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(310)918-5027
Real Estate Company
24065 Ocean Avenue, Torrance, CA 90505
- $18,000,000
- Sold Price
- $18,000,000
- List Price
- $17,999,999
- Closing Date
- Feb 20, 2025
- Status
- CLOSED
- MLS#
- SB24247906
- Year Built
- 1962
- Lot Size
- 55,418
- Acres
- 1.27
- Lot Location
- Corner Lot, Lot Over 40000 Sqft, Landscaped, Level, Near Park
- Days on Market
- 20
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
**Rare Opportunity: Prime Multi-Family Investment Property in Torrance!** For the first time in nearly 40 years, "Ocean House," a meticulously maintained 54-unit property, is available in Torrance’s most desirable neighborhood. This property offers exceptional amenities, including a solar-heated swimming pool surrounded by lush landscaping, serene interior gardens, and updated on-site laundry facilities, delivering both comfort and convenience for residents. The thoughtfully designed unit mix features one-bedroom units and two-bedroom units, catering to a wide range of renters and budgets. Located in South Torrance, Ocean House offers proximity to pristine beaches, shopping, dining, parks, top-rated schools, and major transportation routes, combining the convenience of urban living with the tranquility of a suburban setting. The property has been meticulously maintained, with a new roof installed in May 2023, reflecting its excellent upkeep and attention to detail. **Disclaimer:** The information provided is subject to change.
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Additional Information
- Pool Description
- Community, Fenced, In Ground
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 54
- Gross Scheduled Income
- $1,464,040
- Operating Expense
- 503343
Listing courtesy of Listing Agent: Theodore Gardner (jason@gardnercompany.com) from Listing Office: Gardner.
Listing sold by John Katnik from BRC Advisors- BH
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.