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2363 Torrance Blvd
Torrance, CA 90501
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Located in the Old Torrance Neighborhood
- Top rated schools, including Torrance High School
- Convenient freeway access to 110 and 405
- Close proximity to Wilson Park and Del Amo Fashion Center
- Easy access to major employers such as Honda HQ, Chevron, Harbor-UCLA Medical Center, and Little Company of Mary Hospital
- Short drive to Redondo Beach
EXECUTIVE SUMMARY
Outstanding value-add or turnkey rental opportunity in charming Old Torrance. This well-maintained mid-century 5-unit building is delivered ready for immediate occupancy — an exceptional chance for investors to take possession without delay, lease at full market rents, and establish strong cash flow from day one. Thoughtful layouts make each residence feel like its own home, featuring back doors off the kitchen, built-in bookshelves, original hardwood floors in excellent condition, separate dining areas, and bright, inviting interiors. Most windows have been updated (all but one unit). Classic tile baths and included appliances maintain the vintage-modern appeal. The unit mix offers four spacious 4-1BD/1BA apartments and one 2BD/1BA residence with a fireplace and formal dining. On-site coin laundry adds ancillary income. Parking is convenient with four garages, driveway spaces, and plentiful street parking. Ideally located near Downtown Old Torrance’s shops and restaurants, Wilson Park, Del Amo Fashion Center, and Torrance High School, with proximity to major employers such as Honda HQ and Providence Little Company of Mary. Easy access to the 405 and 110 freeways and minutes to Redondo Beach ensure consistently strong rental demand.
Subject to cancellation of current escrow. Seller is Selling As Is, No Repairs or Credits, No Termite Work. Showing to qualified buyers/investors only with 48 hours notice daylight hours only. If ALL CASH Please show copy of bank statement or letter from the bank; if using financing, show loan approval. Offer Memorandum added to supplements is not updated since October vacancy. All units are now currently vacant.
Subject to cancellation of current escrow. Seller is Selling As Is, No Repairs or Credits, No Termite Work. Showing to qualified buyers/investors only with 48 hours notice daylight hours only. If ALL CASH Please show copy of bank statement or letter from the bank; if using financing, show loan approval. Offer Memorandum added to supplements is not updated since October vacancy. All units are now currently vacant.
PROPERTY FACTS
| Price Per Unit | $481,170 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.18% | Building Size | 3,648 SF |
| Gross Rent Multiplier | 15.97 | Average Occupancy | 0% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1944 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | TOCC-GEN - General Commercial Zone | ||
| Price Per Unit | $481,170 CAD |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 15.97 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,648 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1944 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | TOCC-GEN - General Commercial Zone |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
- Built-In Bookshelves
- Dining Room
- Double Pane Windows
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 1 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 7354-013-010 | Improvements Assessment | $230,900 CAD |
| Land Assessment | $369,458 CAD | Total Assessment | $600,358 CAD |
PROPERTY TAXES
Parcel Number
7354-013-010
Land Assessment
$369,458 CAD
Improvements Assessment
$230,900 CAD
Total Assessment
$600,358 CAD
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