FOR SALE
Listed by Cameron Samimi, Lyon Stahl Investment Real Estate, Inc., (310) 425-9838
775 Portola Ave
Torrance, CA 90501
Olde Torrance
8 Beds
8 Baths
3,650 sqft
- 8 Beds
- 8 Baths
- 3,650 sqft
8 Beds
8 Baths
3,650 sqft
We estimate this home will sell faster than 85% nearby.
Local Information
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Description
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.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
$464
Listed
19 days ago
Home Details for 775 Portola Ave
Interior Features |
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Beds & Baths Number of Bedrooms: 8Number of Bathrooms: 8 |
Appliances & Utilities Laundry: None |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Entry Location: Front |
Exterior Features |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 6Number of Covered Spaces: 6Has a GarageParking Spaces: 6Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 19 |
Property Information |
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Year Built Year Built: 1957 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 7354005013 |
Price & Status |
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Price List Price: $1,695,000Price Per Sqft: $464 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Torrance |
Agent Information |
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Listing Agent Listing ID: SB24070404 |
Building |
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Building Area Building Area: 3650 Square Feet |
Community |
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Community Features: UrbanNot Senior Community |
HOA |
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Association for this Listing: California Regional MLS |
Lot Information |
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Lot Area: 5600 sqft |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Rental |
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Has Rent Control |
Miscellaneous |
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Mls Number: SB24070404Attribution Contact: 310-259-7556 |
Additional Information |
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Urban |
Last check for updates: about 8 hours ago
Listing Provided by: Cameron Samimi DRE #02035763, (310) 259-7556
Lyon Stahl Investment Real Estate, Inc.
Molly First DRE #02065583, (310) 913-2488
Lyon Stahl Investment Real Estate, Inc.
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SB24070404
Price History for 775 Portola Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/10/2024 | $1,695,000 | Listed For Sale | CRMLS #SB24070404 |
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Comparable Sales for 775 Portola Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.30 | Multi-Family Home | $1,315,000 | 02/15/24 | 7 | 4 | 3,111 | |
0.19 | Multi-Family Home | $1,100,000 | 06/30/23 | 5 | 4 | 2,578 | |
0.57 | Multi-Family Home | $2,850,000 | 09/01/23 | 4 | 10 | 4,807 | |
0.36 | Multi-Family Home | $1,028,000 | 08/11/23 | 4 | 2 | 1,590 | |
0.76 | Multi-Family Home | $1,310,000 | 01/10/24 | 5 | 4 | 2,386 | |
1.24 | Multi-Family Home | $1,628,000 | 08/02/23 | 7 | 7 | 3,884 | |
0.68 | Multi-Family Home | $1,457,500 | 02/02/24 | 4 | 3 | 2,035 | |
0.82 | Multi-Family Home | $1,380,000 | 02/23/24 | 6 | 3 | 2,180 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Olde Torrance
- Trulia User
- Resident
- 1y ago
"there are nice neighborhoods and some busy streets but it's easy to pull into neighborhoods if needed "
- Trulia User
- Resident
- 1y ago
"Very nice neighborhood i feel very safe. neighbors are all friendly and kids play outside. no one’s ever speeding through the streets. it’s very quiet and walking distance to torrance high school "
- Trulia User
- Resident
- 1y ago
"Very quiet and calm neighborhood with great schools. Safe to walk at night and neighbors are quiet and friendly. Close to parks and schools."
- Trulia User
- Resident
- 2y ago
"Great neighborhood. Neighbors friendly, Safe and quiet. Close to fwy, shopping, food, Drs., beach, outdoor and other activities."
- Chris Mc
- Resident
- 2y ago
"My commute to Manhattan Beach is typically 25 minutes. Very hit and miss in terms of traffic oñ the 405 freeway. As little as 15 minutes. As much as 40 minutes. Taking side streets pretty much guarantees 30 minutes."
- Trulia User
- Resident
- 2y ago
"I've lived her for 2 years and I love it very good schools in the area and it's clean and well maintained quiet and not much crime."
- Chase.lindberg
- Resident
- 4y ago
"It’s quiet and growing quickly with exciting new family restaurants. It always feels safe and friendly."
- Danpadilla
- Resident
- 4y ago
"I live and work in Torrance, so my commute is very easy. When I worked in Santa Monica, my commute was 45 minutes during rush hour. 20 minutes late at night"
- Reducer62
- Resident
- 4y ago
"Lots of dog walkers. Very friendly neighbors. Lots of streets, alleys and a nearby park. Downtown is walkable and dog friendly as well. Several dog parks are a short driving distance. Several area restaurants are dog friendly as well. "
- Danpadilla
- Resident
- 4y ago
"The schools are good, the streets in the neighborhood are safe, but a bit too narrow. Wilson park has many sport facilities and classes. There is a miniature steam train that gives free rides once a month. Halloween is a big ocassion, with many homes going all out to entertain and give out candy"
- Tmorammh
- Resident
- 4y ago
"My commute is difficult. Basically the 405 freeway is difficult and there is no other way to work to therefore smile and drive"
- Danp
- Resident
- 4y ago
"Great suburban community with old California charm. Well maintained homes, and city services are outstanding. Businesses are becoming more upscale, but without becoming unapproachable."
- Kwan
- Resident
- 5y ago
"busy because high school is right next door and neighborhood streets are quite narrow. many students walking as well"
- Tsanagustin61
- Resident
- 5y ago
"great area to raise a family school district is great. many parks and activities to join. one of the best hospitals around Torrance memorial hospital. one of the largest indoor malls around."
- Tcmgal
- Resident
- 5y ago
"It’s a safe community with plenty of things to do for kids and adults alike. School system is one of the best in SoCal. Big city with a small town feel/ vibe. "
- Dmcnec
- Resident
- 5y ago
"It’s safer than average within boundaries. The train runs very close though this area. It’s noisy because of the train and traffic."
- dbldone
- 9y ago
"Lived here my whole life, so kinda prejudiced. But this is the ideal small town feel mixed with proximity to big city-best of both worlds. Went to Torrance high, great school AND great architecture. Foster Freeze a great hang out in high school, and in my 60s'. Love my home town!"
- David J. W.
- 13y ago
"Old Torrance between Torrance Blvd. and Carson Blvd. is one of the nicest, friendliest neighborhoods in the South Bay, with many little turnover and many long-time residents. A true find. Beech and Acacia are especially charming."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. 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
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
775 Portola Ave, Torrance, CA 90501 is a 8 bedroom, 8 bathroom, 3,650 sqft multi-family built in 1957. 775 Portola Ave is located in Olde Torrance, Torrance. This property is currently available for sale and was listed by CRMLS on Apr 10, 2024. The MLS # for this home is MLS# SB24070404.