SOLD 05/08/2024
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Commercial sold for $1,695,750 in 29 days
775 Portola Ave Torrance, CA, 90501
Off the market Other
775 Portola Ave is an amazing opportunity to own six units offered at only $282k/unit. The subject property has over 50% upside in rental income. Whether you are long term or a value-add investor, the subject property is the perfect assets to help achieve your investment goals. 775 Portola Ave features a unit mix of (6) 1-Bed/1-Bath - each unit features 2 parking space (1 garage and 1 tandem), as well as washer/dyer hookups. Once fully rented for market and ADU is constructed ($300k), the property will operate at a 8.61% CAP and 7.64 GRM. This investment is located near Old Torrance- one of the more desirable pockets in Torrance. There are many shops and restaurants close by, as well as Del Amo Shopping Center. One of the highlights of Torrance is its excellent education system. The city is home to several top-rated public and private schools, providing residents with quality education options for their children.
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Property details
3,650 sqft interior area
Land area
5,600 sqft (0.13 acres)
Address
775 Portola Ave, Torrance, CA, 90501
City of California
Torrance
County
Los Angeles
Year Built
1957
District
Listing
Nearby major retailers
Costco
Albertsons
Lowe's
Walmart Neighborhood Market
Toyota
T-Mobile
Trader Joe's
Whole Foods Market
Aldi
Wholesale: 1
Supermarket: 14
Do it yourself: 1
Car: 1
Mobile phone: 6
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Listed by
Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
Name
Cameron Samimi
License number
02035763
Brokerage company
Lyon Stahl Investment Real Estate, Inc.
MLS #
CRSB24070404
Buyer agent
Name
Daniel Shieh
Brokerage company
Lyon Stahl Investment Real Estate, Inc.
Payment calculator
Calculate your monthly payments
Mortgage
$5,207
Taxes
$0
HOA dues
$0
Mortgage
$339,150 / 20%
2.28%
30 years
Your amount
$5,207 / month
Lot details
TMK #7354005013
Parcel nr.
7354005013
90501 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90501
42%
Families with children
National average: 39%
29%
Non family households
384,459
Population
$97,623
Average Income
Age & gender
Median age 39 years
More info
Commute types
88% commute by car
More info
Education level
27% have bachelor education
More info
Number of employees
2% work in education and healthcare
More info
Vehicles available
41% have 2 vehicle
More info
Vehicles by gender
41% have 2 vehicle
More info
Housing market insights for
$975.86k
Neighborhood average
sales price*
sales price*
$905k
Neighborhood median
sales price*
sales price*
531
Number
of sales*
of sales*
Housing type
51% are single detacheds
More info
Rooms
41% of the houses have 4 or 5 rooms
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Bedrooms
65% have 2 or 3 bedrooms
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Owners vs Renters
54% are owners
More info
15.17 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold May 8, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 8, 2024 | Sold | $1,695,750 | 0 | Public Record |
| May 8, 2024 | Price Increase | $1,695,750 +0.04% | 0 | MLS #CRSB24070404 |
| May 3, 2024 | Under contract | $1,695,000 | 0 | MLS #CRSB24070404 |
| Apr 10, 2024 | New Listing | $1,695,000 | 0 | MLS #CRSB24070404 |
Taxes of 775 Portola Ave, Torrance, CA, 90501
TORR zoning / MLS #CRSB24070404
Zoning
TORR
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Frequently Asked Questions about 775 Portola Ave
What is 775 Portola Ave?
775 Portola Ave is a Commercial/Industrial propertywith 3,650 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
775 Portola Ave, Torrance, CA, 90501.
What comparable properties are nearby?
Comparable nearby commercial properties include 2264 Torrance Blvd, 1321 Post Ave, 1715 Arlington Ave, 3655 Torrance Blvd, 2481 W 238th St, 3719 Artesia Blvd.
Based on information from the bridgeMLS as of 05-19-2024. 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. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 08, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Mitsuwa Marketplace, 0.78 miles away and Ralphs, 0.9 miles away.
The 90501 zip area has a population of 384,459, and 42% of the families have children. The median age is 39.98 years and 88% commute by car. The most popular housing type is "single detached" and 54% is owner.
