CA > Torrance
Torrance, CA 90501,2758 Orange AVE
Torrance, CA 90501,2758 Orange AVE
Torrance, CA 90501,2758 Orange AVE
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$5,450,000
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0.5 Acres Lot
Pending

2758 Orange AVE Torrance, CA 90501

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Brad Hansen

Brad Hansen

+1(714) 697-3315

UPDATED:

10/30/2024 08:13 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW24103226

HOA Y/N No

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

Zoning TORR-MD

Rooms

Ensuite Laundry Common Area

Interior

Interior Features Balcony, Ceiling Fan(s)

Laundry Location Common Area

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Carpet, Tile, Vinyl

Fireplace No

Appliance Dishwasher, Electric Range, Gas Water Heater

Laundry Common Area

Exterior

Garage Attached Carport, Controlled Entrance, Concrete, Detached Carport, Driveway

Garage Spaces 15.0

Garage Description 15.0

Pool None

Community Features Park

Parking Type Attached Carport, Controlled Entrance, Concrete, Detached Carport, Driveway

Total Parking Spaces 15

Private Pool No

Building

Lot Description Front Yard, Value In Land

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7359013019

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Shane Young • Younglewin Advisors, Inc. • 562-556-1118

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Brad Hansen

Agent | License ID: 02107751

+1(714) 697-3315

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2758 Orange AVE