1141 West Jay Street

Torrance, CA 90502

$750,000
Last Sold Price
4
Beds
2
Baths
1,524 Sq. Ft.
$492 / Sq. Ft.
1,524
Sq. Ft.
$492
per Sq. Ft.

Description

Great investment opportunity for someone looking to generate passive income! Torrance Duplex boasting two detached units. Consisting of a 2 bed/1 bath layout and separated by a nice block wall, the units have their own yards giving tenants privacy and their own exterior space. Each unit has its own gas (2 total) and electric meter (2 total). Fresh paint paint, new carpet, and lighting can be found in all units. The front unit presents a private front/back yard, new kitchen cabinets, a 1 car garage...Great investment opportunity for someone looking to generate passive income! Torrance Duplex boasting two detached units. Consisting of a 2 bed/1 bath layout and separated by a nice block wall, the units have their own yards giving tenants privacy and their own exterior space. Each unit has its own gas (2 total) and electric meter (2 total). Fresh paint paint, new carpet, and lighting can be found in all units. The front unit presents a private front/back yard, new kitchen cabinets, a 1 car garage complete with washer and electric dryer hookups. A roomy driveway, large front yard, and bonus area equipped with washer and electric dryer hookups are showcased in the back unit. Because the owner is only responsible for water, home insurance, and standard maintenance, the cash flow potential is very promising with market rent rates showing $2,500-$2,800/month earning potential. With some TLC, these units can definitely be leased at market rent! Conveniently located near the 110 FWY, UCLA Medical Center, The Links at Victoria Golf Course, Los Angeles Harbor College, and Ken Malloy Harbor Regional Park.
  1. Listed by Elizabeth Do • DRE #01473012 • Brokerage DRE #01932401 • Keller Williams Realty

Property Details for 1141 West Jay Street

Parking Spaces Total
1
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1524
Assessor Parcel Number
7344-009-021
Property Attached YN
false

Location

Listing Courtesy of Keller Williams Realty, Elizabeth Do, DRE #01473012

Sold By Lyon Stahl Investment Real Estate, Inc., Austin Zahn, DRE #01936451

Add your commute
LISTING UPDATED: 10/31/2022 04:40 AM

Property Details for 1141 West Jay Street

StatusClosed
MLS #OC22205448
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.16 AC / 6,800 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty, Elizabeth Do, DRE #01473012

Sold By Lyon Stahl Investment Real Estate, Inc., Austin Zahn, DRE #01936451

Add your commute

Building Information for 1141 West Jay Street

Stories-Residences-Year Built1954Building Size-Lot Size0.16 AC / 6,800 SF

Payment Calculator

$4,908 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$815

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1141 West Jay Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $45,600
  • Net Operating Income: $44,208
  • Financing: Cash
Expense Details
  • Operating Expense: $1,392
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $1,392
  • Total Expenses: $1,392
Tax / Assessment Info
  • Tax Tract Number: 3239
  • Tax Census Tract: 5435.03
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 23
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, In Garage, Inside, Washer Hookup
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking Garage Spaces: 1
  • 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: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2800
  • 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: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • 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 1141 West Jay 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 1141 West Jay Street

Taxable ValueLand$650,000Additions$100,000Total$750,000
Tax Record2023$9,776 ($815 / month)
Home Facts
Total Finished SqFt1,524 SqFtAbove Grade Finished SqFt1,524 SqFtLot Size6,800 SqFtStyleDuplexYear Built1954ZoningLCA1*CountyLOS ANGELESAPN7344-009-021

Schools near 1141 West Jay Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Meyler Street Elementary School
PublicK to 5

Nathaniel Narbonne Senior High School
Public9 to 12

Eagle Tree Continuation 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.

Similar 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, Elizabeth Do, DRE #01473012

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.