1913 Cabrillo Avenue
1913 Cabrillo Avenue
$3,900,000
9
7
4,982
4,982
$783
Description
All units leased with potential to add an additional unit! 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...All units leased with potential to add an additional unit! 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 the front building and mini-split systems in the back building, 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.
- Listed by John Katnik • DRE #02002695 • Brokerage DRE #01765179 • BRC Advisors- BH
Property Details for 1913 Cabrillo Avenue
Zoning
TORR-MD
Parcel Number7357018009
Total Units6.0
Living Area4982
Source Living AreaBuilder
AreaOld Torrance (134)
Vacancy Rate0
Lot Size Area6302
Location
LISTING UPDATED: 05/22/2024 01:51 PM
Property Details for 1913 Cabrillo Avenue
Status | Active |
---|---|
MLS # | 24-371797 |
Days on Market | 70 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1930 |
Lot Size | 0.14 AC / 6,302 SF |
County | Los Angeles County |
Location
Building Information for 1913 Cabrillo Avenue
Stories2Residences-Year Built1930Building Size-Lot Size0.14 AC / 6,302 SF
Payment Calculator
$22,168 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1913 Cabrillo Avenue
Property History for 1913 Cabrillo Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1913 Cabrillo Avenue
Taxable ValueLand$469,580Additions$341,347Total$810,927
Tax Record2023$10,606 ($884 / month)
Home Facts
Total Finished SqFt3,345 SqFtAbove Grade Finished SqFt3,345 SqFtLot Size6,302 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningTORR-MDCountyLOS ANGELESAPN7357-018-009
Schools near 1913 Cabrillo Avenue
This home is within Torrance Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Torrance Elementary School PublicK to 5 | ||
J. H. Hull Middle School Public6 to 8 | ||
Torrance High School Public9 to 12 | ||
Gene Drevno Community Day School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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