2758 ORANGE AVE TORRANCE, CA 90501

Features

• Lot Size: 0.5002 acres
• Total Units: 15
• Stories: 200
• Roof Type: FLAT
• Heating: 24
• Construction Type: Wood
• Exterior Walls: Stucco

Facts

• Year Built: 01/01/1964
• Property ID: 898247676
• MLS Number: PW24103226
• Parcel Number: 7359-013-019
• Property Type: Townhouse or Condo
• County: Los Angeles
• Legal Description: TRACT # 1952 SW 66 FT OF LOT/SEC 7 BLK/DIV/TWN 300
• Zoning: TORR-MD

Description

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

This listing is NOT a foreclosure. 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.