tomo logo

$985,808Estimated home value

Beds
8
sq ft
2,984

1624 W 206th St, Torrance, CA 90501

1624 W 206th St

Torrance, CA 90501

  • Sold On 7/26/2024
Amazing investment opportunity! Best income to cost ratio in the area, don't pass this opportunity up or you'll regret it. This four-unit building includes a BRAND NEW 2 bedroom 1 bath unit, and 3 other two bedroom one bath units. The new unit comes complete with a/c in each room, shaker cabinets, tiled showed, luxury plank vinyl flooring and stainless-steel appliances. Plentiful parking in the driveway for each unit, and the back three units each have a large outdoor storage shed. There is a separate laundry room with a coin-operated washer and dryer for the convenience of the tenants. All four existing tenants have a longstanding history of paying rent in a timely manner, even during COVID. Building features new foundation reinforcing, gutters and more. This building is well maintained and is centrally located to shops, dining and freeway. Drive by only! Access to units with accepted offer.

Details

Property type

Est. home value

$985,808

Lot size

7,001 sq ft

Price per sq ft

$401

Year built

1954

HOA

No

Price History

07/26/2024
CLAW

CLAW #24348875

Sold
$1,195,000
07/11/2024
CLAW

CLAW #24348875

Pending
$1,195,000
01/20/2024
CLAW

CLAW #24348875

Listed
$1,195,000
+16.02%

Schools & Community

Neighborhood: 

Harbor Gateway

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

Bmo Bank Na

Loan start date

January 2024

Original loan amount

$829,000

Est. remaining balance

Not provided

Interest rate

7.5%

Loan type

New Conventional, 30 year

Seller

Joshua Kamali and Negin Kamali

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: Off Market

Tomo last checked: 10/04/2024 at 9:45 PM

Listing updated: 07/26/2024 at 2:05 PM

Listed by: Marcus Kassin, Coldwell Banker Realty Phone #: (310) 777-6200

MLS: CLAW #24348875

CLAW logo

Recently listed in Torrance

$1,050,000|2 bd|1.0 ba|House
$1,200,000|4 bd|2.0 ba|House
$1,249,000|3 bd|2.0 ba|House
$1,199,000|3 bd|2.5 ba|House
$975,000|3 bd|2.5 ba|Townhouse
$1,095,000|3 bd|2.5 ba|Townhouse
$949,000|4 bd|2.0 ba|House
$1,035,000|3 bd|3.0 ba|Townhouse
$1,399,000|3 bd|1.75 ba|House