2758 Orange Avenue Pending

Torrance,CA 90501

$ 6500000

- Bed

0 Bath

16464 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 16,464 sqft

Price per Sqft $394

MLS Listing ID CL25494553

HOA Y/N No

Year Built 1964

Lot Size 0.500 Acres

Acres 0.5

Property Sub-Type Other

Property Description

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.

Location

State CA

County Los Angeles

Zoning TORR

Interior

Heating Wall Furnace

Fireplace No

Appliance Dryer

Laundry Dryer,Washer

Building

New Construction No

Others

Tax ID 7359013019

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