Properties
Torrance, CA 90502 20518 Raymond Avenue
$899,000
13 more
Presented By: Jerry Lin with Eddy Lee Jen Chao; 626-215-6309
Baths • 2
SQFT • 2,000
Home Details
Back on the market due to Buyer unable to close. Fumigation treatment complete along with major repairs. Residential income opportunity located at the gateway of Torrance. Close proximity to parks and Front house is 1200 SF featuring 3 bedrooms and 2 bathrooms. With new flooring installed a few years ago and a renovated bathroom, the cozy home also features a spacious kitchen. The backhouse is approximately 800 SF with 1 bedroom and 1 full bathroom. Shared yard in front of the back house To add to the income stream, the garage was converted (unpermitted) to two units featuring one studio and another being 1 bedroom and 1 bathroom. The property is fully leased with tenants paying for gas and electricity. Owners takes care of trash and water. One of the members of the holding company is a licensed realtor.
Presented By: Jerry Lin with Eddy Lee Jen Chao; 626-215-6309
Interior Features for 20518 Raymond Avenue
Other Interior Features
Common Walls1 Common Wall
Laundry FeaturesCommon Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Total Stories1
Other Rooms
Entry Level1
General for 20518 Raymond Avenue
Additional Parcels Y/NNo
AppliancesDryer, Washer
Building Area UnitsSquare Feet
CityTorrance
Community FeaturesCurbs, Park, Street Lights
CountyLos Angeles
DirectionsExit Torrance Blvd off 110 Fwy. Raymond and Milton cross street.
Electric Expense1800
Entry LocationDriveway
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income66720
HOANo
HOA Fee$
Insurance Expense2500
Land Lease Y/NNo
Listing TermsCash, Conventional, Fannie Mae
Lot Size Square Feet6209
Lot Size UnitsSquare Feet
MLS Area123 - County Strip
Net Operating Income61700
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense5020
Pool FeaturesNone
PostalCityTORRANCE
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot131
Tenant PaysElectricity, Gas
Total Actual Rent5560
Trash Expense0
Water Sewer Expense720
Year Built1959
Year Built SourcePublic Records
ZoningLCR2*
Exterior for 20518 Raymond Avenue
Building Area Total2000
Lot Features0-1 Unit/Acre
Lot Size Acres0.1425
Lot Size Area6209
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Private PoolNo
Total Parking0
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
