Contact Us
Details
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 FEATURES
Sewer: Public Sewer
Water Source: Public
# of Garage Spaces: 15.00
# of Parking Spaces: 15.00
Lot Features: Front Yard,Value In Land
Parcel Identification Number: 7359013019
Cooling: Has Cooling
Heating: Has Heating
Heating Type: Electric
Cooling Type: Wall/Window Unit(s)
Flooring: Carpet,Tile,Vinyl
Year Built Source: Assessor
Common Walls: 2+ Common Walls
Appliances: Dishwasher,Electric Range,Gas Water Heater
Laundry Features: Common Area
Laundry: Has Laundry
Zoning: TORR-MD
MLSAreaMajor: 134 - Old Torrance
PROPERTY DETAILS
Street Address: 2758 Orange Avenue
City: Torrance
State: California
Postal Code: 90501
County: Los Angeles
MLS Number: PW24103226
Year Built: 1964
Courtesy of Younglewin Advisors, Inc.
City: Torrance
State: California
Postal Code: 90501
County: Los Angeles
MLS Number: PW24103226
Year Built: 1964
Courtesy of Younglewin Advisors, Inc.
Similar Properties
$15,000,000
786,994 Sqft
Courtesy of Butcher Realty
$6,499,000
Courtesy of Century 21 Union Realty
$5,450,000
Courtesy of Younglewin Advisors, Inc.