22617 Meyler Street, Torrance, CA 90502

About this property

Five houses and a duplex on an gigantic lot in a nice area of the Unicorporated County Post Office. Three 2 car garages. The duplex is built over 4 one car garages. Additional parking for up to 20 other cars. Convert garages or build four to six Assessory Dwelling Units (ADU's). Rents are extremely low and property has deffered maintainence. Current rents have a 100% upside. County area is subect to State of California Rent Control SB1492. Both properties have long driveways. Common sewer line down center of property. Four separate parcels being sold as one property. Fantastic opportunity to add additional units or redevelop. Buyer is advised to check with BOTH the County of Los Angeles and the State of California regarding redevelopment.

Listing description from the February 2024 sale, as reported to CRMLS.

Sale history

$1,880,000

Sold February 2024 · listed $2,195,000, orig. $2,500,000, on market October 2023 · MLS #SB23185183 · Source: CRMLS

Listing Agent: John Fields · Listing Office: Bonanza Realty · Contact: 310-617-5850 · Bought with: John Fields · Bonanza Realty

$1,900,000

Sold February 2024 · listed $2,195,000, orig. $2,500,000, on market October 2023 · MLS #SB23183298 · Source: CRMLS

Listing Agent: John Fields · Listing Office: Bonanza Realty · Contact: 310-617-5850 · Bought with: John Fields · Bonanza Realty

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