1612 W 226th Street, Torrance, California 90501, Torrance, 90501 - bed, bath
ACTIVE$1,750,000
1612 W 226th Street, Torrance, California 90501
0Bed
0Bath
3,124Sqft
7,202Lot
Year Built
1948
Close
-
List price
$1.75M
Original List price
$1.8M
Price/Sqft
$560
HOA
-
Days on market
-
Sold On
-
MLS number
OC24192375
Home ConditionExcellent
Features
Patio
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $1.75M(91th), sqft - 3124(91th), beds - undefined(50th), baths - undefined(50th).
Whether you're an owner occupier looking to live in a beautiful unit while having your mortgage paid by tenants or a savvy investor on the hunt for a high-quality, low maintenance property with value add opportunity, this property checks all the boxes. This fully renovated investment property included 4x (2) two bedrooms + (1) one bath units. Renovation includes newer electrical, newer roof, new main sewer line, fully remodeled units and more. Each home in each Fourplex has been fully renovated with attention to the finest of details. The properties features a security system, 4 parking garages with 5 additional parking spaces, and on site laundry.
Nearby schools
5/10
Meyler Street Elementary School
Public,•K-5•0.7mi
7/10
Halldale Elementary School
Public,•K-5•0.9mi
5/10
One Hundred Eighty-Sixth Street Elementary School
Public,•K-5•2.8mi
5/10
Stephen M. White Middle School
Public,•6-8•1.3mi
6/10
Alexander Fleming Middle School
Public,•6-8•1.9mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•1.2mi
Price History
Date
Event
Price
05/02/23
Sold
$1,475,000
08/05/19
Sold
$875,000
Condition Rating
Excellent
Despite being built in 1948, this property has undergone extensive and recent renovations, including newer electrical, roof, and main sewer line. All four units have been fully remodeled with modern finishes, featuring new white shaker cabinets, stainless steel appliances, subway tile backsplashes, and recessed lighting in the kitchens. Bathrooms are equally updated with modern vanities, subway tile showers with glass doors, and contemporary fixtures. Consistent LVP flooring throughout and fresh paint contribute to a virtually new appearance, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Extensive Recent Renovations: The property has undergone comprehensive renovations including newer electrical, roof, main sewer line, and fully remodeled units, significantly reducing immediate maintenance concerns and enhancing appeal.
Income-Generating Quadruplex: Comprising four 2-bedroom, 1-bath units, this property offers diversified rental income streams, making it an attractive investment or owner-occupier opportunity.
Strong Tenant Amenities: Features like a security system, ample parking (4 garages + 5 additional spaces), and on-site laundry enhance tenant satisfaction and retention.
Versatile Investment Profile: Positioned for both owner-occupiers seeking mortgage assistance from tenants and savvy investors looking for a high-quality, low-maintenance asset with potential for value-add.
Capital Expenditure Mitigation: Major capital improvements (electrical, roof, sewer line) have already been addressed, providing a more stable and predictable operational cost structure for the new owner.
Cons
Original Construction Age: Despite extensive renovations, the property's original build year of 1948 means the underlying structure is over 75 years old, which could lead to unforeseen age-related issues not covered by recent upgrades.
Aggressive Pricing Strategy: The current list price of $1.75M, following a recent sale in May 2023 for $1.475M and a subsequent price reduction from $1.8M, suggests a potentially aggressive pricing strategy that may require further market justification.
Standard Neighborhood View: While the property 'has a view,' it is described as a 'Neighborhood' view, lacking the premium appeal of ocean, city skyline, or mountain views that could command a higher market premium.