1913 Cabrillo Avenue
Torrance, CA, 90501 $ 3,900,000
Bedrooms9 Baths7.0 Sq 4,982 Monthly Estimate*
$ 27,243
Listed by BRC Advisors- BH
for $3,900,000 with 9 bedrooms and 7 full baths. This 4,982 square foot home was built in 1930 on a lot size of 0.1447.
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 1913 and mini-split systems in 1915, 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.
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FeaturesGeneralHeating Central WallFurnace
Cooling CentralAir
Appliances Dishwasher Microwave Refrigerator Dryer Washer
Zoning TORR-MD
Garage Spaces 4.0
Year Built 1930
Tenant Pays Electricity Gas
Stories 2
Levels Two
Gross Income 216000.0
County Los Angeles
Net Operating Income 160045.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Facing Direction East
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions South of Torrance Blvd and West of Western in Old Town Torrance
City Torrance
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area 134 - Old Torrance
Lot Size Square Feet 6302.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Cabrillo
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Property Condition UpdatedRemodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 38
Standard Status Active
Occupancy Description Tenant
Year Built Source Assessor
Cap Rate 4.1
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InteriorFlooring Vinyl
Fireplace Features None
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Total Bedrooms 9
Electric On Property Y/N N
Total Baths 7
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ExteriorParking Features Garage
Total Parking 4.0
Lot Size Area 6302.0
Number of Buildings 2
Spa N
Building Area Total 4982.0
Lot Size Acres 0.1447
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $27,243
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Torrance, CA
Average List Price $1,694,837
Percent of Sale Price 57%
About Torrance, CA 145,215 Population
5% Since 2002
$ 83,626 Median Income
43.39 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/26/2024 | $3,900,000 | | Listed Price |