$4,400,000
PENDING

3536 Garnet St Torrance, CA 90503

West Torrance Neighborhood

Estimated payment $27,659/month

Total Views 3,333
3 Beds
18 Baths
9,449 Sq Ft
$466 Price per Sq Ft

Highlights

  • Active Adult
  • No HOA
  • Laundry Room
  • 0.4 Acre Lot

About This Home

This is a multifamily property consist of 18 units, centrally located in a prime area near Torrance City Hall, Del Amo Mall, and the Torrance Financial District. The property is located in a desirable residential neighborhood, with surrounding streets lined with well-maintained family residences and multifamily properties, adding to the overall appeal and long-term investment stability of the area. The property features carport parking and a large parking area, providing convenience for residents. There is a tremendous value-add opportunity for investors to renovate the units and bring rental rates to market levels, creating the potential to accelerate appreciation and increase cash flow in this high-demand location.A strategic opportunity for portfolio growth through a value-add multifamily asset. The unit mix consists of 5 studios, 12 one-bedroom units, and 1 two-bedroom unit. In addition, the building features leased laundry machines conveniently located on the first floor, offering residents easy access to laundry facilities while providing supplemental income to ownership and contributing to increased net operating income (NOI). By upgrading and renting the units at market rates, along with implementing operational improvements like laundry income, investors will improve the property's NOI, resulting in a higher capitalization rate (cap rate) and increased property valuation over time.

Listing Agent

Edgard Asensio

Asensio Property Management Inc Brokerage Email: asensiomngt@aol.com License #01253842 Listed on: 07/18/2025

Co-Listing Agent

Amy H

AMY'S REAL ESTATE STORE Brokerage Email: asensiomngt@aol.com License #00996102

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.4 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Parking

  • 18 Car Garage

Home Design

  • Apartment
  • Entry on the 2nd floor

Interior Spaces

  • 9,449 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 18 Bathrooms

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 3458
  • Assessor Parcel Number 7524026018
  • $3,565 per year additional tax assessments

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 18 Units

Amenities

  • Laundry Facilities

Building Details

  • 18 Leased Units
  • Rent Control
  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $15,036
  • Fuel Expense $9,396
  • Insurance Expense $22,560
  • Trash Expense $3,768
  • Water Sewer Expense $11,280
  • Operating Expense $62,040
  • Gross Income $187,920
  • Net Operating Income $122,148

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

18

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 11280.00
  • Zoning: TORR-MH
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7524026018
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 465.66

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 18.00
  • Total Parking Spaces: 18.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 3768.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 17436.00
  • Lot Size Acres: 0.4003

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 15036.00
  • Fuel Expense: 9396.00
  • Gross Income: 187920.00
  • Gross Scheduled Income: 187920.00
  • Insurance Expense: 22560.00
  • Lot Size Area: 17436.0000 Square Feet
  • Net Operating Income: 122148.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 18
  • Number Of Units Total: 18
  • Operating Expense: 65772.00
  • Rent Control: Yes
  • Total Actual Rent: 15660.00
  • Total Expenses: 62040.00

Tax Info

  • Tax Census Tract: 6506.04
  • Tax Lot: 21
  • Tax Tract Number: 3458
  • TaxOtherAnnualAssessmentAmount: 3565.00

Map

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 List to Sale Price per Sq Ft
08/12/2025 08/12/25 Pending -- -- --
07/18/2025 07/18/25 For Sale $4,400,000 -- $466 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25162583

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Torrance 90503 West Torrance

3536 Garnet St, Torrance, CA

This home is located at 3536 Garnet St, Torrance, CA 90503 and is currently priced at $4,400,000, approximately $465 per square foot. This property was built in 1961. 3536 Garnet St is a home located in Los Angeles County with nearby schools including Victor Elementary School, Jefferson Middle School, and West High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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Listing Agent
Edgard Asensio
Section Image
Asensio Property Management Inc
(424) 400-6723