1751 Cabrillo Avenue

Torrance, CA 90501

$4,810,000
Last Sold Price
18
Beds
16
Baths
8,566 Sq. Ft.
$562 / Sq. Ft.
8,566
Sq. Ft.
$562
per Sq. Ft.

Description

We are pleased to present this 11 unit apartment community located in the center of the vibrant Old Town Torrance neighborhood. This asset is comprised of an attractive unit mix, including one 3-Bed/2-Bath, four 2-Bed/2-Bath, one 2-Bed/1-Bath & five 1- Bed/1-Bath. Unit J (1 Bed) and Unit K (3 Bed/2 Bath) are brand new ADU professionally designed apartments, fully permitted. Unit J is leased at $2,550/month and Unit K is currently vacant and ready to lease (application pending at $3,700/month). No...We are pleased to present this 11 unit apartment community located in the center of the vibrant Old Town Torrance neighborhood. This asset is comprised of an attractive unit mix, including one 3-Bed/2-Bath, four 2-Bed/2-Bath, one 2-Bed/1-Bath & five 1- Bed/1-Bath. Unit J (1 Bed) and Unit K (3 Bed/2 Bath) are brand new ADU professionally designed apartments, fully permitted. Unit J is leased at $2,550/month and Unit K is currently vacant and ready to lease (application pending at $3,700/month). No other vacancies - these apartments lease FAST. Over the past 2 years, the building, common areas and units have been substantially upgraded (plumbing and drain lines, electrical, windows (some), exterior paint and repairs, upgraded lighting, new mailboxes, etc.), and only 2 units have not yet been remodeled. Extremely walkable neighborhood, with restaurants, markets, breweries and local retail up-and-down surrounding blocks. NO LOCAL RENT CONTROL - subject only to AB 1482.
  1. Listed by Noam Srolovitz • DRE #02069623 • Brokerage DRE #02069623 • Kape Property Management, Inc.
  2. Listed by Benjamin Lester • DRE #02033314 • Brokerage DRE #02069623 • Kape Property Management, Inc.

Property Details for 1751 Cabrillo Avenue

Zoning
TOCR-MD
Parcel Number
7357017014
Total Units
11.0
Living Area
8566
Source Living Area
Plans
Area
Old Torrance (134)
Vacancy Rate
1
Lot Size Area
8022

Location

Listing Courtesy of Kape Property Management, Inc., Noam Srolovitz, DRE #02069623; Kape Property Management, Inc., Benjamin Lester, DRE #02033314

Sold By CB Richard Ellis, Inc., Trey Mitchell, DRE #02060609

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LISTING UPDATED: 08/31/2023 01:17 PM

Property Details for 1751 Cabrillo Avenue

StatusSold
MLS #23-275022
Days on Market30
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.18 AC / 8,022 SF
CountyLos Angeles County

Location

Listing Courtesy of Kape Property Management, Inc., Noam Srolovitz, DRE #02069623; Kape Property Management, Inc., Benjamin Lester, DRE #02033314

Sold By CB Richard Ellis, Inc., Trey Mitchell, DRE #02060609

Add your commute

Building Information for 1751 Cabrillo Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.18 AC / 8,022 SF

Payment Calculator

$29,472 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,250

Property Taxes

$3,222

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1751 Cabrillo Avenue

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $316,706
  • Net Operating Income: $218,088.00
  • Gross Income: $316,706
  • Gross Rent Multiplier: $15.91
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 98618
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1842
  • Lot Size Square Feet: 8022
  • Lot Size Dimensions: 63x127
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 6
  • Open Other Spaces Total: 6
  • Parking Features: Driveway
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall, Other
  • Equipment: Built-Ins, Cable, Ceiling Fan, Dishwasher, Dryer, Other, Microwave, Ice Maker, Gas Dryer Hookup, Garbage Disposal, Freezer, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer, Water Line to Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Laundry: Washer Included, Dryer Included, Stackable
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Dwelling Unit
Lease Terms
Lease Terms
  • Entry Date: 05-31-2023
  • Tenant Pays: Electricity, Gas, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,636.00
  • Unit Actual Rent: $10,544.00
  • Unit Projected Rent: $11,600.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,595.00
  • Unit Actual Rent: $2,595.00
  • Unit Projected Rent: $2,595.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,114.00
  • Unit Actual Rent: $10,569.00
  • Unit Projected Rent: $11,350.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $473,441.00
  • Assessed Improvement Percent: 33.33
  • Assessed Land Value: $946,884.00
  • Assessed Land Percent: 66.67
  • Assessed Total Value: $1,420,325.00

Property History for 1751 Cabrillo Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1751 Cabrillo Avenue

Taxable ValueLand$1,020,000Additions$2,274,600Total$3,294,600
Tax Record2023$38,669 ($3,222 / month)
Home Facts
Total Finished SqFt6,953 SqFtAbove Grade Finished SqFt6,953 SqFtLot Size8,022 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningTOCR-MDCountyLOS ANGELESAPN7357-017-014

Schools near 1751 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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kape Property Management, Inc., Noam Srolovitz, DRE #02069623; Kape Property Management, Inc., Benjamin Lester, DRE #02033314

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.