Beautiful DUPLEX in highly desirable Old Town Torrance featuring two 2 bed and 1 bath units and a detached garage with potential to be converted to ADU. Great school district, safe neighborhood and just 4 miles to the beach! Both units have their own backyard and washer dryer hookups, which are rare for the area. Units are in excellent condition, with one recently updated in 2018 - quartz countertops, stainless steel appliances, full bathroom update, and dual pane windows. Strong rental demand in the area. Current rents are close to market rates with easily-realizable upside. Great tenants in place. One tenant is on month-to-month, while the other tenant's lease ends Sept 30th. Can show proof of on-time payments (even through COVID) upon accepted offer. The garage is not included in either tenant's lease and street parking in this corner lot is easily accessible should one decide to convert the garage to an ADU. Perfect for investors, multi-generational families and savvy buyers who want to live in one and rent the other, with huge upside in converting the garage to an ADU. Plans and permits are currently in process with the City. Seller can provide the buyer with plans, if needed. Do not disturb Tenants! Call today before this one is gone!--
Listing courtesy of BENJIE DEVERA from PHILOSOPHY INTERNATIONAL REALT
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