Sold
Closed
2758 Orange Avenue
Torrance CA, 90501
$5,310,000
$322.52 per sqft
Sold
Closed
16,464 sqft
Condos
Built in 1964
Listed by Shane Young with Younglewin Advisors, Inc. 562-556-1118
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.
PW24103226
MLSⓇ ID
July 1, 2024
Listed
December 5, 2024
Updated
Map
2758 Orange Avenue
Torrance CA, 90501
Interior Features
Total Stories
2
Interior Features
Balcony, Ceiling Fan(s)
Appliances
Dishwasher, Electric Range, Gas Water Heater
Laundry Description
Common Area
Floor Description
Carpet, Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.5 Acres
Lot Features
Front Yard, Value In Land
Sewer
Public Sewer
Other Property Details
Area Name
134 - Old Torrance
Days on Market
121
Garage
Yes
Garage Spaces
15
Parking
Attached Carport, Controlled Entrance, Concrete, Detached Carport, Driveway
Parking Total
15
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
TORR-MD
Listing History
Date | Event | Price |
|---|---|---|
11/7/2024 | Sold | $5,310,000 |
10/30/2024 | Pending | — |
Listing Contact: 562-318-0215
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 12:15 PM UTC