Torrance, CA 90501 2758 Orange Avenue
$5,450,000
6 more
Presented By: Shane Young with Younglewin Advisors, Inc.; 562-556-1118
Beds • 29
Full/Half Baths • 5 / 2
SQFT • 16,464
Garage • 15
Home Details
We are pleased to present a 15 unit apartment community located at 2758 Orange Avenue in Torrance CA. Situated in Old Town, the subject property is proximate to many dining and entertainment options, and located on a quiet residential street. Current ownership has held this property for over 20 years and has maintained it particularly well including window roof and electric upgrades. Every subpanel has been upgraded in the units. 2758 Orange Avenue is an all electric building that benefits from a rare unit mix of mostly townhome style, two-story, condo quality floorplans. Amenities include oven range, large windows, vinyl plank flooring, and modern paint. The property also has ample parking, on-site laundry, private patios, and controlled gated access. Additionally a buyer has the opportunity to add up to 5 ADUs onsite. Priced attractively at over a 5.8% cap rate, and 11.43 GRM, the strong current cash flow with significant upside in NOI provides a rare value-add opportunity in a highly sought after submarket of the South Bay.
Presented By: Shane Young with Younglewin Advisors, Inc.; 562-556-1118
Interior Features for 2758 Orange Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringCarpet, Tile, Vinyl
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 2758 Orange Avenue
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, GasWaterHeater
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.81
Carport Y/NYes
CityTorrance
Community FeaturesPark
CoolingWallWindowUnits
CountyLos Angeles
Days on Market43
DirectionsOne block west of Sepulveda and Arlington Ave
Electric Expense6500.0
Entry LocationOrange Ave
Fuel Expense0.0
Garage Spaces15.0
Garage Y/NYes
Gross Income476838.0
HeatingElectric
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense0.0
Interior FeaturesBalcony, CeilingFans
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet21789.0
Lot Size UnitsSquareFeet
MLS Area134 - Old Torrance
MobileHomeRemainsYNNo
Net Operating Income316743.0
New ConstructionNo
NumberOfUnitsTotal15
Operating Expense84000.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot7
Taxes$64,345
Tenant PaysElectricity
TermsCash, CashtoNewLoan
Total Actual Rent476838.0
Trash Expense4534.0
View Y/NNo
Water Sewer Expense6500.0
Waterfront Y/NNo
Year Built1964
Year Built SourceAssessor
ZoningTORR-MD
Exterior for 2758 Orange Avenue
Building Area Total16464.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard, ValueInLand
Lot Size Acres0.5002
Lot Size Area21789.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters16
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAttachedCarport, ControlledEntrance, Concrete, DetachedCarport, Driveway
SpaNo
Total Parking15.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480