Contact Xavier Gomez
Contacting Xavier Gomez
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
24065 Ocean Avenue, Torrance, CA 90505
Priced at Only: $17,999,999
For more Information Call Mobile: 714.478.6676
Address: 24065 Ocean Avenue, Torrance, CA 90505
Request More Information
  • All fields are required.
  • MLS#: SB24247906 ( Apartment )
  • Street Address: 24065 Ocean Avenue
  • Viewed: 5
  • Price: $17,999,999
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 14
  • Additional Information
  • County: LOS ANGELES
  • City: Torrance
  • Zipcode: 90505
  • Provided by: Gardner
  • Contact: Theodore Theodore
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    **Rare Opportunity: Prime Multi Family Investment Property in Torrance!** For the first time in nearly 40 years, "Ocean House," a meticulously maintained 54 unit property, is available in Torrances most desirable neighborhood. This property offers exceptional amenities, including a solar heated swimming pool surrounded by lush landscaping, serene interior gardens, and updated on site laundry facilities, delivering both comfort and convenience for residents. The thoughtfully designed unit mix features one bedroom units and two bedroom units, catering to a wide range of renters and budgets. Located in South Torrance, Ocean House offers proximity to pristine beaches, shopping, dining, parks, top rated schools, and major transportation routes, combining the convenience of urban living with the tranquility of a suburban setting. The property has been meticulously maintained, with a new roof installed in May 2023, reflecting its excellent upkeep and attention to detail. **Disclaimer:** The information provided is subject to change.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 48156.00
Carport Spaces
  1. 52.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Current Financing
  1. Assumable
  2. Conventional
Electric Expense
  1. 6418.00
Entry Location
  1. On Ocean Ave.
Exclusions
  1. Statue
Fuel Expense
  1. 17619.00
Garage Spaces
  1. 2.00
Gardner Expense
  1. 13596.00
Inclusions
  1. Owned laundry equipment
Insurance Expense
  1. 21800.00
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Common Area
Laundry Income
  1. 17057.00
Levels
  1. Two
Lockboxtype
  1. See Remarks
Lot Features
  1. Corner Lot
  2. Landscaped
  3. Lot Over 40000 Sqft
  4. Level
  5. Park Nearby
Netoperatingincome
  1. 903142.00
Newtaxesexpense
  1. 207464.00
Number Of Separate Electric Meters
  1. 54
Number Of Separate Gas Meters
  1. 54
Number With Disposal
  1. 54
Number With Range
  1. 54
Otherincome1
  1. 8098.00
Otherincomedescription
  1. Pet rent
Parcel Number
  1. 7534006018
Parking Features
  1. Assigned
  2. Controlled Entrance
Pool Expense
  1. 5100.00
Pool Features
  1. Community
  2. Fenced
  3. In Ground
Postalcodeplus4
  1. 6438
Professionalmanagementexpense
  1. 49227.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 428560491:CRM
Subdivision Name Other
  1. Meadow Park
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
Totalactualrent
  1. 119907.00
Totalexpenses
  1. 50343.00
Trash Expense
  1. 17200.00
Vacancyallowance
  1. 57555
Water Sewer Expense
  1. 31300.00
Water Source
  1. Public
Year Built
  1. 1962
Year Built Source
  1. Assessor
Zoning
  1. TOCR-MH
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
Request More Information
  • All fields are required.