Residential Income – 3450 Emerald St, Torrance, CA 90503, USA -001-11-30T00:00:00-08:00
Centrally located in the heart of Torrance between Amie and Madrona Ave. Comprised of 29 one bed / one bath units, 16 two bed / two bath and 4 three bed / two bath units. Most units have been updated with granite counters, travertine stone, upgraded cabinets
3450 Emerald St, Torrance, CA 90503, USA
$19,950,000 USD
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Address3450 Emerald Street, Torrance
Price$19,950,000
Price Changed6.11% (-$1,299,000, 9 days ago)
Year Built1963
Bedrooms Total0
Living Area42,612 ft2
Lot Size (Sq.Ft.)49,871
Listing IDSB19022029
StatusPending
Parcel Number7524013043
ZoningTORR-MH
Special ConditionsStandard
Days on Market67

Detailed Description: Centrally located in the heart of Torrance between Amie and Madrona Ave. Comprised of 29 one bed / one bath units, 16 two bed / two bath and 4 three bed / two bath units. Most units have been updated with granite counters, travertine stone, upgraded cabinets, carpet and paint. Immaculate, lush grounds with 50 ft pool, custom built outdoor entertainment pavilion with two BBQ’s, and laundry on the premises. Common area with beautiful custom stone work. Private enclosed patios. Units are all electric. Landlord pays for basic cable, water and trash.

Laundry
Parking
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address3450 Emerald Street, Torrance
Street SuffixStreet
CityTorrance
Location (MLS Area)126 – Central Torrance
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90503
Postal Code Plus43723
CountryUS
Financial Information
Purchase Contract DateMay 9, 2019
Price Changed-6.1132%
Previous Price$21,249,000
Price per Square Foot$468.18
Price per Lot Square Foot$400.03
Special ConditionsStandard
Total Expenses$599,029
Professional Management Expense$51,295
Operating Expense$599,029
Insurance Expense$31,219
Electric Expense$14,019
Water Sewer Expense$15,336
Trash Expense$26,562
Fuel Expense$8,476
Gross Income$1,019,868
Gross Scheduled Income$1,070,568
Net Operating Income$471,539
Laundry Income$6,393
Improvements Amount$1,229,517
Land Value$389,782
Tax Year2000
Tax Lot10
New Taxes Expense$273,375
Full Descriptions
Parcel Number7524013043
Detailed DescriptionCentrally located in the heart of Torrance between Amie and Madrona Ave. Comprised of 29 one bed / one bath units, 16 two bed / two bath and 4 three bed / two bath units. Most units have been updated with granite counters, travertine stone, upgraded cabinets, carpet and paint. Immaculate, lush grounds with 50 ft pool, custom built outdoor entertainment pavilion with two BBQ’s, and laundry on the premises. Common area with beautiful custom stone work. Private enclosed patios. Units are all electric. Landlord pays for basic cable, water and trash.
Lot FeaturesLandscaped, Lot Over 40000 Sqft
Community FeaturesCurbs, Sidewalks
Water SourcePublic
UtilitiesCable Connected
Laundry FeaturesCommon Area, Community
Parking FeaturesAssigned, Attached Carport
Sewer DescriptionPublic Sewer
Common Walls Description2
Pool FeaturesCommunity, In Ground
Property parameters
Year Built1963
Living Area (Sq.Ft.)42,612 ft2
Lot Size (Sq.Ft.)49,871
Lot Size (Acres)1.145
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total49
ZoningTORR-MH
Parking Spaces52
Carport Spaces52
Water SourcePublic
Units Total49
Year Built SourceAssessor
Number of Separate Electric Meters49
Number of Separate Water Meters1
Improvements76%%
Cap Rate (For Cash Payment Only)2.3
Listed withAdolph James (Beach City Brokers)