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2863-2867 W Carson St 2 Unit Apartment Building $2,368,366 CAD ($1,184,183 CAD/Unit) 2.52% Cap Rate Torrance, CA 90503
Investment Highlights
- Spacious Low-Density 2-Unit Property in Desirable Torrance Location
- Both Units Feature Direct-Access 2-Car Garages
- Newer Roof, Windows, and Sliding Doors
- Large Townhouse-Style Floorplans (Approx. ±1,350 SF & ±1,890 SF)
- One Unit Fully Remodeled in 2016
- Residential Feel with Functional Multi-Level Layouts
Executive Summary
Morgan Skenderian, Inc. is pleased to present 2863 W. Carson Street, a well-maintained two-unit property located in the highly desirable South Bay city of Torrance. Offering a unique low-density configuration with spacious townhouse-style units, the property provides an attractive alternative to traditional multifamily assets, appealing to tenants seeking larger living spaces and a more residential environment.
The property consists of two large two-bedroom units, including a ±1,350 square foot 2BR/1.5BA townhouse-style unit (2863) and a ±1,890 square foot 2BR/2BA townhouse unit (2867), both offering functional layouts and generous living space. 2863 was fully remodeled in 2016, featuring updated finishes and modern improvements, while the overall property has been well maintained, including the installation of a new roof in 2011, and new dual pane windows and sliding doors in 2018.
With its sizable unit mix, desirable South Bay location, and strong underlying rental demand for larger floorplans, 2863 W. Carson Street presents a compelling opportunity for investors seeking stable income with long-term upside potential in a high-demand rental market.
The property consists of two large two-bedroom units, including a ±1,350 square foot 2BR/1.5BA townhouse-style unit (2863) and a ±1,890 square foot 2BR/2BA townhouse unit (2867), both offering functional layouts and generous living space. 2863 was fully remodeled in 2016, featuring updated finishes and modern improvements, while the overall property has been well maintained, including the installation of a new roof in 2011, and new dual pane windows and sliding doors in 2018.
With its sizable unit mix, desirable South Bay location, and strong underlying rental demand for larger floorplans, 2863 W. Carson Street presents a compelling opportunity for investors seeking stable income with long-term upside potential in a high-demand rental market.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$101,550
|
$31.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,046
|
$0.94
|
| Effective Gross Income |
$98,504
|
$30.39
|
| Taxes |
$27,101
|
$8.36
|
| Operating Expenses |
$11,768
|
$3.63
|
| Total Expenses |
$38,869
|
$11.99
|
| Net Operating Income |
$59,635
|
$18.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $101,550 |
| Annual Per SF | $31.33 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,046 |
| Annual Per SF | $0.94 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $98,504 |
| Annual Per SF | $30.39 |
| Taxes (CAD) | |
|---|---|
| Annual | $27,101 |
| Annual Per SF | $8.36 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,768 |
| Annual Per SF | $3.63 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,869 |
| Annual Per SF | $11.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $59,635 |
| Annual Per SF | $18.40 |
Property Facts
| Price | $2,368,366 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $1,184,183 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 2.52% | Building Size | 3,241 SF |
| Gross Rent Multiplier | 23.32 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 2.47/1,000 SF |
| Price | $2,368,366 CAD |
| Price Per Unit | $1,184,183 CAD |
| Sale Type | Investment |
| Cap Rate | 2.52% |
| Gross Rent Multiplier | 23.32 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 3,241 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.47/1,000 SF |
Amenities
Unit Amenities
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 1 | $4,503 CAD | 1,350 |
| 2+2 | 1 | $3,959 CAD | 1,890 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7362-013-040 | Total Assessment | $1,622,381 CAD |
| Land Assessment | $1,075,986 CAD | Annual Taxes | $27,101 CAD ($8.36 CAD/SF) |
| Improvements Assessment | $546,396 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
7362-013-040
Land Assessment
$1,075,986 CAD
Improvements Assessment
$546,396 CAD
Total Assessment
$1,622,381 CAD
Annual Taxes
$27,101 CAD ($8.36 CAD/SF)
Tax Year
2025
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2863-2867 W Carson St
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