1652 West 220th Street

Torrance, CA 90501

$1,199,000
Price
6
Beds
3
Baths
2,729 Sq. Ft.
$439 / Sq. Ft.
2,729
Sq. Ft.
$439
per Sq. Ft.

Description

Major price improvement! Fabulous income opportunity awaits! This charming duplex has been tastefully remodeled with all new high end finishes throughout and newly installed, well manicured landscaping. The front yard welcomes you with a beautiful green lawn and mature walnut tree surrounded by citrus trees. The front house showcases two bedrooms and one bath. The back house boasts four bedrooms and two baths: two bedrooms and one bath downstairs plus two sun-filled bedrooms and one bath upstairs....Major price improvement! Fabulous income opportunity awaits! This charming duplex has been tastefully remodeled with all new high end finishes throughout and newly installed, well manicured landscaping. The front yard welcomes you with a beautiful green lawn and mature walnut tree surrounded by citrus trees. The front house showcases two bedrooms and one bath. The back house boasts four bedrooms and two baths: two bedrooms and one bath downstairs plus two sun-filled bedrooms and one bath upstairs. The back house features an open floor plan with the potential to add an ADU or convert it to two units by simply adding a wall and kitchen. Both spacious units have modern floor plans flowing with plentiful natural light, and share easy access to the private laundry room and plenty of parking in the rear. Designer finishes include engineered hardwood flooring, quartz countertops, new stainless steel appliances, shaker style cabinets, bar seating, vinyl windows, and vinyl fencing surrounding the tranquil front yard. Additional upgrades include new electrical and wiring throughout, new pex piping, separate central HVAC systems for each unit, new paint, stucco, doors and hardware, two separate electric meters, and separate brand new tankless water heaters. Both units are vacant and move in ready. Don't miss out on the chance to earn immediate passive income while living the life of luxury in the other unit.
  1. Listed by Jessica Hoffman • DRE #02026293 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 1652 West 220th Street

Zoning
LAR2
Parcel Number
7346011003
Total Units
2.0
Living Area
2729
Source Living Area
Vendor Enhanced
Area
Harbor Gateway (122)
Vacancy Rate
0
Lot Size Area
7201

Location

Listing Courtesy of Coldwell Banker Realty, Jessica Hoffman, DRE #02026293
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LISTING UPDATED: 04/16/2024 10:35 AM

Property Details for 1652 West 220th Street

StatusActive
MLS #24-368505
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.17 AC / 7,201 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Jessica Hoffman, DRE #02026293
Add your commute

Virtual Tour

Building Information for 1652 West 220th Street

Stories2Residences-Year Built1959Building Size-Lot Size0.17 AC / 7,201 SF

Payment Calculator

$7,274 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,543

Property Taxes

$731

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1652 West 220th Street

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • Water Heaters: Yes
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Disclosures: As Is, LA/Owner Related, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $85,200
  • Net Operating Income: $63,197.50
  • Gross Income: $85,200
  • Cap Rate: 4.68%
  • Gross Rent Multiplier: $15.83
  • Total Annual Expense: 22002.50
  • Water Expense: $2,000.00
  • Tax Expense: $16,863
  • Gardener Expense: $840
  • Insurance Expense: $1,800
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Lot Acreage: 0.1653
  • Lot Size Square Feet: 7201
Parking Details
Parking Details
  • Parking Garage: Driveway, Driveway - Concrete
  • Total Parking: 6
  • Open Other Spaces Total: 6
  • Parking Features: Driveway, Concrete
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Engineered Hardwood
  • Equipment: Ceiling Fan, Dishwasher, Garbage Disposal, Microwave, Gas Dryer Hookup, Range/Oven, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Quartz Counters, Remodeled
  • Room Bathroom Features: Remodeled, Tile Counters
  • Bathroom Features: Remodeled, Tile
  • Laundry: Community, Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: Front
  • Entry Location: Ground Level - no steps
  • New Construction: No
  • Foundation Details: Slab
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,100.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Dishwasher: 2
  • Number of Disposal: 2
  • Number of Electric Meters: 2
  • Number Range: 2
  • Number Refrigerator: 2
  • Number Water Meters: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $301,687.00
  • Assessed Improvement Percent: 44.7
  • Assessed Land Value: $373,167.00
  • Assessed Land Percent: 55.3
  • Assessed Total Value: $674,854.00

Property History for 1652 West 220th 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 1652 West 220th Street

Taxable ValueLand$373,167Additions$301,687Total$674,854
Tax Record2023$8,777 ($731 / month)
Home Facts
Total Finished SqFt2,729 SqFtAbove Grade Finished SqFt2,729 SqFtLot Size7,201 SqFtStyleDuplexYear Built1959ZoningLAR2CountyLOS ANGELESAPN7346-011-003

Schools near 1652 West 220th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Meyler Street Elementary School
PublicK to 5

Alliance Kory Hunter Middle
Charter6 to 8

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

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Similar Sold Homes

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1652 West 220th Street is a multi-family home for sale in Torrance, CA 90501. This property was listed for sale on March 25, 2024 by Coldwell Banker Realty, it's currently listed at $1,199,000. It has been on the market for a total of 33 days and was last sold on August 9, 2018. This listing's school district is Los Angeles Unified School District. Nearby schools include Meyler Street Elementary School, Alliance Kory Hunter Middle and Nathaniel Narbonne Senior High School. 1652 West 220th Street is a 6-bed, 3-bath, 2,729 sqft multi-family home built in 1959.

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 Coldwell Banker Realty, Jessica Hoffman, DRE #02026293

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.