Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW24103226
MLS Source
California Regional MLS
Interior Features
Appliances
Dishwasher, Other, Oven Range - Electric
Cooling
Window/Wall Unit
Heating
Electric
Parking, School, and Other Information
Garage/Parking
Carport, Detached, Gate/Door Opener, Other, Garage: 15 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
2758 Orange Ave is a Residential Income in Torrance, CA 90501. This – square foot property sits on a 21,789 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,310,000 and was built in 1964. This address can also be written as 2758 Orange Ave, Torrance, CA 90501.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Shane Young
