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Listed by Derf Fredericks, DRE #00491652 • Fredericks Realty
$ 3,500,000
Est. payment /mo
Contingent
5326 Lorna ST Torrance, CA 90503
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRSB26098719
Year Built 1960
Lot Size 0.324 Acres
Source California Regional MLS
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 Bay's 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 (~$36K annually), contributing to an at
Location
State CA
County Los Angeles
Area 131 - West Torrance
Rooms
Kitchen Other, Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Laundry Washer/Dryer - Owned, Community Facility
Exterior
Parking Features Assigned Spaces, Common Parking - Shared, Gate / Door Opener
Garage Spaces 11.0
Pool 31, None
View None
Building
Lot Description Corners Marked
Water District - Public
Others
Tax ID 7519001065
Special Listing Condition Not Applicable , Accepting Backups
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