1612 West 218th Street

Torrance, CA 90501

$1,100,000
Last Sold Price
7
Beds
5
Baths
3,111 Sq. Ft.
$354 / Sq. Ft.
3,111
Sq. Ft.
$354
per Sq. Ft.

Description

Well kept Fourplex in one of nicest parts of the Torrance Post Office. Good mix on the units with great off street parking. Each unit has a one car garage and there is a fifth one car garage that can be storage for the new owner or rented out (Three one car garages are side by side and may have ADU possibility). Also there is one uncovered parking space assigned to each unit. Front two units have direct access to their garages and laundry facilities in their garages (Units A & B). Front unit is a...Well kept Fourplex in one of nicest parts of the Torrance Post Office. Good mix on the units with great off street parking. Each unit has a one car garage and there is a fifth one car garage that can be storage for the new owner or rented out (Three one car garages are side by side and may have ADU possibility). Also there is one uncovered parking space assigned to each unit. Front two units have direct access to their garages and laundry facilities in their garages (Units A & B). Front unit is a two bedroom, one bath. Second unit is a three bedroom, two bath. Two rear units above a three car garage and extra storage are both one bedroom, one bath. There are also three storage units on this property that have a sink and electric hookup for laundry room possibilities for the one bedroom apartments (Units C & D). Block wall fences on all three sides. Great bread and butter property or hold for future development. Convenient location. Walk to Downtown Torrance Business District, Public Transportation and Major Grocery and Home Improvement Shopping. Minutes from the Harbor and San Diego Freeways.
  1. Listed by John Fields • DRE #00993786 • Brokerage DRE #00612682 • Bonanza Realty

Property Details for 1612 West 218th Street

Parking Spaces Total
9
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3111
Assessor Parcel Number
7346-004-029

Location

Listing Courtesy of Bonanza Realty, John Fields, DRE #00993786

Sold By Superior Real Estate Group, Thomas Luong, DRE #01851108

Add your commute
LISTING UPDATED: 03/21/2023 09:56 AM

Property Details for 1612 West 218th Street

StatusClosed
MLS #SB22228927
Days on Market95
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.21 AC / 9,001 SF
CountyLos Angeles County

Location

Listing Courtesy of Bonanza Realty, John Fields, DRE #00993786

Sold By Superior Real Estate Group, Thomas Luong, DRE #01851108

Add your commute

Building Information for 1612 West 218th Street

Stories-Residences-Year Built1963Building Size-Lot Size0.21 AC / 9,001 SF

Payment Calculator

$6,540 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$537

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1612 West 218th Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $75,240
  • Gross Scheduled Income: $75,240
  • Gross Spendable Income: $75,240
  • Gross Operating Income: $75,240
  • Net Operating Income: $49,734
  • Gross Multiplier: 15.66
  • Cap Rate: 4.21
  • Financing: Cash
Expense Details
  • Operating Expense: $25,506
  • New Taxes Expense: $14,688
  • Gardener Expense: $600
  • Fuel Expense: $0
  • Licenses Expense: $427
  • Electric Expense: $600
  • Insurance Expense: $1,604
  • Trash Expense: $4,824
  • Water Sewer Expense: $2,760
  • Total Expenses: $25,506
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 3404
  • Tax Census Tract: 2932.03
  • CFD/Mello-Roos Fee: $400
  • Tax Lot: 6
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Free-Standing Range, Disposal
  • Equipment: Garage
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Floor Furnace, Forced Air
  • Heating: Floor Furnace, Forced Air
  • Heat Equipment: Floor Furnace, Forced Air Unit
Exterior Features
  • Roof: Composition
  • Fence: Yes
  • Fencing: Block
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999, Rectangular Lot, Level, Near Public Transit
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned, Direct Entrance, Driveway
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Assigned, Direct Garage Access, Driveway, Concrete
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: $1,495
  • Unit Type Total Rent: $1,495
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,200
  • Unit Type Total Rent: $2,200
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $1,150
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,425
  • Unit Type Total Rent: $1,425
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Range: 4
  • Number With Disposal: 4

Property History for 1612 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 1612 West 218th Street

Taxable ValueLand$187,542Additions$259,691Total$447,233
Tax Record2023$6,443 ($537 / month)
Home Facts
Total Finished SqFt3,111 SqFtAbove Grade Finished SqFt3,111 SqFtLot Size9,001 SqFtStyleQuadraplexYear Built1963ZoningLAR3CountyLOS ANGELESAPN7346-004-029

Schools near 1612 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

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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Listing Courtesy of Bonanza Realty, John Fields, DRE #00993786

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.