T
Seller's Agent in 2025
Theodore Gardner
Gardner
(310) 377-9571
1 in this area
3 Total Sales
24065 Ocean Ave Torrance, CA 90505
Walteria Neighborhood
11
Beds
10
Baths
48,156
Sq Ft
1.27
Acres
Highlights
- In Ground Pool
- 1.27 Acre Lot
- Corner Lot
- Riviera Elementary School Rated A
- Property is near a park
- 3-minute walk to Walteria Park
About This Home
As of February 2025**Rare Opportunity: Prime Multi-Family Investment Property in Torrance!**
For the first time in nearly 40 years, "Ocean House," a meticulously maintained 54-unit property, is available in Torrance’s most desirable neighborhood. This property offers exceptional amenities, including a solar-heated swimming pool surrounded by lush landscaping, serene interior gardens, and updated on-site laundry facilities, delivering both comfort and convenience for residents.
The thoughtfully designed unit mix features one-bedroom units and two-bedroom units, catering to a wide range of renters and budgets.
Located in South Torrance, Ocean House offers proximity to pristine beaches, shopping, dining, parks, top-rated schools, and major transportation routes, combining the convenience of urban living with the tranquility of a suburban setting. The property has been meticulously maintained, with a new roof installed in May 2023, reflecting its excellent upkeep and attention to detail.
**Disclaimer:** The information provided is subject to change.
Last Agent to Sell the Property
Gardner Brokerage Phone: 310-489-1410 License #00328734 Listed on: 12/11/2024
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
Interior Spaces
- 48,156 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 11 Bedrooms
- 10 Bathrooms
Pool
- In Ground Pool
- Fence Around Pool
Location
- Property is near a 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Price Changed | $2,223 | +1.4% | $3 / Sq Ft |
| 04/28/2025 04/28/25 | Price Changed | $2,192 | +0.9% | $3 / Sq Ft |
| 03/31/2025 03/31/25 | Price Changed | $2,172 | -1.0% | $3 / Sq Ft |
| 03/18/2025 03/18/25 | Price Changed | $2,195 | +22.3% | $3 / 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 Compared to Growth
Agents Affiliated with this Home
-
Theodore Gardner
-
John Katnik
Buyer's Agent in 2025
John Katnik
BRC Advisors- BH
(310) 956-2291
1 in this area
72 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24247906
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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