This is a multifamily property consist of 18 units, centrally located in a prime area near Torrance City Hall, Del Amo Mall, and the Torrance Financial District. The property is located in a desirable residential neighborhood, with surrounding streets lined with well-maintained family residences and multifamily properties, adding to the overall appeal and long-term investment stability of the area. The property features carport parking and a large parking area, providing convenience for residents. There is a tremendous value-add opportunity for investors to renovate the units and bring rental rates to market levels, creating the potential to accelerate appreciation and increase cash flow in this high-demand location.A strategic opportunity for portfolio growth through a value-add multifamily asset. The unit mix consists of 5 studios, 12 one-bedroom units, and 1 two-bedroom unit. In addition, the building features leased laundry machines conveniently located on the first floor, offering residents easy access to laundry facilities while providing supplemental income to ownership and contributing to increased net operating income (NOI). By upgrading and renting the units at market rates, along with implementing operational improvements like laundry income, investors will improve the property’s NOI, resulting in a higher capitalization rate (cap rate) and increased property valuation over time.
Property Details
Price:
$4,400,000
MLS #:
SB25162583
Status:
Active
Baths:
0
Address:
3536 Garnet Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
131westtorrance
City:
Torrance
Listed Date:
Jul 18, 2025
State:
CA
ZIP:
90503
Lot Size:
17,436 sqft / 0.40 acres (approx)
Year Built:
1961
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Schools
Interior
Exterior
Community
55+
Community Features
Sidewalks
Garage Spaces
18.00
Lot Features
16-20 Units/ Acre
Parking Spots
18.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Map
Community
- Address3536 Garnet Street Torrance CA
- Area131 – West Torrance
- CityTorrance
- CountyLos Angeles
- Zip Code90503
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3536 Garnet Street
Torrance, CA
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