Torrance, CA 90502 20518 Raymond Avenue
$899,000
Pending
13 more
Presented By: Jerry Lin with Eddy Lee Jen Chao; 626-215-6309
- MLS# WS24198823
- 10/01/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 5
Baths • 5
SQFT • 2,000
Home Details
Residential income opportunity located at the gateway of Torrance. Close proximity to parks and Front house is 1200 SF featuring 3 bedrooms and 2 bathrooms. With new flooring installed a few years ago and a renovated bathroom, the cozy home also features a spacious kitchen. The backhouse is approximately 800 SF with 1 bedroom and 1 full bathroom with the bonus of its own private yard. To add to the income stream, the garage was converted (unpermitted)) to two units featuring one studio and another being 1 bedroom and 1 bathroom. The property is fully leased with tenants paying for gas and electricity. Owners takes care of trash and water. One of the members of the holding company is a licensed realtor.
Presented By: Jerry Lin with Eddy Lee Jen Chao; 626-215-6309
Interior Features for 20518 Raymond Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, WasherHookup, ElectricDryerHookup, GasDryerHookup
Total Stories1
Other Rooms
Entry Level1
General for 20518 Raymond Avenue
Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityTorrance
Community FeaturesCurbs, Park, StreetLights
CountyLos Angeles
DirectionsExit Torrance Blvd off 110 Fwy. Raymond and Milton cross street.
Electric Expense1800.0
Electric On Property Y/NNo
Entry LocationDriveway
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income66720.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense2500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, FannieMae
Lot Size Square Feet6209.0
Lot Size UnitsSquareFeet
MLS Area123 - County Strip
MobileHomeRemainsYNNo
Net Operating Income61700.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense5020.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Lot131
Tenant PaysElectricity, Gas
Total Actual Rent5560.0
Trash Expense0.0
Water Sewer Expense720.0
Year Built1959
Year Built SourcePublicRecords
ZoningLCR2*
Exterior for 20518 Raymond Avenue
Building Area Total2000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1425
Lot Size Area6209.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate