1311 West 218th Street

Torrance, CA 90501

$1,550,000
Last Sold Price
7
Beds
3
Baths
2,773 Sq. Ft.
$559 / Sq. Ft.
2,773
Sq. Ft.
$559
per Sq. Ft.

Description

PRIME DEVELOPMENT OPPORTUNITY - 1311 W 218th St, Torrance is a unique opportunity to own a 3-unit residential income property with its 18,001 square foot lot. a transit priority area. ADU bonus rules. This pride of ownership asset is located within walking distance to Harbor-UCLA Medical Center. Amazing investment property! Have cash flow while you get permits with existing 3 homes and a huge 4 car garage that is approximately 1500 square feet! The main home offers 3 bedrooms and 2 bathrooms and...PRIME DEVELOPMENT OPPORTUNITY - 1311 W 218th St, Torrance is a unique opportunity to own a 3-unit residential income property with its 18,001 square foot lot. a transit priority area. ADU bonus rules. This pride of ownership asset is located within walking distance to Harbor-UCLA Medical Center. Amazing investment property! Have cash flow while you get permits with existing 3 homes and a huge 4 car garage that is approximately 1500 square feet! The main home offers 3 bedrooms and 2 bathrooms and has been recently renovated. This home has an updated kitchen and bath as well as central heat/AC. All units have newer roofs, dual pane windows and wood floors. The back homes each offer 2 bedrooms and 1 bathroom and are very nicely equipped. The grounds of the homes offer a park-like setting as each home has its own grass/yard area allowing plenty of space to relax and unwind in the beautiful Southern California sun. The entire perimeter of the property is surrounded by a privacy wall and the front entry is gated, There is also plenty of additional parking on the premises. The property is just a block from Western Ave and W Carson Ave in Torrance. Located in City of Los Angeles - Torrance P. O. Easy access to 110, 405, 710 & 91 freeways. This is truly a once in a lifetime opportunity for an investor or a family looking to share a property.
  1. Listed by DeDe Hsu • DRE #01023899 • Brokerage DRE #01385864 • Keller Williams Palos Verdes • 310-722-9222

Property Details for 1311 West 218th Street

Parking Spaces Total
4
Private Pool
No
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2773
Assessor Parcel Number
7346-001-046
Property Attached YN
false

Location

Listing Courtesy of Keller Williams Palos Verdes, DeDe Hsu, DRE #01023899

Sold By eXp Realty of California Inc, Regina Hoffman, DRE #01905428

Add your commute
LISTING UPDATED: 11/16/2023 03:21 AM

Property Details for 1311 West 218th Street

StatusClosed
MLS #PV23058371
Days on Market165
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.41 AC / 18,001 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Palos Verdes, DeDe Hsu, DRE #01023899

Sold By eXp Realty of California Inc, Regina Hoffman, DRE #01905428

Add your commute

Building Information for 1311 West 218th Street

Stories-Residences-Year Built1959Building Size-Lot Size0.41 AC / 18,001 SF

Payment Calculator

$10,036 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$1,577

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1311 West 218th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $76,244
  • Gross Scheduled Income: $84,984
  • Net Operating Income: $76,244
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $8,740
  • Gardener Expense: $2,040
  • Electric Expense: $1,080
  • Insurance Expense: $1,920
  • Maintenance Expense: $1,300
  • Trash Expense: $0
  • Water Sewer Expense: $2,400
  • Total Expenses: $8,740
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 3308
  • Tax Census Tract: 2932.04
  • CFD/Mello-Roos Fee: $1,157
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Kitchen, Outside
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • 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: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,000
  • Unit Type Total Rent: $4,000
  • Unit Type Pro Forma: 4000
  • 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: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2200
  • 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: 0
  • Unit Type Actual Rent: $1,432
  • Unit Type Total Rent: $1,432
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 1311 West 218th 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 1311 West 218th Street

Taxable ValueLand$970,020Additions$510,000Total$1,480,020
Tax Record2023$18,922 ($1,577 / month)
Home Facts
Total Finished SqFt2,773 SqFtAbove Grade Finished SqFt2,773 SqFtLot Size18,001 SqFtStyleTriplexYear Built1959ZoningLAR2CountyLOS ANGELESAPN7346-001-046

Schools near 1311 West 218th 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
Halldale 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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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 Palos Verdes, DeDe Hsu, DRE #01023899

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.