23870 Los Codona Avenue
Torrance, CA 90505
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1964 build
- – on site
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18 unit residential apartment building in prime Walteria/South Torrance area. Situated in a strong rental market, this well maintained building offers a mix of spacious 1 & 2 bedroom apartments with 1 studio & a bonus unit. -INCOME- Current gross scheduled income is $290,352/year. However, pro forma/market rents could bring the Gross scheduled income conservatively to around $425,000/year. -LAYOUT- Large 11,738 sqft building on a 17,440 sqft lot. 25 bedrooms in total with 19 bathrooms and a bonus, 450 sqft studio that is currently being used for storage. 9 (1 bedroom/1 Bath), 8 (2 bedrooms/1 Bath) & 1 (Studio). Total of 18 garage spaces; 8 covered garages w/ auto door openers & 10 covered garages. Co-Op shared laundry room w/ 2 washing machines & 2 dryers. Rent includes trash & water while tenants pay electrical, gas, cable, etc. Each unit comes with a stove. -SCHOOLS- Top rated school district in the country; 10/10 South High school, 9/10 elementary and middle schools. -MAINTENANCE/UPDATES- Exceptionally Maintained throughout the years w/ a new roof in 2020, new dual pane windows & gutters throughout (2017), new sprinklers covering the entire lot (2017), water heater (2017), most individual fuse boxes are less than 10 years old, & exterior painting of entire building was completed in 2017. -LOCATION- Groceries, shopping, restaurants all within a 1 mile radius, 6 min drive to the Hollywood Riviera in Redondo Beach, 7 mins to the Pacific Ocean, 5 min drive to the Palos Verdes Peninsula & 25 mins to LAX airport. Centrally located in the heart of highly distinguished Walteria/South Torrance area & a rare opportunity to own a generational, top tier property!
Listed By CRMLS_CA / Brok Butcher / Butcher Realty / 310 710-6387
Last checked:
Checking…
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Last updated Nov 6, 2024
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MLS# PV24169147 —
The Building
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Year Built:1964
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:11738.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:18
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Stories Total:2
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# of Separate Gas Meters:19
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# of Separate Water Meters:1
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# of Separate Electric Meters:19
Interior
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Features:Storage
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Entry Location:Ground Level
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Flooring:Carpet, Laminate
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Room Type:Galley Kitchen, Living Room
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Laundry:Community
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Laundry:1
Location
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Directions:From 405 Freeway, Exit Hawthorne Blvd, head South. Before hitting PCH, take a right on 240th st, take a right. Property is on the corner
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Latitude:33.80688700
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Longitude:-118.35237900
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Zoning:TORR-MH
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Lot Features:16-20 Units/Acre, Corner Lot
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Lot Size Area:17440.0000
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Lot Size Acres:0.4004
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Lot Size SqFt:17440.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:6512.22
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Tax Area:9340
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Tax Tract:080
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Tax Lot:16
The Listing
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Special Listing Conditions:Probate Listing, Trust
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Parcel Number:7378008080
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Showings Begin:2024-08-20
Utilities
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Utilities:Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Neighborhood:Walteria
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Features:Curbs, Sidewalks
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Pool:None
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Private Pool:No
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:18.00
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Garage Spaces:8.00
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Carport Spaces:10.00
Extra Units
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Average 1 Bed Area:500
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Average 2 Bed Area:700
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Average Studio Area:450
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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11/6/24
Nov 6, 2024
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Sold | CRMLS_CA | $4,225,000 | -15.5% |
11/1/24
Nov 1, 2024
|
Pending | CRMLS_CA | $5,000,000 | |
10/17/24
Oct 17, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $5,000,000 | -19.4% |