16
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$3,990,000
Est. payment /mo
6 Beds
4 Baths
0.32 Acres Lot
New
5326 Lorna Street Torrance, CA 90503
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26098719
Bedrooms 6
Lot Size 0.324 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Prime 11-Unit Investment Opportunity in West Torrance Located in the highly desirable West Torrance neighborhood, this 11-unit multifamily property offers a rare opportunity to acquire a well-positioned asset in one of the South Bays most stable rental markets. Situated on a corner lot totaling over 14,000 sq ft, the property features a two-story layout with excellent accessibility and tenant appeal. The unit mix consists of spacious 1 and 2-bedroom units, providing strong rental demand and flexibility. Each unit is equipped with vinyl flooring, gas stoves and ovens, and wall furnace heating, with separately metered gas and electricity for tenant convenience and reduced owner expenses. Tenants benefit from assigned parking with 11 garage spaces, community laundry (owner-owned for additional income potential), and a well-maintained layout with minimal interior steps. The property is located in a quiet residential setting with sidewalks, curbs, and street lighting, enhancing long-term tenant desirability. From an investment perspective, the asset presents significant upside potential, with current rents below market and a strong pro forma income trajectory. The property currently generates solid income with low operating expenses (~$42K annually), contributing to an attractive expense ratio and long-term cash flow opportunity. Conveniently located near Torrance Blvd and major retail, dining, and employment centers, this property benefits from strong rental demand driven by its central South Bay location. This is an ideal opportunity for investors seeking stable income, operat
Location
State CA
County Los Angeles
Zoning Assessor
Direction Torrance Blvd & Henrietta Street
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7519001065
Acceptable Financing Cash, Conventional, Seller May Carry
Listing Terms Cash, Conventional, Seller May Carry
Listed by Derf Fredericks, DRE#00491652 Fredericks Realty
Nearby Locations
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