NOT LISTED FOR SALE
11 Beds
10 Baths
48,156 Sq Ft
1.27 Acre Lot

Sale Details

Date Sold: February 20, 2025

Last sale price $18,000,000 $374 Per Sq Ft

22 Days on Market

Highlights

  • In Ground Pool
  • 1.27 Acre Lot
  • Corner Lot
  • Riviera Elementary School Rated A
  • Property is near park
  • 3-minute walk to Walteria Park

About This Home

As of February 2025

Beautiful and reasonably priced, our one- and two-bedroom units are all equipped with dishwasher, electric range, garbage disposal, and dual windows that keeps your apartment quiet and warm. Select units have a vaulted ceilings, ceiling fan, private balcony or enclosed patio.
The property's amenities include professional on-site management, maintenance stuff, a heated swimming pool, BBQ, gated parking and on-site laundries. Our community is pet friendly and welcome cats and small dogs.
We are directly across the street from Torrance Walteria Park and close to great South Torrance schools, shops and restaurants.
Give us a call today and come to see why Ocean Villas Apartments is the perfect fit for your new home.

Pet Policy: $500 Deposit per pet and $50/month per pet. Max weight limit - 30lbs.

Last Agent to Sell the Property

Theodore Gardner

Gardner Brokerage Phone: 310-489-1410 License #00328734 Listed on: 12/11/2024

Last Buyer's Agent

John Katnik

BRC Advisors- BH License #02002695

BRC Advisors- BH
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 1.27 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot
  • Level Lot

Parking

  • 2 Car Garage
  • 52 Carport Spaces
  • Parking Available
  • Assigned Parking
  • Controlled Entrance

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 48,156 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Pool

  • In Ground Pool
  • Fence Around Pool

Location

  • Property is near park

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 9
  • Tax Tract Number 651
  • Assessor Parcel Number 7534006018
  • $6,379 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 54 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool
  • Park

Building Details

  • 54 Leased Units
  • 54 Separate Electric Meters
  • 54 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,418
  • Fuel Expense $17,619
  • Gardener Expense $13,596
  • Insurance Expense $21,800
  • Maintenance Expense $47,447
  • Pool Expense $5,100
  • Professional Management Expense $49,227
  • Trash Expense $17,200
  • Water Sewer Expense $31,300
  • New Taxes Expense $207,464
  • Operating Expense $50,343
  • Gross Income $1,438,884
  • Net Operating Income $903,142

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

1.27 Acres

Parking

2

Listing Details

  • CapRate: 5.00
  • Inclusions: Owned laundry equipment
  • Professional Management Expense: 49227.00
  • Property Attached: Yes
  • Subdivision Name Other: Meadow Park
  • Water Sewer Expenses: 31300.00
  • Zoning: TOCR-MH
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 13596.00
  • Parcel Number: 7534006018
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 373.79

Exterior Features

  • Pool Expense: 5100.00
  • Pool Features: Community, Fenced, In Ground
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 52.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Controlled Entrance
  • Total Parking Spaces: 54.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 17200.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Lot Over 40000 Sqft, Level, Park Nearby
  • Lot Size Sq Ft: 55418.00
  • Lot Size Acres: 1.2722
  • Latitude Manual: 33.80509900

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 635 Square Feet
  • Average2 Bed Area: 952 Square Feet
  • Average3 Bed Area: 1180 Square Feet
  • Electric Expense: 6418.00
  • Fuel Expense: 17619.00
  • Gross Income: 1438884.00
  • Gross Operating Income: 1406484.00
  • Gross Scheduled Income: 1464040.00
  • Insurance Expense: 21800.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 17057.00
  • Lot Size Area: 55418.0000 Square Feet
  • Maintenance Expense: 47447.00
  • Net Operating Income: 903142.00
  • Number Of Separate Electric Meters: 54
  • Number Of Separate Gas Meters: 54
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 54
  • Number Of Units Total: 54
  • Number With Disposal: 54
  • Number With Range: 54
  • Operating Expense: 503343.00
  • Other Income1: 8098.00
  • Other Income Description: Pet rent
  • Rent Control: No
  • Total Actual Rent: 119907.00
  • Total Expenses: 50343.00

Tax Info

  • New Taxes Expense: 207464.00
  • Tax Census Tract: 6513.02
  • Tax Lot: 9
  • Tax Tract Number: 651...
  • TaxOtherAnnualAssessmentAmount: 6379.00

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$9,045,500 Fidelity National Title
Liquid Abode Lp -- Fidelity National Title
Ocean House Ltd -- Lawyers Title
Gardner Ii Theodore R -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $8,620,000
Previous Owner Liquid Abode Lp $8,620,000
Previous Owner Ocean House Ltd $8,620,000
Previous Owner Ocean House Ltd $5,450,000
Previous Owner Ocean House Ltd $4,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/09/2026 08/09/26 Off Market $2,719 -- --
07/15/2026 07/15/26 Price Changed $2,719 +24.2% $3 / Sq Ft
05/30/2026 05/30/26 Price Changed $2,189 -0.1% $2 / Sq Ft
05/23/2026 05/23/26 Price Changed $2,192 0.0% $2 / Sq Ft
05/08/2026 05/08/26 Price Changed $2,193 -0.1% $2 / Sq Ft
02/07/2026 02/07/26 Price Changed $2,195 -1.3% $2 / Sq Ft
01/10/2026 01/10/26 Price Changed $2,223 +29.0% $2 / Sq Ft
01/10/2026 01/10/26 Price Changed $1,723 0.0% $2 / Sq Ft
01/10/2026 01/10/26 For Rent $1,723 -0.1% --
11/07/2025 11/07/25 Off Market $1,725 -- --
10/20/2025 10/20/25 Price Changed $1,725 -22.4% $2 / Sq Ft
06/10/2025 06/10/25 Price Changed $2,223 +1.4% $2 / Sq Ft
04/28/2025 04/28/25 Price Changed $2,192 +0.9% $2 / Sq Ft
03/31/2025 03/31/25 Price Changed $2,172 -1.0% $2 / Sq Ft
03/18/2025 03/18/25 Price Changed $2,195 +22.3% $2 / Sq Ft
03/17/2025 03/17/25 For Rent $1,795 0.0% --
02/20/2025 02/20/25 Sold $18,000,000 0.0% $374 / Sq Ft
01/02/2025 01/02/25 Pending -- -- --
12/11/2024 12/11/24 For Sale $17,999,999 -- $374 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $39,048 $18,018,300 $3,738,300 $14,280,000
2025 $39,048 $2,778,726 $689,858 $2,088,868
2024 $38,191 $2,724,242 $676,332 $2,047,910
2023 $37,566 $2,670,826 $663,071 $2,007,755
2022 $37,069 $2,618,458 $650,070 $1,968,388
2021 $36,165 $2,567,117 $637,324 $1,929,793
2020 $35,674 $21,850,150 $13,109,040 $8,741,110
2019 $35,219 $2,492,727 $618,422 $1,874,305
2018 $33,658 $2,443,886 $606,297 $1,837,589
2016 $31,603 $2,347,306 $582,754 $1,764,552
2015 $30,972 $2,312,048 $574,001 $1,738,047
2014 $30,596 $2,266,760 $562,758 $1,704,002
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24247906

California Regional Multiple Listing Service (CRMLS)
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