2147 West 162nd Street

Torrance, CA 90504

$2,600,000
Last Sold Price
14
Beds
10
Baths
7,358 Sq. Ft.
$353 / Sq. Ft.
7,358
Sq. Ft.
$353
per Sq. Ft.

Description

Welcome to this multi-unit investment opportunity in North Torrance! Located at 2147 W. 162nd St., Torrance, CA 90504, this property features 10 units with a mix of 2-bedroom, 1-bedroom, and studio apartments. Each unit has its own unique charm and character, and some have been recently updated with modern finishes. The property also includes on-site parking for tenants and a community laundry room for added convenience. Situated in a desirable area of Torrance, this property is conveniently located...Welcome to this multi-unit investment opportunity in North Torrance! Located at 2147 W. 162nd St., Torrance, CA 90504, this property features 10 units with a mix of 2-bedroom, 1-bedroom, and studio apartments. Each unit has its own unique charm and character, and some have been recently updated with modern finishes. The property also includes on-site parking for tenants and a community laundry room for added convenience. Situated in a desirable area of Torrance, this property is conveniently located near schools, parks, shopping centers, and restaurants. With a current rent roll and low vacancy rates, this is a great opportunity for investors looking for a steady stream of income. Don't miss out on this chance to own a piece of Torrance real estate! Please note that the accuracy of the square footage, bedroom/bathroom count, and other information regarding the conditions or features of the property is not guaranteed and should be independently verified by interested parties through personal due diligence, inspection, and consultation with appropriate professionals. Please do not disturb the tenants or walk the property without prior permission.
  1. Listed by Sarah Lee • DRE #01854958 • Brokerage DRE #01884317 • Peninsula Realty, Inc.

Property Details for 2147 West 162nd Street

Parking Spaces Total
10
Private Pool
No
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7358
Assessor Parcel Number
4066-001-001
Property Attached YN
true

Location

Listing Courtesy of Peninsula Realty, Inc., Sarah Lee, DRE #01854958

Sold By RE/MAX Estate Properties, Cheyne Inman, DRE #02094220

Add your commute
LISTING UPDATED: 07/15/2023 03:21 PM

Property Details for 2147 West 162nd Street

StatusClosed
MLS #SB23078505
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
CountyLos Angeles County

Location

Listing Courtesy of Peninsula Realty, Inc., Sarah Lee, DRE #01854958

Sold By RE/MAX Estate Properties, Cheyne Inman, DRE #02094220

Add your commute

Building Information for 2147 West 162nd Street

Building/Complex2147 W 162nd StFloor-Stories2Residences-Pet Policy-Year Built1957Building Size-

Payment Calculator

$14,763 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,189

Property Taxes

$574

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2147 West 162nd Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $16,422
  • Gross Scheduled Income: $197,064
  • Gross Operating Income: $197,064
  • Net Operating Income: $145,114
  • Financing: Seller Financing
Expense Details
  • Operating Expense: $53,408
  • New Taxes Expense: $33,750
  • Gardener Expense: $1,200
  • Fuel Expense: $3,850
  • Electric Expense: $4,965
  • Insurance Expense: $2,689
  • Professional Management Expense: $0
  • Trash Expense: $2,539
  • Water Sewer Expense: $5,286
  • Total Expenses: $54,279
Tax / Assessment Info
  • Tax Tract Number: 23149
  • Tax Census Tract: 6500.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 62
Community / Development
Community / Development
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: main door
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Paved
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Asphalt
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: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $800
  • Unit Type Total Rent: $800
  • Unit Type Pro Forma: 800
  • Unit Type Type: 10
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: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,577
  • Unit Type Total Rent: $1,577
  • Unit Type Pro Forma: 1730
  • Unit Type Type: 2
Unit 4
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1925
  • Unit Type Type: 3
Unit 5
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $2,050
  • Unit Type Total Rent: $2,050
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 4
Unit 6
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 5
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,595
  • Unit Type Total Rent: $1,595
  • Unit Type Pro Forma: 1595
  • Unit Type Type: 6
Unit 8
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1925
  • Unit Type Type: 7
Unit 9
  • 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 Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 8
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $900
  • Unit Type Total Rent: $900
  • Unit Type Pro Forma: 1000
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 2147 West 162nd 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 2147 West 162nd Street

Taxable ValueLand$180,811Additions$256,152Total$436,963
Tax Record2023$6,883 ($574 / month)
Home Facts
Total Finished SqFt7,358 SqFtAbove Grade Finished SqFt7,358 SqFtLot Size8,824 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningTORR-MHCountyLOS ANGELESAPN4066-001-001

Schools near 2147 West 162nd Street

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
Lincoln Elementary School
PublicK to 5

Casimir Middle School
Public6 to 8

North 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

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.

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 Peninsula Realty, Inc., Sarah Lee, DRE #01854958

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.