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$ 1,297,000
Est. payment /mo
Pending
1322 W 227th ST Torrance, CA 90501
12 Beds
6 Baths
4,092 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 4,092 sqft
Price per Sqft $316
MLS Listing ID 26651257
Bedrooms 12
HOA Y/N No
Year Built 1965
Lot Size 7,200 Sqft
Property Description
*** PRICE ADJUSTED BY $52,000 *** SWI Realty is proud to present a great opportunity to acquire a bread & butter multifamily asset with the potential to greatly raise the gross income by approximately 140%. HACLA Section 8 pays $2,887 for 2 bedrooms & $2,289 for a 1 bedroom. This asset is located in the highly sought after South Bay market. Built in 1965, the property features six (6) 2 bedroom 1 bathroom units PLUS the ability to build a 1 bedroom ADU. Seller has approved plans and Ready To Issue (RTI) permit to resubmit. Each unit is separately metered for gas and electrical. Main plumbing line from front to rear of property is copper. Unit #3 has pex & copper plumbing...work was completed approximately 18 months ago. All units have new sub panels which were installed approximately 2 years ago. Exterior of property was painted February 2026. Laundry facility at rear of property. The asset sits in a submarket with high demand for renovated units which provides a clear path to market rate rent increases. Current gross income of $97,953 can potentially become $235,332 by turning units and working with Section 8. Freeway accessibility to the 110, 405 & 105 which provides access to Long Beach, Redondo Beach, Manhattan Beach, LAX & Downtown LA. Walking distance to Normandie Park Recreation Center. Act now on this bread & butter asset with the ability to increase gross income by about 140%!
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Zoning LAR3
Interior
Cooling None
Fireplaces Type None
Fireplace No
Appliance Disposal
Exterior
Parking Features None
Pool None
Total Parking Spaces 6
Private Pool No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7347013008
Financing Conventional
Special Listing Condition Standard
Listed by Adrian Torres Success With Integrity Realty #01338516
Nearby Locations
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