19 days on rocket

775 Portola Ave, Torrance, CA, 90501

$1,695,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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775 Portola Ave, Torrance$1,695,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage6 spaces
Year Built1957
MLS #SB24070404
Lot Size0.13 Acres
StatusActive

About 775 Portola Ave

775 Portola Ave is an amazing opportunity to own six units offered at only $282k/unit. The subject property has over 50% upside in rental income. Whether you are long term or a value-add investor, the subject property is the perfect assets to help achieve your investment goals. 775 Portola Ave features a unit mix of (6) 1-Bed/1-Bath - each unit features 2 parking space (1 garage and 1 tandem), as well as washer/dyer hookups. Once fully rented for market and ADU is constructed ($300k), the property will operate at a 8.61% CAP and 7.64 GRM. This investment is located near Old Torrance- one of the more desirable pockets in Torrance. There are many shops and restaurants close by, as well as Del Amo Shopping Center. One of the highlights of Torrance is its excellent education system. The city is home to several top-rated public and private schools, providing residents with quality education options for their children.

Property Details

Property Features

Property Information:

  • Year Built: 1957
  • Stories: 2

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 259-7556
  • Listing Agent: Cameron Samimi

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 6 spaces

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

School Info

Assigned Schools Information:

  • Torrance High School, Public District Grades 9-12
  • Madrona Middle School, Public District Grades 6-8
  • Fern Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: 775 Portola Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,695,000

Tax Information:

  • Annual Amount: $2,802
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Torrance, CA.

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Torrance, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$679

Avg. Days On Market

19

# of Sold Homes

91

775 Portola Ave vs Torrance

19 DAYS ON ROCKET

-0 Day

$1,695,000

+$685.9K More

KEY TAKEAWAY

This property is $685.9K more than the Median Sold Price in Torrance, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24070404

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 259-7556
  • Listing Agent: Cameron Samimi

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 5:25:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,802$128,140
2020$2,740$126,827
2019$2,622$124,341
2018$2,533$121,904
2017$2,533$119,515

History based on county public records data.

Payment Calculator

$8,527

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,148

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3252822
7
/10

  • Fern Elementary School

  • 1314 Fern Ave

  • 0.71 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3252823
7
/10

  • Madrona Middle School

  • 21364 Madrona Ave

  • 1.37 miles

  • Public District Grades 6-8

High School

school-card-donut-3252824
8
/10

  • Torrance High School

  • 2200 W Carson St

  • 0.71 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $60,673. The most common annual income of people living in Torrance, CA is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 775 Portola Ave

What is the listing price of this property?

The listing price of 775 Portola Ave property is $1,695,000.

What type of property is this?

The property 775 Portola Ave is a condo located in Torrance, California, 90501.

Is this property for sale now?

Active Listing: 775 Portola Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 775 Portola Ave are:
Fern Elementary School: GreatSchools Rating 7/10
Madrona Middle School: GreatSchools Rating 7/10
Torrance High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,802 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 775 Portola Ave is 1957.

Rocket Homes›California›Los Angeles County›Torrance›90501›775 Portola Ave

This home is located at 775 Portola Ave in Torrance, CA and zip code 90501 in the South Bay neighborhood. This home, which was built in 1957, sits on a 0.13 acre lot. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $1,695,000.

In March 2024, from all listings sold in Torrance, CA there were more than 52 sold above asking price, over 31 sold below and more than 8 were sold right at the asked price. The inventory of homes for sale in Torrance, CA between February 2024 and March 2024 increased by 6.6%. While the average time on the market in March 2024 was 19 days, the median list price was $1,009,069.

From Rocket Homes Real Estate and based on county public records data.

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