16112 VAN NESS Avenue, Torrance, CA 90504 | 22155479 | Vista Sotheby’s International Realty

16112 VAN NESS Avenue $2,725,000

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    16112 VAN NESS Avenue Torrance, CA 90504

    Closed
    SOLD 7/12/2022

    $2,725,000

    • 0 Beds
    • 0 Baths
    • 7,660 sq. ft.
    • Multi-Family
    • MLS# 22155479
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    Property Details

    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.

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 2.500 %
      • County Or Parish Los Angeles
      • Number Of Buildings 1
      • Number Of Units Total 9
      • YearBuilt 1957
    • Building Features
      • Appliances Vented Exhaust Fan
      • Cooling None
      • Heating Wall Furnace
      • Interior Features Ceiling Fan(s)
    • Property Features
      • Lot Size Acres 0.2
      • Parking Total 10.00
      • Lot Size Dimensions 50x179

    Neighborhood

    90504 (Torrance) Demographics

    42 Median Age
    7,319 Population Density (per sq. mile)
    53% College Educated
    $92,636 Estimated Median Income
    7,001 Estimated Total Home Owners
    4,412 Estimated Total Renters
    61% / 39% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    32,703 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $875,000 Median Sales Price
    19 Homes Sold
    23 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        7/12/2022 12:00:00 AM Sold Source: Multiple Listing Service New Value: $2,725,000
        6/23/2022 11:32:41 AM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
        6/8/2022 10:01:32 AM Status Changed Source: Multiple Listing Service New Value: Active
        5/25/2022 2:16:52 PM Status Changed Source: Multiple Listing Service New Value: Pending
        Based on information from California Regional Multiple Listing Service, Inc. as of 8/19/2022 1:48:57 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.