018 Portola Avenue

Parking Spaces Total
4
Private Pool
No
Cooling Type
None
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2069
Assessor Parcel Number
7354-016-039

Location

Listing Courtesy of Keller Williams Realty-Studio City, Emad Halaby, DRE #01944476; Keller Williams Realty-Studio City, Matthew Bissell, DRE #02077447

Sold By RE/MAX ESTATE PROPERTIES, Charles Fisher, DRE #01731424

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LISTING UPDATED: 12/03/2021 08:36 AM

Property Details for 1016-1018 Portola Avenue

StatusClosed
MLS #SR21226216
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.11 AC / 4,662 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty-Studio City, Emad Halaby, DRE #01944476; Keller Williams Realty-Studio City, Matthew Bissell, DRE #02077447

Sold By RE/MAX ESTATE PROPERTIES, Charles Fisher, DRE #01731424

Add your commute

Building Information for 1016-1018 Portola Avenue

Stories1Residences-Year Built1920Building Size-Lot Size0.11 AC / 4,662 SF

Payment Calculator

$6,276 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,276

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1016-1018 Portola Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $26,400
  • Gross Scheduled Income: $50,400
  • Net Operating Income: $40,187
  • Financing: Conventional
Expense Details
  • Operating Expense: $10,213
  • New Taxes Expense: $7,920
  • Insurance Expense: $988
  • Trash Expense: $430
  • Water Sewer Expense: $875
  • Total Expenses: $10,213
Tax / Assessment Info
  • Tax Block: 68
  • Tax Tract Number: Torr
  • Tax Census Tract: 6509.01
  • Tax Lot: 19
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
  • Cooling: None
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Sewer: Public Sewer
  • 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: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1016-1018 Portola Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1016-1018 Portola Avenue

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
Fern Elementary School
PublicK to 5

Madrona 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.

Similar Homes

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Similar Sold Homes

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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty-Studio City, Emad Halaby, DRE #01944476; Keller Williams Realty-Studio City, Matthew Bissell, DRE #02077447

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.