PRIME DEVELOPMENT OPPORTUNITY - 1311 W 218th St, Torrance is a unique opportunity to own a 3-unit residential income property with its 18,001 square foot lot. a transit priority area. ADU bonus rules. This pride of ownership asset is located within walking distance to Harbor-UCLA Medical Center. Amazing investment property! Have cash flow while you get permits with existing 3 homes and a huge 4 car garage that is approximately 1500 square feet! The main home offers 3 bedrooms and 2 bathrooms and has been recently renovated. This home has an updated kitchen and bath as well as central heat/AC. All units have newer roofs, dual pane windows and wood floors. The back homes each offer 2 bedrooms and 1 bathroom and are very nicely equipped. The grounds of the homes offer a park-like setting as each home has its own grass/yard area allowing plenty of space to relax and unwind in the beautiful Southern California sun. The entire perimeter of the property is surrounded by a privacy wall and the front entry is gated, There is also plenty of additional parking on the premises. The property is just a block from Western Ave and W Carson Ave in Torrance. Located in City of Los Angeles - Torrance P.O. Easy access to 110, 405, 710 & 91 freeways. This is truly a once in a lifetime opportunity for an investor or a family looking to share a property.
Sold for $1,550,000 on 11/13/23
Listing Provided by:
DeDe Hsu DRE #01023899 310-722-9222,
Keller Williams Palos Verdes
$1,550,000
1311 W 218th St, Torrance, CA 90501
--beds
--baths
2,773sqft
Triplex
Built in 1959
-- sqft lot
$1,513,400 Zestimate®
$559/sqft
$4,061 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 16, 2023 at 11:21am
Listing Provided by:
DeDe Hsu DRE #01023899 310-722-9222,
Keller Williams Palos Verdes
Bought with:
Regina Hoffman, DRE #01905428
eXp Realty of California Inc
Source: CRMLS,MLS#: PV23058371
Originating MLS: California Regional MLS

Facts & features
Interior
Appliances
- Laundry: In Kitchen, Outside
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,773
- Total interior livable area: 2,773 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Pool features: None
Lot
- Size: 0.41 Acres
- Features: 2-5 Units/Acre
Details
- Parcel number: 7346001046
- Zoning: LAR2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Torrance
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,1031 Exchange
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,513,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,513,400