1
Map
$1,000,000
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House -
Off Market
2405 Apple Avenue
Torrance, CA 90501
3 Beds
2 Baths,
1
Half Bath
2,096 Ft²
$1,539,962
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model
About This Property
Mid-Century Contemporary located on a relaxing & peaceful
cul-de-sac. Extensively remodeled and updated one story residence
boasting almost 2,100 sq. ft. of living space on a 8,260 sq. ft.
street to alley lot. Per the city of Torrance the zoning will allow
up to 4 condos to be built on the site (buyer to verify). The
beautifully remodeled kitchen opens to the spacious great room
featuring wide plank flooring, recessed lighting and surround sound
audio. The kitchen features quartz counter tops, beautiful
cabinetry, stainless steel appliances, counter seating plus a
breakfast nook. The separate family room offers a wood burning
fireplace, beamed ceiling and surround sound audio. The master
suite retreat includes a luxurious master bath with a large soaking
tub, dual vanities and an over sized shower with rain fall shower
head. Large windows, skylights and sliding glass doors fill the
residence w/natural lighting. Tranquil rear yard with patio/sitting
area - perfect for entertaining. Large bonus/storage room located
next to the detached two car garage. Close to area schools,
shopping and freeway access.
Unit Size
2,096 Ft²
Days on Market
50 days
Land Size
0.19 acres
Price per sqft
$486
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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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: 5 months ago (CRMLS #SB18179380)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2018 | Listed by Horrell Realtors | $1,018,000 | |
| Listed by Horrell Realtors | |||
| Jul 13, 2017 | Listed | $999,000 | |
| Listed | |||
| | |||
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You'll love this charming home situated in a friendly, quiet neighborhood. This property is packed with potential for a developer with the opportunity to build up to 3 units on this lot. It's also a perfect move-in ready home for a single family. The potential for this property is endless. As you step inside to the living room you'll notice the beautiful hardwood floors flowing throughout most of the home. The kitchen features updated appliances, ample cabinet space and a beautiful skylight letting the California sunshine pour in. Off the kitchen, you'll find 2 more bedrooms and an updated bathroom along with the master bedroom and en suite bath, as well as fantastic double sliding glass doors leading out to the patio and backyard. The backyard is the crown jewel of this charming home, perfect for entertaining or planting your dream garden. Towards the back of the yard you'll find the spacious garage and storage room. So, come pick some blackberries from the flourishing blackberry bushes and sit in the shade under one of the many trees in your own private oasis, welcome home!The manager has listed the unit size as 2096 square feet.
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Torrance
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Listed by: Jay Horrell, Horrell Realtors
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SB18179380
Last Updated: 5 months ago
Data Source: CRMLS, MLS# SB18179380
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