2758 Orange Avenue

Torrance, CA 90501

$5,450,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $331 / sqft

1964

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Carpet, Tile, Vinyl
Interior Information
Features Balcony, Ceiling Fan(s), Copper Plumbing Partial
Cooling Type Wall/Window Unit(s)

Listing Information

Address 2758 Orange Avenue
City Torrance
State CA
Zip 90501
County Los Angeles
Listing Agent Shane Young DRE#01963090
Courtesy Of Younglewin Advisors, Inc.
MLS PW24103226
List Price $5,450,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 21,789
Year Built 1964

Exterior Information

Maps

Listing information courtesy of: Shane Young, Younglewin Advisors, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 1st, 2024 at 4:08 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.