$5,450,000
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2758 Orange Avenue Torrance, CA 90501
Apartment
Residence
Beds
Baths
...
Bed/Bath
16,464
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 yea...rs 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.
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MLS#
PW24103226
Property Type
Apartment
Year Built
1964
Square Feet
16,464
sq. ft
Lot Size
0.5
Stories
2.0
Sewer
Public Sewer
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Source: Walk Score®
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