1913 Cabrillo Avenue, Torrance, CA 90501

$3,900,000
9
BD
7
BA
4,982
SqFt
List Price
$3,900,000
Status
ACTIVE
MLS#
24371797
Year Built
1930
Bedrooms
9
Bathrooms
7
Living Sq. Ft
4,982
Lot Size
6,302
Acres
0.14
Days on Market
83
Property Type
Multifamily
Stories
Two Levels

Property Description

All units leased with potential to add an additional unit! We are proud to present a unique opportunity to acquire a fully renovated 6-unit apartment building in the heart of Old Town Torrance. Nearly new construction, every part of the property has been rebuilt from the bare studs, including all-new main systems and units. The property has undergone extensive capital improvements with current ownership spending about $2M to restore the property to brand new condition. The quality of construction is top notch and ownership left no stone unturned during the process. Originally constructed in 1930 as one of Torrance's first hotels, the property brings historic charm and modern convenience. The buildings feature brand new roofs, PEX plumbing, ABS sewer lines, brand new electrical, vinyl windows, central air conditioning/heat in the front building and mini-split systems in the back building, new exterior paint, individual tankless water heaters, new decks/railings, solar panels for two units, new garage doors and new landscaping. All unit interiors have been completely gutted and the finishes include quartz countertops, custom white shaker cabinets, stainless steel appliances, luxury vinyl plank flooring, LED lighting, washer/dryers, new vanities, and custom tile showers. The property is composed of two structures. There is a front building which includes 4 units and the rear building that has the remaining 2 units. Each unit is unique, and all units feature either private yards/patios or private balconies. One unit even has a 120 sq ft basement. The back building has two upstairs units that sit on top of 4 single car garages. In between the two buildings lies a nice courtyard for tenants to enjoy. Located in the heart of Old Town Torrance, this property enjoys proximity to a plethora of amenities, including eclectic shops, trendy eateries, and cultural landmarks. With easy access to major transportation routes and close proximity to the beach, residents will relish in the convenience of urban living combined with coastal relaxation. With its prime location, upscale renovations, and desirable amenities, this apartment building presents a compelling investment opportunity. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking to enter the market, this property offers the potential for strong rental income and long-term appreciation.

Additional Information

Appliances
Dishwasher, Microwave, Refrigerator, Dryer, Washer
Heat
Central, Wall Furnace
Cooling
Yes
Cooling Description
Central Air
Garage Spaces Total
4
Attached Structure
Detached
Number Of Units Total
6

Listing courtesy of Listing Agent: John Katnik (john@brcadvisors.com) from Listing Office: BRC Advisors- BH.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.