1427 Post, Torrance 90501
- 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!
withdrawn
Download Offering Memorandum
UNITS: 2
GROSS RENT MULTIPLIER: 18.23
CAP RATE: 3.2
PRICE
$1,125,000
ANNUAL INCOME
$56,988
ANNUAL NOI
$32,848
ANNUAL EXPENSE
$21,289
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 3 | 1 | $2,649 | $2,649 | $3,000 | $3,000 |
| 1 | 1 | 1 | $2,100 | $2,100 | $2,250 | $2,250 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 2 | 4 | 2 | $4,749 | $5,250 |
