Torrance Courtyard Apartments 21501 S Vermont Ave 43 Unit Apartment Building $19,538,680 CAD ($454,388 CAD/Unit) Torrance, CA 90502

Property Description
The Courtyard Apartments is a well-maintained 43-unit multifamily community located in Torrance, California. Built in 1989, the property offers a desirable mix of one-, two-, and three-bedroom units with A rentable SF of 44,421 and average unit size of 1,028 square feet, providing spacious layouts that appeal to a broad tenant base. The three-story complex is elevator-served, wood-frame construction, and features central air conditioning throughout. Residents benefit from on-site laundry facilities and ample parking, with a total net rentable square footage of 44,241 situated on a 37,230 square foot lot. Substantial upside in rents of approximately 38%.
The unit mix includes 5 one-bedroom/one-bath, 21 two-bedroom/two-bath, and 17 three-bedroom/two-bath units, making the property attractive to singles, couples, and families alike. The Courtyard Apartments presents a rare opportunity to acquire a sizable, newer-vintage multifamily asset in a high-demand rental market. Buyer has option to assume a First Trust Deed of approximately $4,500,000 @ 3.25%. The Courtyard Apartment Homes are under the jurisdiction of Los Angeles County Rent Control, which allows for a rent increase of approximately two (2%) percent per year per Tenant.
Area Description
The property is located at 21501 South Vermont Avenue in the heart of Torrance, one of the most desirable cities in the South Bay region of Los Angeles County. Torrance is known for its strong employment base, excellent schools, and coastal proximity, making it a highly sought-after rental market.
The community is conveniently situated near major transportation corridors, including the I-405, I-110, and SR-91 freeways, providing residents with easy access to employment centers in Los Angeles, Long Beach, and Orange County. The property is also minutes from Torrance’s retail hubs such as Del Amo Fashion Center, one of the largest shopping malls in the country, New Kaiser Hospital as well as numerous restaurants, entertainment, and lifestyle amenities.
Torrance’s economy benefits from a diverse employment base, including healthcare, aerospace, automotive, and technology sectors, with major employers such as Honda, Toyota, Robinson Helicopter, and Torrance Memorial Medical Center nearby. In addition, residents enjoy close proximity to Southern California’s beaches, with Redondo Beach, Hermosa Beach, and Manhattan Beach just a short drive away.
Overall, the Courtyard Apartments is ideally positioned to capitalize on Torrance’s strong rental demand, limited new multifamily supply, and long-term growth potential