- N/A BR
- 0 BA
- N/A SqFt.
- 5,600 Lot
- $1,695,750
- Closed
- 5/8/24
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 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.
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Property Details for 2758 Orange Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Shane Young
- Listing Brokered By
- Younglewin Advisors, Inc.
- Type
- Residential Income, Apartment
- Year Built
- 1964 (Assessor)
- MLS Area
- 134 - Old Torrance
Price and MLS Information
- Status
- Closed | Listing History
- MLS Days on Mkt.
- 121 DOM
- Combined DOM*
- 121
- First Date Active
- July 1st, 2024
- Closing Date
- November 7th, 2024
- Sold Price
- $5,310,000
- Orig. List Price
- $5,450,000
- MLS® #
- PW24103226
- APN
- 7359013019
- Special
- Standard
Home Interior Information
- Levels/Stories
- Two
- Flooring
- Carpet, Tile, Vinyl
- Heating
- Electric
- Cooling
- Wall/Window Unit(s)
- Appliances
- Dishwasher, Electric Range, Gas Water Heater
- Int. Features
- Balcony, Ceiling Fan(s)
Room Information
- Laundry
- CommonArea
Exterior Information
- Lot Description
- Front Yard, Value In Land
- Lot Size (sq. ft.)
- 21,789
- Lot Size (acres)
- 0.50
- Pool
- None
- Parking Spaces
- 15
- Garage Spaces
- 15
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- TORR-MD
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
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Neighborhood Information
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Listing/Price History
2758 Orange Avenue, Torrance, (MLS® #PW24103226)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | $5,310,000 | – | |
| Pending (from Active) | – | – | |
| First Day Active | $5,450,000 | – |
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Listing Summary
Quick Summary of 2758 Orange Avenue: This home in Torrance is priced at $5,450,000 . The Apartment residence was originally built in 1964 and was listed on July 1st, 2024 at $5,450,000, showing 121 Days on Market currently. Contact Dave Fratello today for more information or to go see 2758 Orange Avenue.
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Sold Listings Similar to 2758 Orange Avenue, Torrance
Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2025 at 6:35pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
