tomo logo

$1,300,000

Beds
Unknown
sq ft
Unknown

20414 Kenwood Ave, Torrance, CA 90502

20414 Kenwood Ave

Torrance, CA 90502

  • 27 days on market
This 5-unit property presents a fantastic opportunity for owner-users or developers alike. With its desirable unit mix and over 7,000 sqft of flat land on the adjoining lot, it’s perfect for those looking to maximize rental income or explore development possibilities. The bungalow-style units offer a charming layout, contributing to consistent occupancy—vacancy has been virtually non-existent for decades. Whether you’re seeking a solid investment or a place to call home while generating income, this property has it all! Seller Financing Available.

Details

Property type

Apartment

Est. home value

$885,342

Lot size

7,841 sq ft

Price per sq ft

Unknown

Year built

1925

Price History

11/11/2024
CRMLS

CRMLS #SR24221938

Price change
$1,300,000
+4%
10/31/2024
CRMLS

CRMLS #SR24221938

Price change
$1,250,000
-3.85%
10/31/2024
CRMLS

CRMLS #SR24221938

Listed
$1,300,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Park, Street Lights, Sidewalks

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

Dmc Inc

Loan start date

April 2021

Original loan amount

$670,000

Est. remaining balance

Not provided

Interest rate

3.02%

Loan type

Commercial

Seller

Melody Llc

Lender

Pmf Ca Reit Llc

Loan start date

April 2019

Original loan amount

$535,000

Est. remaining balance

Not provided

Interest rate

4.35%

Loan type

Building or Construction Loan

Seller

Melody 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: 11/22/2024 at 1:45 AM

Listing updated: 11/11/2024 at 1:35 PM

Listed by: Mark Pinzon Jimenez, Luxury Collective Phone #: (310) 909-3464

MLS: CRMLS #SR24221938

CRMLS logo

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