5326 Lorna Street, Torrance, CA 90503
- $3,500,000
- List Price
- $3,500,000
- Price Change
- ▲ $100,000 1784595247
- Status
- ACTIVE
- MLS#
- SB26098719
- Year Built
- 1960
- Lot Size
- 14,117
- Acres
- 0.32
- Lot Location
- Corner Lot, Cul-De-Sac
- Days on Market
- 83
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Prime 11-Unit Investment Opportunity in West Torrance Located in the highly desirable West Torrance neighborhood, this 11-unit multifamily property offers a rare opportunity to acquire a well-positioned asset in one of the South Bay’s most stable rental markets. Situated on a corner lot totaling over 14,000 sq ft, the property features a two-story layout with excellent accessibility and tenant appeal. The unit mix consists of spacious 1 and 2-bedroom units, providing strong rental demand and flexibility. Each unit is equipped with vinyl flooring, gas stoves and ovens, and wall furnace heating, with separately metered gas and electricity for tenant convenience and reduced owner expenses. Tenants benefit from assigned parking with 11 garage spaces, community laundry (owner-owned for additional income potential), and a well-maintained layout with minimal interior steps. The property is located in a quiet residential setting with sidewalks, curbs, and street lighting, enhancing long-term tenant desirability. From an investment perspective, the asset presents significant upside potential, with current rents below market and a strong pro forma income trajectory. The property currently generates solid income with low operating expenses (~$36K annually), contributing to an attractive expense ratio and long-term cash flow opportunity. Conveniently located near Torrance Blvd and major retail, dining, and employment centers, this property benefits from strong rental demand driven by its central South Bay location. This is an ideal opportunity for investors seeking stable income, operational efficiency, and long-term appreciation in a high-demand coastal-adjacent market.
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Additional Information
- Taxes
- $6,952
- Appliances
- Gas Cooktop, Gas Oven
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Garage Spaces Total
- 11
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Storage
- Attached Structure
- Attached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $258,660
- Operating Expense
- 36646
Listing courtesy of Listing Agent: Derf Fredericks (derf@flash.net) from Listing Office: Fredericks Realty.
Mortgage Calculator
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