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Listed by Theodore Gardner • Gardner
Bought with John Katnik • BRC Advisors- BH
Bought with John Katnik • BRC Advisors- BH
$ 18,000,000
$ 17,999,999
Est. payment | /mo
48,156 SqFt
$ 18,000,000
$ 17,999,999
Est. payment | /mo
48,156 SqFt
Key Details
Sold Price $18,000,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 48,156 sqft
Price per Sqft $373
MLS Listing ID CRSB24247906
Sold Date 02/20/25
HOA Y/N No
Year Built 1962
Lot Size 1.272 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
**Rare Opportunity: Prime Multi-Family Investment Property in Torrance!** For the first time in nearly 40 years, "Ocean House," a meticulously maintained 54-unit property, is available in Torrance’s most desirable neighborhood. This property offers exceptional amenities, including a solar-heated swimming pool surrounded by lush landscaping, serene interior gardens, and updated on-site laundry facilities, delivering both comfort and convenience for residents. The thoughtfully designed unit mix features one-bedroom units and two-bedroom units, catering to a wide range of renters and budgets. Located in South Torrance, Ocean House offers proximity to pristine beaches, shopping, dining, parks, top-rated schools, and major transportation routes, combining the convenience of urban living with the tranquility of a suburban setting. The property has been meticulously maintained, with a new roof installed in May 2023, reflecting its excellent upkeep and attention to detail. **Disclaimer:** The information provided is subject to change.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
Lot Description Corner Lot, Level, Other
Water Public
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745