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$17,999,999

Beds
Unknown
sq ft
Unknown

24065 Ocean Ave, Torrance, CA 90505

24065 Ocean Ave

Torrance, CA 90505

  • 11 days on market
**Rare Opportunity: Prime Multi-Family Investment Property in Torrance!** For the first time in nearly 40 years, "Ocean House," a meticulously maintained 54-unit property, is available in Torrance’s most desirable neighborhood. This property offers exceptional amenities, including a solar-heated swimming pool surrounded by lush landscaping, serene interior gardens, and updated on-site laundry facilities, delivering both comfort and convenience for residents. The thoughtfully designed unit mix features one-bedroom units and two-bedroom units, catering to a wide range of renters and budgets. Located in South Torrance, Ocean House offers proximity to pristine beaches, shopping, dining, parks, top-rated schools, and major transportation routes, combining the convenience of urban living with the tranquility of a suburban setting. The property has been meticulously maintained, with a new roof installed in May 2023, reflecting its excellent upkeep and attention to detail. **Disclaimer:** The information provided is subject to change.

Details

Property type

Apartment

Lot size

1.2722 acres

Price per sq ft

Unknown

Year built

1962

HOA

No

Price History

12/11/2024
CRMLS

CRMLS #SB24247906

Listed
$17,999,999

Schools & Community

Neighborhood: 

Walteria

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Park

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

May 2021

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

2.84%

Loan type

Commercial

Seller

Liquid Abode Lp

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 10:40 AM

Listing updated: 12/11/2024 at 1:50 PM

Listed by: Theodore Gardner, Gardner Phone #: (310) 377-9571

MLS: CRMLS #SB24247906

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