3937 W 178TH ST TORRANCE, CA 90504

Sold

SOLD 8/1/2022

$1,725,000

12 Beds
7 Baths
4,391 sq. ft.
Multi-Family
MLS# 22-169895

Listing provided courtesy of: Shield CRE, Inc.

Favorite Share

Property Details

Description

Outstanding Northwest Torrance Location West of 405 Freeway Great Unit Mix of All 3-Bedroom Units Significant Value-Add Potential - Approximately 74% in Rental Upside 6.51% Pro-Forma Cap Rate & 11.69 Pro-Forma GRM No Local Rent Control Defaults to AB 1482 Full Copper Plumbing, Upgraded Units, 4 Garages & On-Site Laundry Facility with New Washer/Dryer Machines Individual Tankless Hot Water Heaters for Each Unit (2017) 4,391-Square Feet of Living Space on a 6,001-Square Foot Lot Located 3 Blocks of South Bay Galleria & 3.5 Miles from the Beach & Hermosa Beach Pier Building Treated for Termites & Painted (2017) Qualifies for Residential Financing Perfect Owner User Opportunity

General Features
- County Los Angeles
Building Features
- Total # of Baths 7.00
- Total Bedrooms 12
- Cooling Other
- Heating Other
- Laundry Community
- Living Area 4391
- Stories 2
Property Features
- Other Structures Other

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%
8/1/2022 12:00:00 AM	Sold Source: Multiple Listing Service	New Value: $1,725,000
7/18/2022 7:54:42 AM	Status Changed Source: Multiple Listing Service	New Value: Active Under Contract

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.