$6,300,000
SOLD MAR 12, 2025
29 Beds
28 Baths
16,464 Sq Ft
0.5 Acres

Recently Sold

$383 Per Sq Ft

3% Below List Price

9 Days on Market

Highlights

  • 21,789 Sq Ft lot
  • J. H. Hull Middle School Rated A-
  • Ceiling Fan

About This Home

As of March 2025

We are pleased to present this turnkey 15-unit townhome-style apartment community in the heart of Old Torrance. This asset includes two (2) 3-bed/2-bath, ten (10) 2-bed/1.5 bath, one (1) 1-bed/1.5 Bath, (2) 1-bed/1-bath. GREAT ADU potential (15 on site parking spaces). 12 of the 15 units have been remodeled and professionally designed with high-end finishes. Major CAPEX projects have been completed over the last year including complete electrical panel replacements (main panel and all subpanels), partial roof replacement (the rest is in good shape), new exterior paint, gutters and lighting. 13 units have private patios too. All units share a laundry room, recently upgraded with Shinepay equipment = extra income! All units are occupied by qualified, long-term, at/near market tenants. Buyer will have opportunity to add 5 ADU's. NO LOCAL RENT CONTROL - subject to only AB 1482. Located in the highly desirable Old Torrance Neighborhood, just minutes from Del Amo, Old Torrance stores, and the beach. UNIT 4 IS CURRENTLY VACANT. PLEASE SEE OM IN DOCS.

Last Agent to Sell the Property

Noam Srolovitz

Kape Property Management, Inc. License #02069623 Listed on: 02/05/2025

Co-Listed By

Benjamin Lester

Kape Property Management, Inc. License #02033314

Last Buyer's Agent

Keiko Shibanai

EXP REALTY OF CALIFORNIA INC License #01938133

EXP REALTY OF CALIFORNIA INC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.5 Acre Lot

Interior Spaces

  • 16,464 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 29 Bedrooms
  • 28 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 15 Parking Spaces
  • Carport
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 15 Units

Listing and Financial Details

  • Tenant pays for gas, electricity
  • The owner pays for water, gardener
  • Assessor Parcel Number 7359-013-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 16464
  • Stories: 2
  • Year Built: 1964
  • Number Of Photos: 21
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 29
  • Total Bathrooms: 28.00
  • Equipment: Dishwasher, Range/Oven, Refrigerator, Ceiling Fan, Washer, Dryer
  • Price Per S Q F T: 394.80

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned, Covered Parking, Carport
  • Total Parking: 15

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessor Parcel Number: 7359-013-019
  • Lot Size Area: 21789

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.75
  • Number Of Units: 15
  • Total Annual Expense: 139422
  • Type Of Units: Townhomes
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2025 03/12/25 Sold $6,300,000 -3.1% $383 / Sq Ft
02/14/2025 02/14/25 Pending -- -- --
02/05/2025 02/05/25 For Sale $6,500,000 +22.4% $395 / Sq Ft
11/07/2024 11/07/24 Sold $5,310,000 -2.6% $323 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $5,450,000 -- $331 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25494553

The MLS