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Mixed-Use

Torrance Mixed-Use Residential

22324 Normandie Ave, Torrance, CA 90502

Listing Price: $2,850,000

Cap Rate
5.00%
Number of Units
5
Occupancy
100.0%
Price/Unit
$570,000
Price/Gross SF
$396.94
Gross SF
7,180

Investment Overview

Marcus & Millichap is proud to present a rare opportunity to acquire a multi-use property located in the city of Torrance. This property is 41,905 square feet and is currently being operated as a multi-use investment with apartments, commercial building, a office, and an industrial yard for a local contractor. This investment is perfect for an owner user, investor or even an Industrial developer. The property is currently zoned M-1 and is made up of one large single family residence, 4 apartments units, 1 storefront commercial building and an industrial yard with a service building and an office. The single family residence is a large 3 bedroom 3 bath house that has undergone a complete renovation in 2006. The apartments consists of two single story one bedroom and one bath units, one single story three bedroom two bath unit, and a single story two bedroom two bath unit. The front building is a stand-alone 650 sq. ft. building that currently can be operated as a Retail/office space. This unit has utility service for water, gas, and electricity which makes it very easy to convert into a residential/ADU unit.

Investment Highlights

  • Large Lot: 41,905 Square Feet
  • City of Torrance (LA County)
  • Five Separate Buildings
  • Current M1 Zoning LA County
  • Industrial Development Opportunity
  • Five Legal Non-Conforming Residential

Exclusively Listed By

  • Izzy Sanchez

    First Vice President Investments

    Email Izzy

    License(s): CA: 01236591

    South Bay

Mixed-Use

Torrance Mixed-Use Residential

Listing Price: $2,850,000

Cap Rate
5.00%
Number of Units
5
Occupancy
100.0%
Price/Unit
$570,000
Price/Gross SF
$396.94
Gross SF
7,180

Investment Highlights

  • Large Lot: 41,905 Square Feet
  • City of Torrance (LA County)
  • Five Separate Buildings
  • Current M1 Zoning LA County
  • Industrial Development Opportunity
  • Five Legal Non-Conforming Residential

Investment Overview

Marcus & Millichap is proud to present a rare opportunity to acquire a multi-use property located in the city of Torrance. This property is 41,905 square feet and is currently being operated as a multi-use investment with apartments, commercial building, a office, and an industrial yard for a local contractor. This investment is perfect for an owner user, investor or even an Industrial developer. The property is currently zoned M-1 and is made up of one large single family residence, 4 apartments units, 1 storefront commercial building and an industrial yard with a service building and an office. The single family residence is a large 3 bedroom 3 bath house that has undergone a complete renovation in 2006. The apartments consists of two single story one bedroom and one bath units, one single story three bedroom two bath unit, and a single story two bedroom two bath unit. The front building is a stand-alone 650 sq. ft. building that currently can be operated as a Retail/office space. This unit has utility service for water, gas, and electricity which makes it very easy to convert into a residential/ADU unit.

Exclusively Listed By

  • Izzy Sanchez

    First Vice President Investments

    Email Izzy

    License(s): CA: 01236591

    South Bay

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