1913 Cabrillo Avenue

Torrance, CA 90501

$3,900,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $782 / sqft

1930

calendar_month Built

Property Description

All units leased with potential to add an additional unit! We are proud to present a unique opportunity to acquire a fully renovated 6-unit apartment building in the heart of Old Town Torrance. Nearly new construction, every part of the property has been rebuilt from the bare studs, including all-new main systems and units. The property has undergone extensive capital improvements with current ownership spending about $2M to restore the property to brand new condition. The quality of construction is top notch and ownership left no stone unturned during the process. Originally constructed in 1930 as one of Torrance's first hotels, the property brings historic charm and modern convenience. The buildings feature brand new roofs, PEX plumbing, ABS sewer lines, brand new electrical, vinyl windows, central air conditioning/heat in the front building and mini-split systems in the back building, new exterior paint, individual tankless water heaters, new decks/railings, solar panels for two units, new garage doors and new landscaping. All unit interiors have been completely gutted and the finishes include quartz countertops, custom white shaker cabinets, stainless steel appliances, luxury vinyl plank flooring, LED lighting, washer/dryers, new vanities, and custom tile showers. The property is composed of two structures. There is a front building which includes 4 units and the rear building that has the remaining 2 units. Each unit is unique, and all units feature either private yards/patios or private balconies. One unit even has a 120 sq ft basement. The back building has two upstairs units that sit on top of 4 single car garages. In between the two buildings lies a nice courtyard for tenants to enjoy. Located in the heart of Old Town Torrance, this property enjoys proximity to a plethora of amenities, including eclectic shops, trendy eateries, and cultural landmarks. With easy access to major transportation routes and close proximity to the beach, residents will relish in the convenience of urban living combined with coastal relaxation. With its prime location, upscale renovations, and desirable amenities, this apartment building presents a compelling investment opportunity. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking to enter the market, this property offers the potential for strong rental income and long-term appreciation.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Vinyl
Fireplace Information
Features None
Interior Information
Cooling Type Central Air

Listing Information

Address 1913 Cabrillo Avenue
City Torrance
State CA
Zip 90501
County Los Angeles
Listing Agent John Katnik DRE#02002695
Courtesy Of BRC Advisors- BH
MLS 24371797
List Price $3,900,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 6,302
Year Built 1930
DOM 81

Exterior Information

Maps

Listing information courtesy of: John Katnik, BRC Advisors- BH . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 13th, 2024 at 12:51 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.