1533 West 224th Street

Torrance, CA 90501

$1,750,000
Price
8
Beds
9
Baths
4,586 Sq. Ft.
$382 / Sq. Ft.
4,586
Sq. Ft.
$382
per Sq. Ft.

Description

1533 W 224th St is a 6-unit Apartment Building constructed in 1986. Nestled in the vibrant neighborhood of Torrance, CA, this charming property offers residents a blend of modern comfort and urban convenience. The property provides an investor the opportunity to significantly improve the rents to be in line with the current rental market. This property is perfect for an investor looking for a value-added opportunity located in a growing rental market. Boasting a strategic location just minutes from...1533 W 224th St is a 6-unit Apartment Building constructed in 1986. Nestled in the vibrant neighborhood of Torrance, CA, this charming property offers residents a blend of modern comfort and urban convenience. The property provides an investor the opportunity to significantly improve the rents to be in line with the current rental market. This property is perfect for an investor looking for a value-added opportunity located in a growing rental market. Boasting a strategic location just minutes from the Pacific Ocean, this property taps into Torrance's allure as a hub of economic activity and coastal living, offering investors a gateway to the thriving South Bay region of Los Angeles County. Investors at 1533 W 224th St benefit from the city's diverse business landscape and strong job market, positioning this property as a lucrative asset in any portfolio. Additionally, the property enjoys easy access to several major highways, including Interstate 405 (I-405), Interstate 110 (I-110), and State Route 1 (SR-1), providing convenient routes for commuters traveling throughout the Greater Los Angeles area. With its desirable location, modern amenities, and proximity to parks, beaches, and major highways, 1533 W 224th St presents an exceptional opportunity for those seeking to blend stability with growth potential.
  1. Listed by Taylor Avakian • DRE #02060040 • Brokerage DRE #02060040 • TAYVAY Corporation

Property Details for 1533 West 224th Street

Zoning
LARD2
Parcel Number
7347002029
Total Units
6.0
Living Area
4586
Source Living Area
Vendor Enhanced
Area
Harbor Gateway (122)
Vacancy Rate
1 Studio
Lot Size Area
7200

Location

Listing Courtesy of TAYVAY Corporation, Taylor Avakian, DRE #02060040
Add your commute
LISTING UPDATED: 03/29/2024 12:01 AM

Property Details for 1533 West 224th Street

StatusActive
MLS #24-371403
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.17 AC / 7,200 SF
CountyLos Angeles County

Location

Listing Courtesy of TAYVAY Corporation, Taylor Avakian, DRE #02060040
Add your commute

Building Information for 1533 West 224th Street

Stories2Residences-Year Built1986Building Size-Lot Size0.17 AC / 7,200 SF

Payment Calculator

$10,097 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$547

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1533 West 224th Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2+2,1+1, Stu
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $110,557
  • Net Operating Income: $67,527.16
  • Gross Income: $110,557
  • Gross Rent Multiplier: $15.04
  • Vacancy Allow Percent: 5.00%
  • Total Annual Expense: 43030.04
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1653
  • Lot Size Square Feet: 7200
  • Lot Size Dimensions: 40x180
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 10
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: Refrigerator, Range/Oven
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-21-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,738.00
  • Unit Actual Rent: $5,216.00
  • Unit Projected Rent: $8,850.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,441.00
  • Unit Actual Rent: $2,882.00
  • Unit Projected Rent: $4,900.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $234,460.00
  • Assessed Improvement Percent: 57.78
  • Assessed Land Value: $171,291.00
  • Assessed Land Percent: 42.22
  • Assessed Total Value: $405,751.00

Property History for 1533 West 224th 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 1533 West 224th Street

Taxable ValueLand$171,291Additions$234,460Total$405,751
Tax Record2023$6,559 ($547 / month)
Home Facts
Total Finished SqFt4,586 SqFtAbove Grade Finished SqFt4,586 SqFtStories1Lot Size7,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningLARD2CountyLOS ANGELESAPN7347-002-029

Schools near 1533 West 224th 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

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1533 West 224th Street is a multi-family home for sale in Torrance, CA 90501. This property was listed for sale on March 21, 2024 by TAYVAY Corporation, it's currently listed at $1,750,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Meyler Street Elementary School, William J. Johnston Community Day School and Nathaniel Narbonne Senior High School. 1533 West 224th Street is a 8-bed, 9-bath, 4,586 sqft multi-family home built in 1986.

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 TAYVAY Corporation, Taylor Avakian, DRE #02060040

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.