$665,000
●
House -
Off Market
2822 Olive Street
Torrance, CA 90501
3 Beds
2 Baths
975 Ft²
$977,551
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model
About This Property
"Fall-in-love" with this Charming 3 bed, 2 bath Old Town Torrance
Home nestled in a cul-de-sac on a 7,054 sq. ft. lot, WITH, a
detached, over-sized Garage/Storage building measuring 1,400 sq.
ft! First, walk into the tastefully remodeled living room
with recessed lighting and Brazilian cherry engineered hardwood
floors also found in the principle bedroom and hallway. Note
the double-pane windows throughout and beautifully upgraded kitchen
with granite counter-tops, stainless steel appliances and wood
cabinetry. There is central air/heat, copper plumbing and
newer electrical! Next, step outside to the privately gated
backyard Perfect for Family gatherings & Entertaining.
Lastly, take-in the Over-sized garage/storage building that
can house up to 3 vehicles and has a workshop that can actually fit
a 4th vehicle! There's enough space in the driveway to also store
an RV or Boat! You will LOVE this cozy little piece of
heaven...Must see to appreciate! Priced to sell! Submit ALL Offers!!!
Unit Size
975 Ft²
Days on Market
34 days
Land Size
0.16 acres
Price per sqft
$682
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 #PW19119229)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2019 | Sold | ||
| Sold | |||
| May 9, 2019 | Listed by Beach Cities Properties, Inc. | $665,000 | |
| Listed by Beach Cities Properties, Inc. | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
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Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Torrance
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Listed by: Monica Abundiz, Beach Cities Properties, Inc.
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW19119229
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW19119229
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