2758 Orange Avenue
$5,310,000
7
28
16,464
16,464
$323
Closed 11/7/24
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.
- 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 PoolNo
Cooling TypeWall/Window
Total Units15.0
Building TypeAttached
Lot Size SourceAssessor
Living Area16464
Assessor Parcel Number7359-013-019
LISTING UPDATED: 11/07/2024 07:01 AM
Property Details for 2758 Orange Avenue
Status | Closed |
---|---|
MLS # | PW24103226 |
Days on Market | 121 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
County | Los Angeles County |
Building Information for 2758 Orange Avenue
Building/Complex2758 Orange AveFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-
Property Information for 2758 Orange Avenue
Property History for 2758 Orange Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Shery (Kurt T.) High (Continuation) 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.
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