1502 W 205th Street, Torrance, CA 90501
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- MLS#: P1-20966 ( Apartment )
- Street Address: 1502 W 205th Street
- Viewed: 1
- Price: $2,800,000
- Price sqft: $0
- Waterfront: No
- Year Built: 2024
- Bldg sqft: 0
- Days On Market: 39
- Additional Information
- County: LOS ANGELES
- City: Torrance
- Zipcode: 90501
- Subdivision: Not Applicable
- Provided by: COMPASS
- Contact: Amy Amy
- DMCA Notice
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DescriptionThis 2025 Brand new construction, modern multi unit property offers incredible potential for investors seeking high quality units in a rapidly appreciating area without the constraints of rent control. With two of the five units designated as affordable housing, the property provides long term appreciation, tax benefits, and an unparalleled low risk investment opportunity. Situated in a coveted Opportunity Zone, this asset represents a rare chance to secure a prime piece of real estate at an excellent price. The property sits on a 7,006 sqft lot with a total living space of 9,000 sqft. It features 18 bedrooms and 18 bathrooms across five luxury units. Tenants pay their own utilities, and the property is equipped with paid off solar for significant energy savings. Two separate driveways, six parking spaces, and a two car garage provide added convenience for both tenants and owners. Currently 85% completed, the property is expected to be ready for final completion and a Certificate of Occupancy in approximately 60 days. This presents a great opportunity to acquire a property just before it reaches full occupancy and maximizes its investment potential. Located near the vibrant Old Town Torrance, residents will enjoy easy access to high end restaurants, trendy shops, and local amenities.Don't miss the chance to own a brand new, high quality property in this prime location. With immediate income potential, low risk long term benefits, and a community focused investment, this multi unit property is an opportunity you won't want to let slip away. Act now to secure this amazing asset for your portfolio!
Property Location and Similar Properties
Features
Appliances
- Dishwasher
- Gas Cooktop
Assessments
- None
Association Fee
- 0.00
Common Walls
- No One Above
Cooling
- Central Air
Country
- US
Fencing
- Block
- Wrought Iron
Fireplace Features
- None
Fuel Expense
- 0.00
Garage Spaces
- 2.00
Heating
- Central
Insurance Expense
- 32760.00
Laundry Features
- Gas Dryer Hookup
- Washer Hookup
Lockboxtype
- See Remarks
- None
Lot Features
- Sprinklers None
Netoperatingincome
- 198120.00
Parcel Number
- 7351014015
Parking Features
- Garage
- Driveway
- Street
Pool Features
- None
Property Type
- Apartment
Security Features
- Carbon Monoxide Detector(s)
- Smoke Detector(s)
Sewer
- Public Sewer
Sourcesystemid
- 2025022323364502655000...
Sourcesystemkey
- 20250223233645026550000000:CRF
Spa Features
- None
Subdivision Name Other
- Not Applicable
Tenant Pays
- All Utilities
Totalexpenses
- 47280.00
Trash Expense
- 0.00
View
- None
Water Source
- Public
Year Built
- 2024
Year Built Source
- Seller