Torrance, CA 90501,2758 Orange AVE
Torrance, CA 90501,2758 Orange AVE
Torrance, CA 90501,2758 Orange AVE
11
$5,310,000
$5,450,000
2.6%
Est.Price: ?

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0.5 Acres Lot

2758 Orange AVE Torrance, CA 90501

Est. payment /mo
SOLD DATE : 11/07/2024

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Key Details

Sold Price $5,310,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW24103226

Sold Date 11/07/24

Originating Board California Regional MLS

Year Built 1964

Lot Size 0.500 Acres

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.

Location

State CA

County Los Angeles

Area 134 - Old Torrance

Rooms

Kitchen Dishwasher, Other, Oven Range - Electric

Interior

Heating Electric

Cooling Window / Wall Unit

Laundry Laundry Area

Exterior

Garage Carport , Detached Garage, Gate / Door Opener, Other

Garage Spaces 15.0

Pool 31, None

Building

Water District - Public

Others

Tax ID 7359013019

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Shane Young • Younglewin Advisors, Inc.
Bought with Benjamin Lester

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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