If your looking to buy in a beautiful area of Torrance at an amazing price now is your chance! This 1st level condo is located in beautiful old-town Torrance within walking distance to all the local shops, bars and restaurants. When you enter the front door of the condo your immediately in the kitchen and spacious living area with plenty of light coming from the large sliding glass door that leads to your balcony with a wonderful view. The master bedroom has a master bathroom and a walk-in closet. Each unit comes with 1 storage unit and 1 parking space. The property located within the Brisas del Sol condominium complex at 1201 Cabrillo Avenue, Torrance is governed by an Affordability Agreement. The City of Torrance must approve the transfer of ownership of this property to ensure that the buyer’s household income and the sale price comply with the Agreement. A potential buyer income must meet the moderate household income set by California Housing and Community Development Department for Los Angeles County, which are as follows for 2021: 1 person household-$67,200, 2 person household-$76,800. All income of the buyer’s household will be considered. Income from person(s) who will not residing on the property shall not be included. In accordance with the Affordability Agreement which the property owner is bound by, the property cannot be rented and shall be owner occupied. A one-time gift for the down payment may be allowed. The sales price is not based on market value. In accordance with the Affordability Agreement, the maximum sales price is based on the housing expenses for moderate income household not exceeding 35% of 110% of area median income. OWNER OCCUPIED- DO NOT GO DIRECT!