2758 Orange Avenue, Torrance, CA 90501

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Glen Henderson

[email protected] +1(619) 889-7646

$5,450,000

Est. payment - /mo

7 Beds

7 Baths

0.5 Acres Lot

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UPDATED:

07/18/2024 11:08 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24103226

Bedrooms 7

HOA Y/N No

Lot Size 0.500 Acres

Type of Financing Cash

Property Description

We are pleased to present a 15 unit apartment community located at 2758 Orange Avenue in Torrance CA. Situated in Old Town, the subject property is proximate to many dining and entertainment options, and located on a quiet residential street. Current ownership has held this property for over 20 years and has maintained it particularly well including window roof and electric upgrades. Every subpanel has been upgraded in the units. 2758 Orange Avenue is an all electric building that benefits from a rare unit mix of mostly townhome style, two-story, condo quality floorplans. Amenities include oven range, large windows, vinyl plank flooring, and modern paint. The property also has ample parking, on-site laundry, private patios, and controlled gated access. Additionally a buyer has the opportunity to add up to 5 ADUs onsite. Priced attractively at over a 5.8% cap rate, and 11.43 GRM, the strong current cash flow with significant upside in NOI provides a rare value-add opportunity in a highly sought after submarket of the South Bay.
We are pleased to present a 15 unit apartment community located at 2758 Orange Avenue in Torrance CA. Situated in Old Town, the subject property is proximate to many dining and entertainment options, and located on a quiet residential street. Current ownership has held this property for over 20 years and has maintained it particularly well including window roof and electric upgrades. Every subpanel has been upgraded in the units. 2758 Orange Avenue is an all electric building that benefits from a rare unit mix of mostly townhome style, two-story, condo quality floorplans. Amenities include oven range, large windows, vinyl plank flooring, and modern paint. The property also has ample parking, on-site laundry, private patios, and controlled gated access. Additionally a buyer has the opportunity to add up to 5 ADUs onsite. Priced attractively at over a 5.8% cap rate, and 11.43 GRM, the strong current cash flow with significant upside in NOI provides a rare value-add opportunity in a highly sought after submarket of the South Bay.

Location

State CA

County Los Angeles

Area Torrance (90501)

Zoning Assessor

Interior

Heating Electric

Cooling Wall/Window

Air Conditioning Wall/Window

Building

Story 2

Level or Stories 2 Story

Others

Miscellaneous Value in Land

Acceptable Financing Cash

Space Rent $2,595

Listing Terms Cash

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Listed by Shane Young • Younglewin Advisors, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2758 Orange Avenue Torrance, CA 90501

Glen Henderson

Glen Henderson

Key Details

Location

Interior

Building

Others

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