2758 Orange Avenue

Torrance, CA 90501

$5,310,000
Last Sold Price
7
Beds
28
Baths
16,464 Sq. Ft.
$323 / Sq. Ft.
16,464
Sq. Ft.
$323
per Sq. Ft.

Description

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...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.
  1. Listed by Shane Young • DRE #01963090 • Brokerage DRE #02164683 • Younglewin Advisors, Inc. • 562-556-1118

Property Details for 2758 Orange Avenue

Parking Spaces Total
15
Private Pool
No
Cooling Type
Wall/Window
Total Units
15.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
16464
Assessor Parcel Number
7359-013-019
LISTING UPDATED: 11/07/2024 07:01 AM

Property Details for 2758 Orange Avenue

StatusClosed
MLS #PW24103226
Days on Market121
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyLos Angeles County

Building Information for 2758 Orange Avenue

Building/Complex2758 Orange AveFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-

Property Information for 2758 Orange Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $476,838
  • Gross Scheduled Income: $476,838
  • Net Operating Income: $316,743
  • Laundry Income: $3,064
  • Gross Multiplier: 11.43
  • Cap Rate: 5.81
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $84,000
  • New Taxes Expense: $64,345
  • Fuel Expense: $0
  • Electric Expense: $6,500
  • Insurance Expense: $0
  • Professional Management Expense: $22,842
  • Trash Expense: $4,534
  • Water Sewer Expense: $6,500
  • Total Expenses: $148,854
Tax / Assessment Info
  • Tax Block: 300
  • Tax Tract Number: 1952
  • Tax Census Tract: 6509.04
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 7
Community / Development
Community / Development
  • Community Features: Park
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Range, Gas Water Heater
  • Equipment: Dishwasher, Laundry Area
  • Interior Features: Balcony, Ceiling Fan(s), Copper Plumbing Partial
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Electric
  • Heat Source: Electric
  • Heating: Electric
  • Flooring: Carpet, Tile, Vinyl
Exterior Features
  • Entry Location: Orange Ave
  • Miscellaneous: Value in Land
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Front Yard, Value In Land
  • Number Of Units: 15
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 15
  • Parking: Yes
  • Parking Garage: Controlled Entrance, Driveway
  • Parking Garage Spaces: 15
  • Carport Spaces: 0
  • Parking Features: Attached Carport, Detached Carport, Controlled Entrance, Driveway, Concrete
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,595
  • Unit Type Total Rent: $2,595
  • Unit Type Pro Forma: 2595
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,158
  • Unit Type Total Rent: $4,316
  • Unit Type Pro Forma: 4390
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 10
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,672
  • Unit Type Total Rent: $26,721
  • Unit Type Pro Forma: 31000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,272
  • Unit Type Total Rent: $6,543
  • Unit Type Pro Forma: 7500
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 2758 Orange Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2758 Orange Avenue

Taxable ValueLand$704,447Additions$1,096,166Total$1,800,613
Tax Record2024$76,037 ($6,336 / month)
Home Facts
Total Finished SqFt16,464 SqFtAbove Grade Finished SqFt16,464 SqFtLot Size21,784 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningTORR-MDCountyLOS ANGELESAPN7359-013-019

Schools near 2758 Orange Avenue

This home is within Torrance Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Torrance Elementary School
PublicK to 5

J. H. Hull Middle School
Public6 to 8

Torrance High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Younglewin Advisors, Inc., Shane Young, DRE #01963090

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.