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$2,800,000

Beds
Unknown
sq ft
Unknown

1502 W 205th St, Torrance, CA 90501

1502 W 205th St

Torrance, CA 90501

  • 36 days on market
This 2025 Brand new construction, modern multi-unit property offers incredible potential for investors seeking high-quality units in a rapidly appreciating area without the constraints of rent control. With two of the five units designated as affordable housing, the property provides long-term appreciation, tax benefits, and an unparalleled low-risk investment opportunity. Situated in a coveted Opportunity Zone, this asset represents a rare chance to secure a prime piece of real estate at an excellent price. The property sits on a 7,006 sqft lot with a total living space of 9,000 sqft. It features 18 bedrooms and 18 bathrooms across five luxury units. Tenants pay their own utilities, and the property is equipped with paid-off solar for significant energy savings. Two separate driveways, six parking spaces, and a two-car garage provide added convenience for both tenants and owners. Currently 85% completed, the property is expected to be ready for final completion and a Certificate of Occupancy in approximately 60 days. This presents a great opportunity to acquire a property just before it reaches full occupancy and maximizes its investment potential. Located near the vibrant Old Town Torrance, residents will enjoy easy access to high-end restaurants, trendy shops, and local amenities.Don't miss the chance to own a brand-new, high-quality property in this prime location. With immediate income potential, low-risk long-term benefits, and a community-focused investment, this multi-unit property is an opportunity you won't want to let slip away. Act now to secure this amazing asset for your portfolio!

Details

Property type

Apartment

Est. home value

$861,386

Property condition

New Construction

Lot size

7,006 sq ft

Price per sq ft

Unknown

Year built

2024

Price History

02/23/2025
CRMLS

CRMLS #P1-20966

Listed
$2,800,000
+211.11%
05/24/2022
CRMLS

CRMLS #SB22083563

Sold
$900,000

Schools & Community

Neighborhood: 

Harbor Gateway

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Street Lights

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Arixa Enhanced Income Fund Lp

Loan start date

May 2022

Original loan amount

$810,000

Est. remaining balance

Not provided

Interest rate

4.16%

Loan type

Commercial, 1 year

Seller

Dginger Group Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/31/2025 at 2:10 AM

Listing updated: 02/24/2025 at 12:39 PM

Listed by: Amy Weber, Amy Weber, COMPASS Phone #: (626) 205-4040

MLS: CRMLS #P1-20966

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