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$5,310,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 2758 Orange Ave

General

  • Sold For: $5,310,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW24103226
  • Added to Site: 604 day(s) ago

Interior

  • Interior Features: Balcony, Ceiling Fan(s), Copper Plumbing (Partial)
  • Appliances: Dishwasher, Electric Range, Gas Water Heater
  • Flooring: Carpet, Tile, Vinyl

Rooms

Other Rooms

  • Laundry: Common Area

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage Spaces: 15
  • Parking Features: Attached Carport, Detached Carport, Controlled Entrance, Driveway, Concrete
  • Parking: Attached Carport, Detached Carport, Controlled Entrance, Driveway, Concrete

Location

  • Area: 134 - Old Torrance
  • County: Los Angeles
  • Development Name: 134 - Old Torrance
  • Driving Directions: One block west of Sepulveda and Arlington Ave

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 16

Structural Information

  • Entry Location: Orange Ave
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 16,464
  • Year Built: 1964

Lot Features

  • Lot Size (Acres): 0.5002
  • Lot Size Source: Assessor
  • Zoning: TORR-MD
  • Lot Description: Front Yard, Value In Land

Financial Considerations

  • Price Per Sq. Ft.: $322.52
  • Price Per Unit: 363333

Listed by Younglewin Advisors, Inc., Shane Young
Sold by Kape Property Management, Inc., Benjamin Lester

Listing agent

— 2758 Orange Ave —

  • Shane Young

    Younglewin Advisors, Inc.

562-556-1118

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 2758 Orange Ave

School District:Torrance Unified School District
NameGradesDistance
Torrance Elementary School
2125 Lincoln Avenue, Torrance, CA 90501
PK-50.2 mi
J. H. Hull Middle School
2080 231st Street, Torrance, CA 90501
6-80.4 mi
Torrance High School
2200 West Carson Street, Torrance, CA 90501
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2758 Orange Ave

Date
Details
Price
Change
Source
11/07/2024
Sold
$5,310,000
-2.57%
MLS
7/01/2024
Listed
$5,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Younglewin Advisors, Inc., Shane Young
Sold by Kape Property Management, Inc., Benjamin Lester

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2758 Orange Avenue, Torrance, CA 90501 (MLS# PW24103226) is a Multi-Family property that was sold at $5,310,000 on November 07, 2024. Want to learn more about 2758 Orange Avenue? Do you have questions about finding other Multi-Family real estate for sale in Torrance? You can browse all Torrance real estate or contact a Coldwell Banker agent to request more information.