Active
1913 Cabrillo Ave
Torrance CA, 90501
$3,900,000
$782.82 per sqft
Active
9 Beds
7 Baths
4,982 sqft
Multi-family
Built in 1930
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.
24-371797
MLSⓇ ID
March 26, 2024
Listed
September 13, 2024
Updated
Map
1913 Cabrillo Ave
Torrance CA, 90501
Interior Features
Total Stories
2
Bedrooms
9
Total Bathrooms
7
Appliances
Washer, Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven
Laundry Description
In Unit
Floor Description
Vinyl
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central, Air Conditioning, Wall Unit(s)
Heating
Yes
Heating Description
Central, Wall
Exterior/Building Features
Lot Size
0.14 Acres
Other Property Details
Area Name
Old Torrance
Days on Market
81
Garage
Yes
Garage Spaces
4
Parking
Garage
Parking Total
4
View
No
County
Los Angeles
Pool
No
Zoning
TORR-MD
Listed by John Katnik with BRC Advisors- BH
Listing Contact: 310-956-2291
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©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/13/2024