0.32 Acres Lot
0.32 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26098719
HOA Y/N No
Rental Info 12 Months
Year Built 1960
Annual Tax Amount $6,952
Tax Year 2025
Lot Size 0.324 Acres
Property Sub-Type Apartment
Property Description
Located in the highly desirable West Torrance neighborhood, this 11-unit multifamily property offers a rare opportunity to acquire a well-positioned asset in one of the South Bay's most stable rental markets. Situated on a corner lot totaling over 14,000 sq ft, the property features a two-story layout with excellent accessibility and tenant appeal.
The unit mix consists of spacious 1 and 2-bedroom units, providing strong rental demand and flexibility. Each unit is equipped with vinyl flooring, gas stoves and ovens, and wall furnace heating, with separately metered gas and electricity for tenant convenience and reduced owner expenses.
Tenants benefit from assigned parking with 11 garage spaces, community laundry (owner-owned for additional income potential), and a well-maintained layout with minimal interior steps. The property is located in a quiet residential setting with sidewalks, curbs, and street lighting, enhancing long-term tenant desirability.
From an investment perspective, the asset presents significant upside potential, with current rents below market and a strong pro forma income trajectory. The property currently generates solid income with low operating expenses (~$42K annually), contributing to an attractive expense ratio and long-term cash flow opportunity.
Conveniently located near Torrance Blvd and major retail, dining, and employment centers, this property benefits from strong rental demand driven by its central South Bay location.
This is an ideal opportunity for investors seeking stable income, operational efficiency, and long-term appreciation in a high-demand coastal-adjacent market.
Location
State CA
County Los Angeles
Area 131 - West Torrance
Interior
Interior Features Storage
Heating Wall Furnace
Cooling None
Flooring Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Cooktop, Gas Oven
Laundry Common Area
Exterior
Parking Features Assigned, Garage, Garage Door Opener, Community Structure
Garage Spaces 11.0
Garage Description 11.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Water Available
View Y/N No
View None
Accessibility No Stairs
Total Parking Spaces 11
Private Pool No
Building
Lot Description Corner Lot, Cul-De-Sac
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7519001065
Energy Description 3620.0
Acceptable Financing Cash, Conventional, Owner May Carry, Submit
Listing Terms Cash, Conventional, Owner May Carry, Submit
Special Listing Condition Standard
