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    1008 Portola Avenue

    Torrance, CA 90501
    • $749,000
    • STATUS: Pending
    • ON SITE: 106 days
    • ID#: SB21014235
    Pending
    UPDATED: 47 min ago
    $749,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,576
      SQFT
    • $475
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Please see supplements for letter dated February 17, 2021 recognizing this property as a two unit property and giving property a second address of 1010 Portola Ave. Great potential on Very Nice Street. Great California Distinguished Schools that are part of Torrance Unified School District. Front unit is Craftsman bungalow with two bedrooms, one bath. Rear unit is a one bedroom. Fenced front and rear yards. Front house does have some of the charm left. R2 lot street to alley lot. Both houses need work. Only one meter for each utility so owner is electric, water, sewer and trash. Two separate gas meters. Both houses have laundry hookups. Property is being sold AS-IS. New California Statewide Rent Control does allow owners to ask tenant to move for a remodel or to live in unit with relocation fees (Buyer to verify). Street has greatly improved in the last 30 years as many of the older homes have been renovated or replaced with new dwellings. Buyer to be aware that all outside improvements must be kept in the Craftsman style of the front house.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T20:35:44.45. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
    www.necolrealty.com/homes/113575752
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    1008 Portola Avenue Torrance, CA 90501

    • Price: $749,000
    • Status: Pending
    • Updated: 47 min ago
    • ID#: SB21014235
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,576
    SQFT
    $475
    $/SQFT
    1921
    Built
    Neighborhood:
    134 - Old Torrance
    County:
    Los Angeles
    Area:
    134 - Old Torrance
    Property Description
    Please see supplements for letter dated February 17, 2021 recognizing this property as a two unit property and giving property a second address of 1010 Portola Ave. Great potential on Very Nice Street. Great California Distinguished Schools that are part of Torrance Unified School District. Front unit is Craftsman bungalow with two bedrooms, one bath. Rear unit is a one bedroom. Fenced front and rear yards. Front house does have some of the charm left. R2 lot street to alley lot. Both houses need work. Only one meter for each utility so owner is electric, water, sewer and trash. Two separate gas meters. Both houses have laundry hookups. Property is being sold AS-IS. New California Statewide Rent Control does allow owners to ask tenant to move for a remodel or to live in unit with relocation fees (Buyer to verify). Street has greatly improved in the last 30 years as many of the older homes have been renovated or replaced with new dwellings. Buyer to be aware that all outside improvements must be kept in the Craftsman style of the front house.
    Exterior Features

    Architectural Style Craftsman Carport Spaces 0 Direction Faces West Lot Features Back YardFront YardLawnNear ParkNear Public TransitRectangular LotStreet Level Number Of Separate Electric Meters 1 Open Parking Spaces 0 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type AlleyCity Street Road Surface Type Alley Paved Roof Composition

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Floor Furnace Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Community Features CurbsGutter(S)Storm Drain(S)Street LightsSuburbanSidewalksPark Electric Expense 2100 Garage YN No Gross Income 30000 Gross Scheduled Income 30000 Insurance Expense 1100 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 14242 New Construction YN No New Taxes Expense 10338 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 15758 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable Tv Total Actual Rent 2500 Trash Expense 400 Water Sewer Expense 1100 Water Source Public Zoning Torr-Lm

    Listing provided courtesy of John Fields of Bonanza Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T20:35:44.45. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
     
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