2758 Orange Avenue
Torrance, CA 90501
Active for $6,500,000
Beds: 29 Baths: 28 Structure Size: 16,464 sqft Lot Size: 21,789 sqft
MLS | 25494553 |
Year Built | 1964 |
Property Type | |
County | Los Angeles |
Status | Active |
Active | $6,500,000 |
Structure Size | 16,464 sqft |
Lot Size | 21,789 sqft |
Beds | 29 |
Baths | 28 |
Description
We are pleased to present this turnkey 15-unit townhome-style apartment community in the heart of Old Torrance. This asset includes two (2) 3-bed/2-bath, ten (10) 2-bed/1.5 bath, one (1) 1-bed/1.5 Bath, (2) 1-bed/1-bath. GREAT ADU potential (15 on site parking spaces). 12 of the 15 units have been remodeled and professionally designed with high-end finishes. Major CAPEX projects have been completed over the last year including complete electrical panel replacements (main panel and all subpanels), partial roof replacement (the rest is in good shape), new exterior paint, gutters and lighting. 13 units have private patios too. All units share a laundry room, recently upgraded with Shinepay equipment = extra income! All units are occupied by qualified, long-term, at/near market tenants. Buyer will have opportunity to add 5 ADU's. NO LOCAL RENT CONTROL - subject to only AB 1482. Located in the highly desirable Old Torrance Neighborhood, just minutes from Del Amo, Old Torrance stores, and the beach.
Listing information courtesy of: Noam Srolovitz, Kape Property Management, Inc. 310-912-7808. *Based on information from the Association of REALTORS/Multiple Listing as of 02/13/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.