2758 Orange Avenue, Torrance (90501)
$5,450,000
0 
0
16,464
PROPERTY DETAILS
| Address: |
view address Torrance, CA 90501 Map Location |
Features: | Balcony, Multi-level |
|---|---|---|---|
| Square Feet: | 16,464 sq.ft. | Lot Size: | 21789.0 |
| Year Built: | 1964 | Property Type: | Apartment |
| County: | Los Angeles | List Date: | 2024-06-30 |
| Listing Number: | PW24103226 | Listed By: | Younglewin Advisors, Inc. |
| Listing Office: | 562-556-1118 | Days on market: | 67 |
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.
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Interior
Appliances
| Appliances: | Gas Water Heater, Electric Range, Dishwasher |
Features
| Flooring: | Vinyl, Tile, Carpet | Laundry Features: | Common Area |
| Laundry: | Yes | Interior Features: | Ceiling Fan(s) |
Cooling & Heating
| Cooling features: | Ceiling Fan(s), Wall/Window Unit(s) | Heating features: | Electric |
| Heating: | Yes |
Exterior
Exterior and Lot
| Lot features: | Front Yard |
Pool and Spa
| Pool Features: | None | Spa Features: | None |
| Spa: | Yes |
Parking
| Parking features: | Concrete, Attached Carport, Driveway, Detached Carport | Garage spaces: | 15 |
Property Features
| Exterior features: | Balcony |
Property and Lot Details
Features
| Community Features: | Park |
Other
| Sewer: | Public Sewer |
Fee
| Special Listing Conditions: | Standard |
Building Information
| Year Built: | 1964 | Levels: | Two |
| Stories: | 2 |
Lot
| Lot Dimensions: | 21789.0 |
Construction
| Building Area total: | 16464.0 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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