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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
Number of Units : 15
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 1
Unit 1 : Total Bathrooms : 2
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 1
Unit 2 : Total Bathrooms : 1
Unit 3 : Number of Unit(s) : 3
Unit 3 : Total Bedrooms : 2
Unit 3 : Total Bathrooms : 2
Unit 4 : Number of Unit(s) : 4
Unit 4 : Total Bedrooms : 3
Unit 4 : Total Bathrooms : 2
Cooling : Wall/Window
Heat Source : Electric
Water Heater Type : Gas
Zoning : Assessor
Miscellaneous : Value in Land
PROPERTY DETAILS
Street Address: Address not disclosed
City: Torrance
State: California
Postal Code: 90501
County: Los Angeles
MLS Number: PW24103226
Courtesy of Younglewin Advisors, Inc.
City: Torrance
State: California
Postal Code: 90501
County: Los Angeles
MLS Number: PW24103226
Courtesy of Younglewin Advisors, Inc.
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