1754 Martina Ave - Apartments FOR SALE


Torrance, CA 90501- Olde Torrance Neighborhood
$1,700,000 USD
310-595-3642
1754 Martina Ave, Torrance, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

1754 Martina Ave
Torrance, CA 90501
Olde Torrance Neighborhood


HIGHLIGHTS

  • First Time Listed For Sale In 40+ Years
  • AB-1482 Rent Control: 5% + CPI Annual Rent Increases
  • Value-Add Opportunity: Over 83% Rental Upside Potential
  • Two (2) Private Garages and Four (4) Tuck-Under Parking
  • Phenomenal Historic Old Town Torrance Location
  • On-Site Laundry Room

OVERVIEW

JLL, as exclusive advisor, is excited to present for sale 1754 Martina (“the property”), a 6-unit, value-add multifamily investment opportunity located in the heart of the Historic Old Torrance submarket of Torrance, CA. Built in 1962 and not subject to LA RSO rent control, 1754 Martina has been well kept by current ownership and is now available for sale for the first time in 40+ years. The property has a phenomenal unit mix featuring three 1-bedroom units, and three 2-bedroom units. 1754 Martina has a total of six parking spaces with four tuck-under and two private garage spaces. The property offers significant value-add potential, with two renovated units and the remainder featuring original finishes. Current average rents are 83% below market rates, which present a golden opportunity for comprehensive upgrades including modern finishes, stainless steel appliances, and new flooring. By implementing these improvements and adopting an aggressive 5% plus CPI annual rent increase strategy, new ownership can substantially boost rental income, aligning the property with market standards and maximizing its financial performance. Located in the highly desirable Torrance Unified School District, the property is directly opposite from Torrance High School and is within a one-mile radius of other nearby schools. Its strategic position provides excellent access to major industries, including the South Bay’s Aerospace and Defense sector, Santa Monica’s Silicon Beach, and the two largest ports on the West Coast -the Port of Los Angeles and the Port of Long Beach. This prime location ensures steady demand from a diverse pool of potential tenants, making 1754 Martina an attractive investment opportunity in a dynamic and growing market.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

6

PRICE/UNIT

$283,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,443 SF

ZONING

TORR-MD

APN/PARCEL ID

7359-001-015

ASK ABOUT THIS PROPERTY

310-595-3642

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310-595-3642

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