1645 Beech Avenue

Torrance, CA 90501

$2,725,000
Last Sold Price
10
Beds
7
Baths
5,840 Sq. Ft.
$467 / Sq. Ft.
5,840
Sq. Ft.
$467
per Sq. Ft.

Description

Highly Desirable Old Town Torrance Location | No Local Rent Control Defaults to AB 1482 | Great Unit Mix of (One) 3-Bedroom/2-Bathroom Unit, (Three) 2-Bedroom/1-Bathroom Units & (Two) 1-Bedroom/1-Bathroom Units | All-Electric BuildingLess Than 4 Miles from the Beach & Redondo Beach Pier | 3.83% Current Cap Rate & 17.23 Current GRM | Approximately 19% in Rental Upside - 4.88% Pro-Forma Cap Rate & 14.52 Pro-Forma GRM | Front House with Newer Vinyl Plank Floors (2021) and Remodeled Kitchen & Bathrooms...Highly Desirable Old Town Torrance Location | No Local Rent Control Defaults to AB 1482 | Great Unit Mix of (One) 3-Bedroom/2-Bathroom Unit, (Three) 2-Bedroom/1-Bathroom Units & (Two) 1-Bedroom/1-Bathroom Units | All-Electric BuildingLess Than 4 Miles from the Beach & Redondo Beach Pier | 3.83% Current Cap Rate & 17.23 Current GRM | Approximately 19% in Rental Upside - 4.88% Pro-Forma Cap Rate & 14.52 Pro-Forma GRM | Front House with Newer Vinyl Plank Floors (2021) and Remodeled Kitchen & Bathrooms (2016) | Unit #6 Contains Newer Carpet (2020), Vinyl Plank Floors in Kitchen (2021) & Water Heater (2020) | On-Site Laundry Facility with Newer Washer & Dryer (2021) and Water Heater (2020) | Newer Upper Exterior Deck (2020), Six Garage Parking Spaces & Most Units Re-Piped with Copper Plumbing | Close Proximity to Del Amo Fashion Center, Village Del Amo & South Bay Galleria
  1. Listed by Jonathan Nikfarjam • DRE #01856803 • Brokerage DRE #01856803 • Shield CRE, Inc.

Property Details for 1645 Beech Avenue

Zoning
TORR-MD
Cross Streets
Beech Avenue & Carson Street
Parcel Number
7355013010
Total Units
6.0
Living Area
5840
Source Living Area
Estimated
Area
Old Torrance (134)
Vacancy Rate
0

Location

Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

Sold By Kape Property Management, Inc., Noam Srolovitz, DRE #02069623

Add your commute
LISTING UPDATED: 09/01/2022 04:34 PM

Property Details for 1645 Beech Avenue

StatusSold
MLS #22-170025
Days on Market30
Taxes$34,375 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.17 AC / 7,243 SF
CountyLos Angeles County

Location

Listing Courtesy of Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

Sold By Kape Property Management, Inc., Noam Srolovitz, DRE #02069623

Add your commute

Building Information for 1645 Beech Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.17 AC / 7,243 SF

Payment Calculator

$17,736 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,871

Property Taxes

$2,865

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1645 Beech Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Estimated
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 3, 2 & 1
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $154,777
  • Net Operating Income: $105,227.00
  • Gross Income: $159,564
  • Cap Rate: 3.83%
  • Gross Rent Multiplier: $17.23
  • Actual Annual Gross Rent: $159,564.00
  • Actual Rent Total: $159,564.00
  • Vacancy Allow Dollar: $4,786.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 49550
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1662
  • Lot Size Square Feet: 7243
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 6
  • Garage Spaces Total: 6
  • Parking Features: Garage
  • Garage Structures Total: 6.0
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 06-20-2022
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,250.00
  • Unit Actual Rent: $3,250.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,150.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $2,695.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,737.00
  • Unit Actual Rent: $1,737.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,050.00
  • Unit Actual Rent: $2,050.00
  • Unit Projected Rent: $2,695.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,791.00
  • Unit Actual Rent: $1,791.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,317.00
  • Unit Actual Rent: $2,317.00
  • Unit Projected Rent: $2,695.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Number of Electric Meters: 6
  • Number of Gas Meters: 6
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.25%
  • Assessed Improvement Value: $679,501.00
  • Assessed Improvement Percent: 41.38
  • Assessed Land Value: $962,630.00
  • Assessed Land Percent: 58.62
  • Assessed Total Value: $1,642,131.00

Property History for 1645 Beech Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1645 Beech Avenue

Taxable ValueLand$1,000,000Additions$1,725,000Total$2,725,000
Tax Record2023$31,868 ($2,656 / month)
Home Facts
Total Finished SqFt5,840 SqFtAbove Grade Finished SqFt5,840 SqFtLot Size7,243 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningTORR-MDCountyLOS ANGELESAPN7355-013-010

Schools near 1645 Beech 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 Shield CRE, Inc., Jonathan Nikfarjam, DRE #01856803

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.