2758 Orange Avenue
Torrance, CA 90501
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1964 build
- – on site
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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.
Listed By CRMLS_CA / Shane Young / Younglewin Advisors, Inc. / 562-556-1118
Last checked:
Checking…
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Last updated Nov 7, 2024
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MLS# PW24103226 —
The Building
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Year Built:1964
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:16464.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:15
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Stories Total:2
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# of Separate Gas Meters:1
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# of Separate Water Meters:1
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# of Separate Electric Meters:16
Interior
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Features:Balcony, Ceiling Fan(s), Copper Plumbing Partial
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Levels:Two
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Entry Location:Orange Ave
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Flooring:Carpet, Tile, Vinyl
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Laundry:Common Area
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Laundry:1
Location
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Directions:One block west of Sepulveda and Arlington Ave
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Latitude:33.82107400
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Longitude:-118.32087700
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:TORR-MD
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Lot Features:Front Yard, Value In Land
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Lot Size Area:21789.0000
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Lot Size Acres:0.5002
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Lot Size SqFt:21789.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:300
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Tax Census Tract:6509.04
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Tax Tract:1952
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Tax Lot:7
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7359013019
Heating & Cooling
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Heating:1
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Heating:Electric
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Appliances:Dishwasher, Electric Range, Gas Water Heater
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Included:Yes
The Community
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Senior Community:No
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Features:Park
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Pool:None
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Private Pool:No
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Spa Features:None
Parking
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Parking:Yes
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Parking:Attached Carport, Detached Carport, Controlled Entrance, Driveway, Concrete
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Parking Spaces:15.00
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Garage Spaces:15.00
Extra Units
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Average 1 Bed Area:800
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Average 2 Bed Area:1100
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Average 3 Bed Area:1350
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/7/24
Nov 7, 2024
|
Sold | CRMLS_CA | $5,310,000 | -2.6% |
10/30/24
Oct 30, 2024
|
Pending | CRMLS_CA | $5,450,000 | |
7/1/24
Jul 1, 2024
|
Listed / Active | CRMLS_CA | $5,450,000 |