23823 Audrey Ave, Torrance, CA 90505

Property Description

Beautifully and completely remodeled just 2 years ago, a 4 unit complex in prime South Torrance location with amazing curb appeal. Drought resistant landscaping in front and along side of property make it appealing to owners and tenants alike. Walking distance to Lago Seco park and many shops, grocery store, and restaurants, and just a short bike ride to the Riviera Village. Each unit has wood laminate floors in common areas, tile floors in the kitchens and baths, and carpet in the bedrooms, Granite counters in baths and kitchens. Extensive, long-term foundation work done. New roof, copper plumbing, extensive gutters and downspouts, etc. This is a TURNKEY property. SCHOOLS: South High School, Calle Mayor Middle School, and Arnold Elementary School. 
 **Great property for investors** A totally remodeled 4plex at a "4+" cap is SO rare (and getting rarer!)! Great mix, too. An Owner's unit with a true master bedroom .. plus the other three units are all 2 bedrooms. LARGE building, at 4,410 SF. A homeowner could even buy this property and call the front unit home. GRM is 15.99 at proforma rents/laundry.
 ***COMPS: My 4 unit at 21107 Ladeene closed at $1,660,000, which is $65,000 over list price. That comp clearly supports Audrey at full price.