1141 Jay Street
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Great investment opportunity for someone looking to generate passive income! Torrance Duplex boasting two detached units. Consisting of a 2 bed/1 bath layout and separated by a nice block wall, the units have their own yards giving tenants privacy and their own exterior space. Each unit has its own gas (2 total) and electric meter […]
Description
Great investment opportunity for someone looking to generate passive income! Torrance Duplex boasting two detached units. Consisting of a 2 bed/1 bath layout and separated by a nice block wall, the units have their own yards giving tenants privacy and their own exterior space. Each unit has its own gas (2 total) and electric meter (2 total). Fresh paint paint, new carpet, and lighting can be found in all units. The front unit presents a private front/back yard, new kitchen cabinets, a 1 car garage complete with washer and electric dryer hookups. A roomy driveway, large front yard, and bonus area equipped with washer and electric dryer hookups are showcased in the back unit. Because the owner is only responsible for water, home insurance, and standard maintenance, the cash flow potential is very promising with market rent rates showing $2,500-$2,800/month earning potential. With some TLC, these units can definitely be leased at market rent! Conveniently located near the 110 FWY, UCLA Medical Center, The Links at Victoria Golf Course, Los Angeles Harbor College, and Ken Malloy Harbor Regional Park.
View full listing detailsListing Details
| Price: | $750000 |
|---|---|
| Address: | 1141 Jay Street |
| City: | Torrance |
| State: | California |
| Zip Code: | 90502 |
| MLS: | OC22205448 |
| Year Built: | 1954 |
| Acres: | 0.156 |
| Lot Square Feet: | 0.156 acres |
| clip: | 2280898592 |
|---|---|
| sewer: | Public Sewer |
| taxLot: | 23 |
| country: | US |
| garageYN: | yes |
| directions: | Main Cross Streets: W 223rd St & Normandie Ave |
| commonWalls: | No Common Walls |
| landLeaseYN: | no |
| lotFeatures: | Back Yard, Front Yard |
| lotSizeArea: | 6800 |
| waterSource: | Public |
| garageSpaces: | 1 |
| listingTerms: | Submit |
| lotSizeUnits: | Square Feet |
| parkingTotal: | 1 |
| lotSizeSource: | Assessor |
| rentControlYN: | yes |
| buyerFinancing: | Cash |
| commonInterest: | None |
| elevationUnits: | Feet |
| yearBuiltSource: | Assessor |
| operatingExpense: | 1392 |
| buildingAreaUnits: | Square Feet |
| numberOfBuildings: | 2 |
| waterSewerExpense: | 1392 |
| netOperatingIncome: | 44208 |
| numberOfUnitsTotal: | 2 |
| propertyAttachedYN: | no |
| grossScheduledIncome: | 45600 |
| listAgentStateLicense: | 01473012 |
| specialListingConditions: | Standard |
| numberOfSeparateGasMeters: | 2 |
| propertySubTypeAdditional: | Duplex |
| customPropertyDateModified: | 2022-10-31T18:41:09+00:00 |
| customPropertyDpResourceYN: | 1 |
| numberOfSeparateWaterMeters: | 1 |
| numberOfSeparateElectricMeters: | 2 |
| customPropertyOriginatingSystemKey: | 370008826 |
| customPropertyLeaseAmountPerAreaUnit: | Dollars Per Square Foot |
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