$5,450,000
- Beds
- Unknown
- sq ft
- 16,464
2758 Orange Ave, Torrance, CA 90501
2758 Orange Ave
Torrance, CA 90501
- 5 days on market
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.
Details
Property type
Apartment
Lot size
0.5002 acres
Price per sq ft
$332
Year built
1964
Price History
07/01/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #PW24103226
Listed
$5,450,000
Schools & Community
Neighborhood:
Olde Torrance
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Park
Community features:
Park
Status: Active
Tomo last checked: 07/06/2024 at 2:05 AM
Listing updated: 07/01/2024 at 4:13 PM
Listed by: Shane Young, Younglewin Advisors, Inc. Phone #: (562) 318-0215
MLS: CRMLS #PW24103226
![CRMLS logo](/_next/static/media/crmlsLogo.7699ca4d.png)
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