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 a healthy and profitable cash flow from day one. **Ideal Location: Nestled in the heart of South Torrance, Ocean House provides residents with proximity to pristine beaches, popular shopping centers, renowned dining hotspots, picturesque parks, top-rated schools, and major transportation routes. Ex
Location
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data maintained by MetroList® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination." This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis. Updated: 5th December, 2023 5:43 AM (UTC)
Data maintained by MetroList® may not reflect all real estate activity in the market. All information has been provided by seller/other sources and has not been verified by broker. All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. All interested persons should independently verify the accuracy of all information. All real estate advertising placed by anyone through this service for real properties in the United States is subject to the US Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination." This service will not knowingly accept any advertisement for real estate which is in violation of the law. Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis. Updated: 5th December, 2023 5:43 AM (UTC)
Listing Agent: Theodore Gardner
Listing Office: Gardner
