E
Seller's Agent in 2025
Edgard Asensio
Asensio Property Management Inc
(310) 618-0808
1 in this area
10 Total Sales
3536 Garnet St Torrance, CA 90503
West Torrance Neighborhood
3
Beds
18
Baths
9,449
Sq Ft
0.4
Acres
Highlights
- Active Adult
- No HOA
- Laundry Room
- 0.4 Acre Lot
About This Home
As of October 2025This 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.
Last Agent to Sell the Property
Asensio Property Management Inc Brokerage Email: asensiomngt@aol.com License #01253842 Listed on: 07/18/2025
Last Buyer's Agent
Asensio Property Management Inc Brokerage Email: asensiomngt@aol.com License #01253842 Listed on: 07/18/2025
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
- Tenant pays for electricity, gas
- 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
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2025 10/28/25 | Sold | $4,000,015 | -9.1% | $423 / 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)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Edgard Asensio
-
Amy H
A
Seller Co-Listing Agent in 2025
Amy H
AMY'S REAL ESTATE STORE
(626) 290-5994
1 in this area
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25162583
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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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