$21,500,000Sold Price
48,156 Sqft
55,418 Sqft

24065 Ocean Avenue, Torrance CA 90505

  • Commercial Sale Property Type
  • 1962 Year Built
Property Description

** Rare Opportunity: Multi-Family Investment Property in Prime Torrance Location! ** For the first time in nearly 40 years, an extraordinary investment opportunity has arrived in Torrance’s most sought-after neighborhood. Allow us to introduce “Ocean House,” an impeccably maintained 54-unit property that offers a blend of comfort and convenience in one desirable location. **Unparalleled Amenities: Residents of Ocean House are treated to a host of exceptional amenities that enhance their living experience. Immerse yourself in the refreshing waters of the spacious solar-heated swimming pool, surrounded by beautifully landscaped gardens. Enjoy the tranquility of the interior gardens and revel in the convenience of the updated on-site laundry facilities. **Thoughtful Unit Mix: Ocean House boasts a diverse mix of spacious units, with 28% being one-bedroom apartments and 70% offering two bedrooms. This variety caters to residents with different preferences and budgets, making it an attractive choice for a wide range of potential residents. **Promising Investment Potential: With favorable rental rates and potential for Ratio Utility Billing System (RUBS), this turn-key property offers investors an approximate 30% increase in income potential. Take advantage of this opportunity to secure

Basic Details
Commercial Sale
Other
Sold
CRSB23115524
$22,000,000
140
48,156 Sqft
1962
55,418 Sqft
1.27 Acre
Closed
Features
Public Sewer
: Other
: Other, Corner Lot, Level
: Other, Assigned
Address Map
CA
Los Angeles
Torrance
90505
Ocean Avenue
24065
W119° 39' 33.7''
N33° 50' 9.1''
TOCR
From PCH and Hawthorne, head we
Additional Info
Gardner
Theodore Gardner
jason@gardnercompany.com
Sold
Public
For Sale
Price History
12/04/2023
$21,500,000
07/17/2023
$22,000,000
$0
Listing Information
2023-12-09T13:54:23Z
BayEast
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    Agent info
    Puja Gupta
    Realty++
    Rekha Mahalingam
    Realty++
    Rajesh Chenna
    Realty++
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    Mallik@rRealtyplusplus.com (510) 299-6629