1913 Cabrillo Avenue

Torrance, CA 90501

$3,900,000
Price
9
Beds
7
Baths
4,982 Sq. Ft.
$783 / Sq. Ft.
4,982
Sq. Ft.
$783
per Sq. Ft.

Description

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...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.
  1. Listed by John Katnik • DRE #02002695 • Brokerage DRE #01765179 • BRC Advisors- BH

Property Details for 1913 Cabrillo Avenue

Zoning
TORR-MD
Parcel Number
7357018009
Total Units
6.0
Living Area
4982
Source Living Area
Builder
Area
Old Torrance (134)
Vacancy Rate
50%
Lot Size Area
6302

Location

Listing Courtesy of BRC Advisors- BH, John Katnik, DRE #02002695
Add your commute
LISTING UPDATED: 03/30/2024 12:01 AM

Property Details for 1913 Cabrillo Avenue

StatusActive
MLS #24-371797
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.14 AC / 6,302 SF
CountyLos Angeles County

Location

Listing Courtesy of BRC Advisors- BH, John Katnik, DRE #02002695
Add your commute

Building Information for 1913 Cabrillo Avenue

Stories2Residences-Year Built1930Building Size-Lot Size0.14 AC / 6,302 SF

Payment Calculator

$22,168 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,284

Property Taxes

$884

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1913 Cabrillo Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1s and 2s
  • Direction Faces: East
  • Property Condition: New Construction, Updated/Remodeled
  • Water Heaters: Yes
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $218,520
  • Net Operating Income: $160,045.00
  • Gross Income: $216,000
  • Cap Rate: 4.10%
  • Gross Rent Multiplier: $18.06
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 58475
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Lot Acreage: 0.1447
  • Lot Size Square Feet: 6302
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Cooling Type: Central, Air Conditioning, Wall Unit(s)
  • Heating: Central, Wall Furnace
  • Heating Type: Central, Wall
  • Flooring: Vinyl
  • Equipment: Washer, Dryer, Dishwasher, Microwave, Refrigerator, Range/Oven
  • Kitchen Features: Quartz Counters
  • Common Walls: Attached
  • Cooking Appliances: Gas
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-26-2024
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,350.00
  • Unit Actual Rent: $3,350.00
  • Unit Projected Rent: $3,350.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,250.00
  • Unit Actual Rent: $3,250.00
  • Unit Projected Rent: $3,350.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,350.00
  • Unit Actual Rent: $3,350.00
  • Unit Projected Rent: $3,350.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,850.00
  • Unit Actual Rent: $2,850.00
  • Unit Projected Rent: $2,850.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $341,347.00
  • Assessed Improvement Percent: 42.09
  • Assessed Land Value: $469,580.00
  • Assessed Land Percent: 57.91
  • Assessed Total Value: $810,927.00
  • Private Transfer Taxes: No

Property History for 1913 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 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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1913 Cabrillo Avenue is a multi-family home for sale in Torrance, CA 90501. This property was listed for sale on March 22, 2024 by BRC Advisors- BH, it's currently listed at $3,900,000. It has been on the market for a total of 37 days and was last sold on November 12, 2015. This listing's school district is Torrance Unified School District. Nearby schools include Torrance Elementary School, J. H. Hull Middle School and Torrance High School. 1913 Cabrillo Avenue is a 9-bed, 7-bath, 4,982 sqft multi-family home built in 1930.

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 BRC Advisors- BH, John Katnik, DRE #02002695

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.