20619 Kenwood, Torrance, CA 90502  

Seller has maintained, upgraded & rebuilt most of the property. Excellent income for the price. When all rooms full, 11 of the 1 bedrooms rented at $600 / mo, 1 of the 1 bedrooms rented at $625 / month, 1 of the 1 bedrooms rented at $650 / month. 1 bedroom in basement at $800 / month. 1 back house rented at $900 / mo. $9,575 / mo yields $114,900 / year. $2,000 /yr from laundry equipment. Gross income of $116,900 / year. If new buyer converted the huge exercise room area in basement into rentals even more income. Torrance PO for under 8.6 gross multiplier. Living area square footage provided by seller. Seller willing to carry for 7 years at 4.5 percent compound interest with $500,000 down, provided Seller then lives in the basement in the presently occupied property paying rent of $800/ month for use of the kitchen, bathroom, living room, basement facilities, his usual parking spot, office in the attic, two storage sheds for one year. Seller indicates the 2,000 sq ft basement not permitted but even more robust than typical building requirements. Front shed is tear-down quality. Seller indicates back house was probably built in 1940s as 2x3 in rafters, but its roof near end of useful life. Seller indicates front house was mostly built years 1995+ as had to be torn down to studs.

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Listing Type
Multi-Family
Listing ID
TR16761327
Lot Size
8,479.00 sqft
Listing Status
Active
Year Built
1919
County
Los Angeles
Floors
3
Units
15
TaxID
7350011065
Listing courtesy of Takeshi Kawaratani~Fairview Realty & Management
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    Listing Information Provided By:
    RE/MAX ESTATE PROPERTIES
    23740 Hawthorne Blvd 2nd Floor Torrance, CA 90505 | Phone: (310) 748-3047
    RE/MAX ESTATE PROPERTIES is licensed in the state of California CalBRE License #: 402754
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.