CA > Torrance
Torrance, CA 90501,1502 W W 205th ST
Torrance, CA 90501,1502 W W 205th ST
Torrance, CA 90501,1502 W W 205th ST
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Lisa Kirshner

Lisa Kirshner

+1(424) 214-0133
$2,800,000
Est. payment /mo
7,004 Sqft Lot
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UPDATED:

02/24/2025 12:45 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-20966

HOA Y/N No

Year Built 2024

Lot Size 7,004 Sqft

Property Sub-Type Apartment

Property Description

This 2025 Brand new construction, modern multi-unit property offers incredible potential for investors seeking high-quality units in a rapidly appreciating area without the constraints of rent control. With two of the five units designated as affordable housing, the property provides long-term appreciation, tax benefits, and an unparalleled low-risk investment opportunity. Situated in a coveted Opportunity Zone, this asset represents a rare chance to secure a prime piece of real estate at an excellent price. The property sits on a 7,006 sqft lot with a total living space of 9,000 sqft. It features 18 bedrooms and 18 bathrooms across five luxury units. Tenants pay their own utilities, and the property is equipped with paid-off solar for significant energy savings. Two separate driveways, eight parking spaces, and a two-car garage provide added convenience for both tenants and owners. Currently 85% completed, the property is expected to be ready for final completion and a Certificate of Occupancy in approximately 60 days. This presents a great opportunity to acquire a property just before it reaches full occupancy and maximizes its investment potential. Located near the vibrant Old Town Torrance, residents will enjoy easy access to high-end restaurants, trendy shops, and local amenities.Don't miss the chance to own a brand-new, high-quality property in this prime location. With immediate income potential, low-risk long-term benefits, and a community-focused investment, this multi-unit property is an opportunity you won't want to let slip away. Act now to secure this amazing asset for your portfolio!

Location

State CA

County Los Angeles

Area 122 - Harbor Gateway

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Cooktop

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Driveway, Garage, On Street

Garage Spaces 2.0

Garage Description 2.0

Fence Block, Wrought Iron

Pool None

Community Features Curbs, Street Lights

View Y/N No

View None

Total Parking Spaces 8

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Sewer Public Sewer

Water Public

New Construction Yes

Others

Senior Community No

Tax ID 7351014015

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Amy Weber • COMPASS • amyweberre@gmail.com

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agent

Lisa Kirshner

+1(424) 214-0133

Agent | DRE 01159728 | 01965657

Agent DRE 01159728 | 01965657

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Phone*

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