2758 Orange Avenue, Torrance, CA 90501 (MLS # PW24103226)

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PRICE $5,450,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 16,464 sqft
LOT SIZE 21,789 sqft
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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.

DAYS ON MARKET 69 LAST UPDATED 7/1/2024
YEAR BUILT 1964 COMMUNITY Old Torrance
GARAGE SPACES 15.0 COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Electric Range, Gas Water Heater
AREA Old Torrance
GARAGE Attached Carport, Concrete, Controlled Entrance, Detached Carport, Driveway, Yes
HEAT Electric
INTERIOR Balcony, Ceiling Fan(s)
LOT 0.5 acre(s)
LOT DESCRIPTION Front Yard, Value In Land
PARKING Attached Carport,Controlled Entrance,Concrete,Detached Carport,Driveway
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
WATER Public
ZONING TORR-MD
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Younglewin Advisors, Inc.

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