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1427 Post Ave, Torrance

  • Charming Spanish Style EXCEPTIONAL 2-ON-A-LOT PROPERTY in highly sought-after Old Town Torrance! This 1-story home (1372 sqft) is nestled in a lovely neighborhood.
  • It offers three bedrooms and one bathroom with original hardwood floors throughout, a large living room with cove ceiling, recessed lighting, fireplace, and large french windows looking out onto Post Ave, one of the nicest streets in Torrance.
  • The original front door, formal dining room, kitchen, natural light breakfast nook, and bathroom have their well-maintained original character.
  • As you enter the spacious and original charismatic entryway, it greets you with a generous-sized living room accompanied by a cozy fireplace.
  • The Living room leads to the bathroom, which has been remodeled with dual vanity and sinks, free-standing tub, Glass Enclosure step-in shower with gleaming white subway tile, and new tile floors while keeping some of the original charms.
  • The Main bedroom features plenty of light. The two other bedrooms have a doorway in-between for shared space playing between kids or a private home office.
  • The oversized (675 sqft) bright, light, and airy back ADU offers a brand new contemporary one-bedroom apartment with high ceilings. 8-foot tall french doors open to a private back patio with a mature, heavily laden avocado tree.
  • Boasts an open plan living space that includes kitchen island, Quartz two-tone grey/white countertops, sit-up bar, stainless appliances including dishwasher, chimney range hood, gas range, waste disposal, four-door fridge, microwave, and new kitchen, sleek modern bathroom.
  • New roof.
  • It’s own separate laundry and storage room.
  • Tankless water heater and remote-controlled AC and cooling.
  • Private access from the alley, with parking.
  • The property has a new sewer line and roof with many other capital improvements on the back unit.
  • The original garage was converted into storage and laundry rooms.
  • This one will not last….with its’ Award Winning Torrance schools, walkability to the charming restaurants, shops, and coffee houses of downtown Old Torrance, Torrance high school, freeway access, etc… Truly a must-see!

Property Details

  • Units: 2
  • Gross Rent Multiplier: 18.23
  • Cap Rate: 3.2

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Price

$1,125,000

Annual Income

$56,988

Annual NOI

$32,848

Annual Expense

$21,289

Rental Cost Details

# OF UNITS# OF BEDROOMS# OF BATHSACTUAL RENTTOTAL RENTPRO FORMATOTAL PRO FORMA
131$2,649$2,649$3,000$3,000
111$2,100$2,100$2,250$2,250
TOTAL # OF UNITSTOTAL # OF BEDROOMSTOTAL # OF BATHSGRAND TOTAL RENTGRAND TOTAL PRO FORMA
242$4,749$5,250

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