1913 Cabrillo Avenue
Torrance, CA 90501
- – beds
- – baths
- – sqft
- 6,302 sqft lot
- 1930 build
- – on site
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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Last updated Mar 30, 2024
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MLS# 24371797 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
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Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
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Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/26/24
Mar 26, 2024
|
Listed / Active | CRMLS_CA | $3,900,000 | 447.2% (54.2% / YR) |
|
12/24/15
Dec 24, 2015
|
CRMLS_CA | $712,700 |