1141 Jay Street, Torrance, CA 90502

$760,000
List Price
$760,000
Status
ACTIVE
MLS#
OC22205448
Year Built
1954
Lot Size
6,800
Acres
0.15610000000000002
Lot Location
Back Yard, Front Yard
Days on Market
9
Property Type
Multifamily
Property Sub Type
Duplex

Property Description

Great investment opportunity for someone looking to generate passive income! Torrance Duplex boasting two detached units. Consisting of a 2 bed/1 bath layout and separated by a nice block wall, the units have their own yards giving tenants privacy and their own exterior space. Each unit has its own gas (2 total) and electric meter (2 total). Fresh paint paint, new carpet, and lighting can be found in all units. The front unit presents a private front/back yard, new kitchen cabinets, a 1 car garage complete with washer and electric dryer hookups. A roomy driveway, large front yard, and bonus area equipped with washer and electric dryer hookups are showcased in the back unit. Because the owner is only responsible for water, home insurance, and standard maintenance, the cash flow potential is very promising with market rent rates showing $2,500-$2,800/month earning potential. With some TLC, these units can definitely be leased at market rent! Conveniently located near the 110 FWY, UCLA Medical Center, The Links at Victoria Golf Course, Los Angeles Harbor College, and Ken Malloy Harbor Regional Park.

Additional Information

Pool Description
None
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$45,600
Operating Expense
1392

Listing courtesy of Listing Agent: Elizabeth Do (Liz@ElizabethDo.com) from Listing Office: Keller Williams Realty.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.