23315 Arlington Ave - Apartments FOR SALE


Torrance, CA 90501- Southeast Torrance
$3,250,000 USD
424-405-3826
23315 Arlington Ave, Torrance, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/8
null | 4.54% Cap Rate

23315 Arlington Ave
Torrance, CA 90501
Southeast Torrance


HIGHLIGHTS

  • Excellent opportunity to acquire two contiguous five-unit buildings in the desirable Torrance rental market
  • All two-bedroom/one-bath units
  • Properties feature on-site laundry, new windows, and carport parking with storage for each unit
  • Great Torrance location within one block of both an elementary school and a middle school; average household income within one mile is $131K

OVERVIEW

Marcus & Millichap is pleased to present to market 23315-23323 Arlington Avenue, two five-unit buildings on contiguous parcels in Torrance, California. This offering presents an excellent opportunity to acquire an asset well-located in the desirable inland South Bay rental market that boasts all two-bedroom/one-bath units and 27 percent rental upside. 23315-23323 Arlington Avenue consists of two two-story buildings, one of which is on a corner lot, and 10 two-bedroom/one-bath units that are separately metered for gas and electricity. The buildings also feature on-site laundry and a tuck-under parking space with storage for each unit. The property is in a great location proximate to schools; both J.H. Hull Middle School and Wood Elementary are just one block away, and the major Torrance Crossroads shopping center is just one mile away, offering tenants convenient proximity to retail.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$396 USD /SF

# OF UNITS

10

PRICE/UNIT

$325,000

CAP RATE

4.54%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,125 SF

ZONING

RP, Torrance

APN/PARCEL ID

7371-030-028,7371-030-030

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.