$17,999,999
For Sale

24065 Ocean Avenue

Torrance, CA 90505
1.27 acres | #SB24247906
Listing OfficeGardner
Browse 18 photos
Type:Multi-Family
Structure:House
Zone:Residential

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 Torrance’s 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.

  • Property Details
      • Lot DescriptionCornerLot, LotOver40000Sqft, Landscaped, Level, NearPark
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • CountyLos Angeles
      • Original List Price$17,999,999
      • MLS #SB24247906
      • MLS #SB24247906
      • Property SubtypeApartment
      • Cost17999999
      • Acres1.2722
      • Utility SourcePublic
      • Year Built1962
      • Stories2
      • Parking Spaces2

Location

Rami ElminoufiReal Estate Group
$
years

Down Payment

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%
20.0%

Interest Rate

%
5.0%

Tax Rate

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1.3%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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