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Key Details
Sold Price $2,460,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,085 sqft
Price per Sqft $483
MLS Listing ID CRSB23122892
Sold Date 08/01/23
HOA Y/N No
Year Built 1985
Lot Size 7,001 Sqft
Acres 0.16
Property Description
1518 Marcelina Ave is a well positioned 7-Unit situated in the quiet neighborhood of Old Torrance. The property boasts (7) 1-bed/1.5-bath two-story units, each with their own attached garage and private balconies. Tenants enjoy downstairs bedrooms with upstairs living room, kitchen, and ½ guest bathroom. The location also provides easy access to a range of retail and restaurant establishments. The building offers 5,085 RSF of living space priced at $452/SF and $328,571 per unit, with a proforma 12.17 GRM and 5.72% Proforma CAP presenting significant upside potential. With its premier location, sizeable living space, and attractive pricing, 1518 Marcelina Ave is an excellent investment opportunity for any Los Angeles CRE Investor.
Location
State CA
County Los Angeles
Area Old Torrance
Zoning TODC
Interior
Fireplace No
Laundry In Garage
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7355023025
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with RobMcgarry