1810 Cabrillo Ave, Torrance, CA 90501

1810 Cabrillo Ave, Torrance, CA 90501

Torrance, CA
$1,195

Property Description

We are pleased to present 1810 Cabrillo Ave, a professionally managed and well-maintained Duplex in the Premium, Low-Turnover Submarket of Old Torrance. This 2,448 SF Duplex features an Outstanding Unit Mix of (2) 3 Bed/2 Bath Units with each unit averaging out to over 1,200 SF, which is incredibly rare for this historic submarket. In addition, the building offers (4) adjacent Garage Parking Spaces, (2) of which for each tenant and an additional skirt space should they choose to utilize it. The garage runs the width of the lot and faces out back to the alley, so there aren’t ingress/egress related challenges as a result. In addition, there are several other unique characteristics about this property that are favorable to its occupants, including, but not limited to, a classic wood-burning fireplace in the back unit and a well-maintained pool for both tenants to enjoy. The building was completely re-roofed in 2012 from old wood shake to composition shingles and, as a byproduct of meticulous maintenance, remains in like-new condition to this day. Moreover, the well-oiled nature in which this building operates can be attributed to Professional, In-Place Property Management, and is consistently fueled by the prudent decision-making of ownership. All said, it should be no surprise that all tenants are current, there’s tranquility amongst the tenant mix, and these tenants enjoy staying long term (with a current tenant approaching 25+ years). For these reasons, along with keen oversight over its big-ticket structural items, this building is poised for a seamless and hassle-free transition to new ownership, whether it be for an investor or an Owner/User. From a Land Value/Development Perspective, it’s important to note that the land is Favorably Zoned TORR-MD, which would allow for at least (4) units to be built on this 6,900 SF Lot. Further, the Building itself boasts an Excellent Walk Score® of 92 (“Walker’s Paradise”), which serves not only as a testament to the Submarket, but as a testament to the Building’s Strategic Location within the Submarket. This property offers its occupants a multitude of dining, shopping, and entertainment options that are all readily assessable by foot. Additionally, this property is not under jurisdiction of the City of Los Angeles and, thus, is not subject to the harsh LA City Rent Stabilization Ordinances, and/or any other policies or requirements that are specific to the City of Los Angeles.

Property Features

  • Sale Price: $1,195
  • Area Size: 2,448 SF
  • Year Built: 1952
  • Listing Date: April 15, 2022
  • Units: 2

Lyon Stahl Investment Real Estate

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