2758 Orange Avenue, Torrance, CA 90501
- $5,450,000
- $331
- $5,450,000
- $331
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.
Address
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Address: 2758 Orange Avenue
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City: Torrance
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State/county: CA
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Zip/Postal Code: 90501
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Area: 134 - Old Torrance
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Country: United States
Details
Updated on July 15, 2024 at 7:33 am-
Property ID SGR-33285546
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Price $5,450,000
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Land Area 21789.00 m²
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Garages 15.00
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Year Built 1964
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Property Type Residential Income
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Property Status For Sale
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Living Area 16464.00
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MLS# PW24103226
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Office Name YOUNGLEWIN ADVISORS, INC.
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Agent Name Shane Young
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 01963090
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IDX Contact Info 562-556-1118
Additional details
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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Heating Electric
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Flooring Carpet,Tile,Vinyl
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County Los Angeles
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Property SubType Apartment
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Parking 15.00
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Water Source Public
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