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34262160
34262161

23805 Arlington Avenue, Torrance, CA 90501

SB
CA 01859098
Berkadia Commercial Mortgage El Segundo
Listed by Berkadia Commercial Mortgage El Segundo
$15,995,000
8 days on market
Updated 8 days ago

Arlington Square Apartments

Details
APN 7371-027-027
Property Type Multifamily
Sub Type Apartment Building
Square Footage 26,846
Units 36
Cap Rate 5.09%
NOI $814,464
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5.52%
Pro-Forma NOI $882,268
Price per SqFt $596
Class B
Year Built 1964
Year Renovated 2024
Buildings 1
Acreage 0.890
Parking Spaces 40 spaces
Parking per 1,000 SqFt 1.49
Investment Type Value Add

Multifamily | 5.09% CAP | 36 Units

Marketing description

Arlington Square Apartments represents a rare, turnkey investment opportunity following an impressive $2M+ capital transformation completed over the past 24 months. This 36-unit garden-style community in Southeast Torrance has been comprehensively reimagined—from a complete exterior and interior rebrand to thoughtful amenity upgrades that have repositioned the asset for today's renters.

Built in 1964 and conveniently located approximately 20 miles south of Los Angeles and 5 miles from the beach, Arlington Square now showcases a modern aesthetic with fresh exterior paint, contemporary signage, and enhanced curb appeal. The ownership's vision extended beyond cosmetics: a newly designed courtyard with communal BBQ area creates an inviting social hub, while upgraded landscaping, controlled access entry, on-site laundry facilities and a brand-new leasing office round out the resident experience.

The renovation program speaks for itself: 33 of 36 units have been fully renovated and are generating strong rent premiums. Only three original-condition units remain, two occupied by long-term residents and one vacant unit currently offered at $2,195/month. This trio offers immediate, high-ROI value-add potential, as the sellers have secured the necessary permits to renovate the final 3 units.

With an attractive unit mix of one-, two-, and three-bedroom floor plans averaging approximately 746 square feet, 40 private garages (1.1:1 ratio), an on-site management office, and proximity to local shopping and dining, Arlington Square delivers the rare combination of a stabilized, cash-flowing asset with minimal remaining lease-up risk and a proven value-add playbook already executed.

Investment highlights

  • 33 of 36 units fully renovated – turnkey and zero CapEx required
  • Over $2 Million invested in the property in the last 24 months
  • $100/unit below market – 5-10% rent upside without additional investment
  • Upgraded units feature: quartz counters, stainless steel appliances, and vinyl plank flooring
  • Torrance schools consistently rank in top 10% of California schools
  • Prime Torrance location on Arlington Corridor near emerging Lomita downtown
  • One-mile to Palos Verdes, three miles to Old Town Torrance, and five miles to the beach

Listing Contacts

SB
CA 01859098
Berkadia Commercial Mortgage El Segundo
Listed by Berkadia Commercial Mortgage El Segundo

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$814,464.00
$67,872.00/mo

Valuation Metrics

0
DSCR
5.09%
Cap Rate
5.09%
ROI

Map

Zoning

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RP MixedMixed UseResidential Professional District
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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