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Under contract
  • Listing Provided by: 

    Amy Weber DRE #01946366 amyweberre@gmail.com,

    COMPASS

    $2,750,000

    1502 W West 205th St, Torrance, CA 90501

    18beds
    18baths
    --sqft
    : 
    Multi Family
    Built in 2024
    -- sqft lot
    $2,636,400 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Two-car garageLuxury unitsSix parking spacesTwo separate driveways
    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 90% completed, the property is expected to be ready for final completion and a Certificate of Occupancy in approximately 30 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!
    189 days
    on Zillow
    |
    21
    |
    0
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    Zillow last checked: 7 hours ago

    Listing updated: June 03, 2025 at 02:54pm

    Listing Provided by:

    Amy Weber DRE #01946366 amyweberre@gmail.com,

    COMPASS

    Source: CRMLS,MLS#: P1-20966MLS LogoOriginating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 18
    • Bathrooms: 18
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Gas Cooktop
    • Laundry: Washer Hookup, Gas Dryer Hookup
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No One Above

    Property

    Parking
    • Total spaces: 8
    • Parking features: Driveway, Garage, On Street
    • Garage spaces: 2
    Features
    • Pool features: None
    • Spa features: None
    • Fencing: Block,Wrought Iron
    • Has view: Yes
    • View description: None
    Lot
    • Size: 7,006 Square Feet
    • Features: Sprinklers None
    Details
    • Parcel number: 7351014015
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: Yes
    • Year built: 2024

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Street Lights
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
    • Subdivision: Not Applicable
    Location
    • Region: Torrance

    Financial & listing details

    • Date on market: 2/23/2025
    • Cumulative days on market: 190 days
    • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
    • Tenant pays: All Utilities
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