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.
Property Details
Price:
$5,450,000
MLS #:
PW24103226
Status:
Active
Baths:
0
Address:
2758 Orange Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
134oldtorrance
City:
Torrance
Listed Date:
Jul 1, 2024
State:
CA
ZIP:
90501
Lot Size:
21,789 sqft / 0.50 acres (approx)
Year Built:
1964
See this Listing
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Schools
Interior
Appliances
Dishwasher, Electric Range, Gas Water Heater
Cooling
Wall/ Window Unit(s)
Flooring
Carpet, Tile, Vinyl
Heating
Electric
Interior Features
Balcony, Ceiling Fan(s), Copper Plumbing Partial
Exterior
Community Features
Park
Garage Spaces
15.00
Lot Features
Front Yard, Value In Land
Parking Features
Attached Carport, Detached Carport, Controlled Entrance, Driveway, Concrete
Parking Spots
15.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity
Map
Community
- Address2758 Orange Avenue Torrance CA
- Area134 – Old Torrance
- CityTorrance
- CountyLos Angeles
- Zip Code90501
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Courtesy of Younglewin Advisors, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2758 Orange Avenue
Torrance, CA
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