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Multifamily

23315 Arlington Ave

23315 Arlington Ave, Torrance, CA 90501

Listing Price: $3,250,000

Cap Rate
4.54%
Number of Units
10
GRM
13.81
Price/Unit
$325,000
Price/Gross SF
$395.96
Gross SF
8,208

Investment Overview

Marcus & Millichap is pleased to present to market 23315-23323 Arlington Avenue, two five-unit buildings on contiguous parcels in Torrance, California. This offering presents an excellent opportunity to acquire an asset well-located in the desirable inland South Bay rental market that boasts all two-bedroom/one-bath units and 27 percent rental upside.

23315-23323 Arlington Avenue consists of two two-story buildings, one of which is on a corner lot, and 10 two-bedroom/one-bath units that are separately metered for gas and electricity. The buildings also feature on-site laundry and a tuck-under parking space with storage for each unit.

The property is in a great location proximate to schools; both J.H. Hull Middle School and Wood Elementary are just one block away, and the major Torrance Crossroads shopping center is just one mile away, offering tenants convenient proximity to retail.

Investment Highlights

  • Excellent opportunity to acquire two contiguous five-unit buildings in the desirable Torrance rental market
  • All two-bedroom/one-bath units
  • Properties feature on-site laundry, new windows, and carport parking with storage fore ach unit
  • Great Torrance location within one block of both an elementary school and a middle school; average household income within one mile is $131K

Exclusively Listed By

Multifamily

23315 Arlington Ave

Listing Price: $3,250,000

Cap Rate
4.54%
Number of Units
10
GRM
13.81
Price/Unit
$325,000
Price/Gross SF
$395.96
Gross SF
8,208

Investment Highlights

  • Excellent opportunity to acquire two contiguous five-unit buildings in the desirable Torrance rental market
  • All two-bedroom/one-bath units
  • Properties feature on-site laundry, new windows, and carport parking with storage fore ach unit
  • Great Torrance location within one block of both an elementary school and a middle school; average household income within one mile is $131K

Investment Overview

Marcus & Millichap is pleased to present to market 23315-23323 Arlington Avenue, two five-unit buildings on contiguous parcels in Torrance, California. This offering presents an excellent opportunity to acquire an asset well-located in the desirable inland South Bay rental market that boasts all two-bedroom/one-bath units and 27 percent rental upside. 23315-23323 Arlington Avenue consists of two two-story buildings, one of which is on a corner lot, and 10 two-bedroom/one-bath units that are separately metered for gas and electricity. The buildings also feature on-site laundry and a tuck-under parking space with storage for each unit. The property is in a great location proximate to schools; both J.H. Hull Middle School and Wood Elementary are just one block away, and the major Torrance Crossroads shopping center is just one mile away, offering tenants convenient proximity to retail.

Exclusively Listed By

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