Price reduced by $150,000! Luca is proud to present this 29-unit investment opportunity in Torrance. The property is situated in an outstanding Torrance location and is NOT subject to LA Rent Control and instead falls under AB-1482. The asset has a unit mix of (2) 2-bedroom/1-bathroom units, (3) 1-bedroom/1-bathroom units, (15) studio/1-bathroom units and (9) bachelor/1-bathroom units. The property is situated on two separate, adjacent parcels - each lot with its own assessor parcel number (APN). The offering is priced at only $193,103 per unit. The property features a total of 12,952-SF of living area and is situated on a large 19,824-SF corner lot.The asset is being offered at a 5.69% current cap rate and 11.67 current GRM with upside to a 7.97% pro-forma cap rate. Each unit has individual hot water heaters and both buildings are all electric. 16924 Crenshaw has a newer roof. Furthermore, there is a courtyard area with a pool, 29 parking spaces, and an on-site laundry facility with two washers and two dryers.
Property Details
Property Features
Property Information:
Year Built: 1959
Stories: 2
Living Area: 12,952 SqFt
Listing Office:
Office Name: Shield CRE, Inc.
Office Phone: (310) 593-9869
Listing Agent: Gianluca Jacoli
Interior Features
Bedroom and Bathroom Information:
Total Bedroom Count: 7
Exterior Features
Parking Information:
Parking: Covered
Lot Features
Lot Information:
Lot Size: 0.46 Acres
Other
Directions Information:
Directions: North of 170th Street, South of 168th Street, East of Yukon Avenue, West of Van Ness Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $5,600,000
Price Per SqFt: $432/SqFt
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Housing Market Comparison
See how this home compares to others in Torrance, CA.
This property is $4.5M more than the Median Sold Price and $261/SqFt less than other homes in Torrance, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24436973
Listing Office:
Office Name: Shield CRE, Inc.
Office Phone: (310) 593-9869
Listing Agent: Gianluca Jacoli
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Dapplegray Elementary
3011 Palos Verdes Dr N
Distance between this listing and this school0.92 miles
Public District Grades KG-5
8
/10
Walteria Elementary
24456 Madison St
Distance between this listing and this school0.92 miles
Public District Grades KG-5
9
/10
Rancho Vista Elementary
4323 Palos Verdes Dr N
Distance between this listing and this school0.97 miles
Public District Grades KG-5
Nearby Schools
6
/10
Fleming Middle School
25425 Walnut St
Distance between this listing and this school1.61 miles
Public District Grades 6-8
8
/10
Dodson Middle School
28014 S Montereina Dr
Distance between this listing and this school2.07 miles
Public District Grades 6-8
9
/10
Richardson Middle School
23751 Nancylee Ln
Distance between this listing and this school2.20 miles
Public District Grades 6-8
Nearby Schools
10
/10
Palos Verdes Peninsula High School
27118 Silver Spur Rd
Distance between this listing and this school2.02 miles
Public District Grades 9-12
9
/10
South High School
4801 Pacific Coast Hwy
Distance between this listing and this school2.10 miles
Public District Grades 9-12
2
/10
George S. Patton Continuation
24514 S W Ern Ave
Distance between this listing and this school2.13 miles
The neighbors living near this home have an average income of $92,014. Typical income of Torrance, CA residents is between $100k-200k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 16910-16924 Crenshaw Blvd
What is the listing price of this property?
The listing price of 16910-16924 Crenshaw Blvd property is $5,600,000.
What type of property is this?
The property 16910-16924 Crenshaw Blvd is a house located in Torrance, California, 90504.
Is this property for sale now?
Active Listing: 16910-16924 Crenshaw Blvd is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 16910-16924 Crenshaw Blvd has 7 bedrooms and 29 bathrooms.
What is the square footage of this property?
The property 16910-16924 Crenshaw Blvd is 12,952 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 16910-16924 Crenshaw Blvd is 1959.
Interested in 16910-16924 Crenshaw Blvd? Let's connect.
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This home is located at 16910-16924 Crenshaw Blvd in Torrance, CA and zip code 90504 in the Walteria neighborhood. This 12,952 square foot home, which was built in 1959, sits on a 0.46 acre lot. Features: 7 bedrooms, 29 bathrooms. It has been listed on Rocket Homes since September 07, 2024 and is currently priced at $5,600,000.
In November 2024 more than 38 listings in Torrance, CA were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 32 were sold below. In November 2024 in Torrance, CA there were 12.5% less homes for sale than in October 2024. In November 2024 median list price was $1,039,125 and the average listing age was 31 days.
From Rocket Homes Real Estate and based on county public records data.