16112 VAN NESS AVE

TORRANCE, CA, 90504

$2,795,000

$364 per ft²
$2,795,000
$364 per ft²
Active Under Contract
Active Under Contract
 - For Sale
beds
15 Beds
baths
10 Baths
carpenters-square
7,660 ft²
property_type
Multi-family
calendar
Built 1957
16112 Van Ness Avenue is a well-maintained, 9+1 unit apartment building comprised of four (4) 1 bed/1 bath, five (5) 2 bed/1 bath, and one (1) non-conforming bachelor's unit. Unit 6 (2+1) is currently vacant, all tenants are current and paid in full. Over 20% rent upside. Seller has taken great care of property; copper plumbing throughout, a new security gate and fence was installed in 2018, a new roof was installed in 2015. Seven of the units have been updated with new kitchen cabinets, granite countertops, bathtubs and flooring during current ownership. Ten dedicated parking spots in the rear of the building. Great opportunity to hedge against inflation and own in a strong rental market. Contact LA1 for Offering Memorandum.
MLS® ID:
22-155479
Listed:
5/10/22
Updated:
6/29/22
Sotheby's International Realty
Shelton Wilder Group

Interior Features

Total Bedrooms
15
Total Bathrooms
10
Cooling
None
Heating
Wall

Exterior/Building Features

Lot Size
8,957 ft² lot

Other Property Details

Garage
No
Parking
Side By Side, Uncovered, Parking Space
Parking Total
10.0
View
N
County
Los Angeles
Pool
No
Total Stories
2
Zoning
TORR-MH

Property History

Date
Event
Price
Value
6/23/22
Active Under Contract
-
-
6/8/22
Active
-
-
5/25/22
Pending
-
-

 

Courtesy of Daniel Shieh, Lyon Stahl Investment Real Estate, Inc.

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Shelton Wilder Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/29/22

Sotheby's International Realty
Shelton Wilder Group
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