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32710265
32710266

5326 Lorna Street, Torrance, CA 90503

DF
CA 01903928
Fredericks Realty
DF
Fredericks Realty
Listed by Fredericks Realty
$3,990,000
31 days on market
Updated 19 days ago

5326 Lorna Street

Details
APN 7519001065
Property Type Multifamily
Sub Type Apartment Building
Units 11
Buildings 1
Acreage 0.324
Zoning Assessor

Multifamily | 11 Units

Marketing 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
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Listing Contacts

DF
CA 01903928
Fredericks Realty
DF
Fredericks Realty
Listed by Fredericks Realty

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Additional Information

Name
Danny Fredericks
License
01903928
Brokerage
Fredericks Realty
Brokerage Phone
3238058141
Title
Broker
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