$1,199,500
●
House -
Off Market
1708 Iris Avenue
Torrance, CA 90503
3 Beds
2 Baths
1,698 Ft²
$5,890
Est. Monthly
About This Property
Special 3 bedroom 2 (1+3/4) bath home in the Torrance Gardens area
on a large corner lot - enter this wonderful home on hardwood
floors - retro kitchen with tile counters, lots of cabinets,
Western Holly oven, dishwasher, garden window and eating area -
spacious inviting living room with high ceiling, several wood
beams, hardwood floors and a brick fireplace - the living room is
the center piece of this home great for relaxing, entertaining and
parties - private master bedroom with new carpet and 3/4 bath - all
bedrooms are goods size - formal dining room with chandelier and
hardwood floors -
individual laundry room - enclosed patio for additional space before entering the landscaped backyard - attached garage with auto opener and direct access to the laundry room and into the kitchen - forced air heating + newer dual pane windows (not all) + copper plumbing (verify) + new carpet in bedrooms and more - convenient to award winning schools + freeway access + shopping + restaurants + medical + parks and only a 10 to 15 ride to the beach - great opportunity to get in the neighborhood - what are you waiting for ?
individual laundry room - enclosed patio for additional space before entering the landscaped backyard - attached garage with auto opener and direct access to the laundry room and into the kitchen - forced air heating + newer dual pane windows (not all) + copper plumbing (verify) + new carpet in bedrooms and more - convenient to award winning schools + freeway access + shopping + restaurants + medical + parks and only a 10 to 15 ride to the beach - great opportunity to get in the neighborhood - what are you waiting for ?
Unit Size
1,698 Ft²
Days on Market
47 days
Land Size
0.17 acres
Price per sqft
$706
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1954
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (CRMLS #SB24123372)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Jun 26, 2024 | Listed by Compass | $1,199,500 | |
| Listed by Compass | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Torrance
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Listed by: Raymond Millman, Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# SB24123372
Last Updated: 3 years ago
Data Source: CRMLS, MLS# SB24123372
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