Torrance CA Multi Family for Sale
$5,000,000
22102 Normandie Avenue Torrance, CA 90502
- Type:
- Mixed Use
- Sq.Ft.:
- 11,754
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.88 Acres
- Year built:
- 1947
- Baths:
- MLS#:
- SB25007323
ADDITIONAL INFORMATION
VERY RARE OPPORTUNITY. The proposed project envisions a three-story senior retirement facility/Special Needs with approximately 40 units. By applying for a zoning variance or rezoning from R-1 to a multi-family residential designation (R-3 or R-4), the property could support a high-density senior housing development. This property spans approximately 38,165 square feet across three parcels, located under the Los Angeles County jurisdiction with a Torrance postal code. The current zoning is R-1 (Single-Family Residence), with existing structures that allow for interim rental income while development plans are formalized. Given the growing demand for senior housing in LA County, this property is ideally positioned for a *three-story Senior Retirement or Special Needs facility*—leveraging the owner’s expertise in senior care and housing. 22040 AND 22042 NORMANDIE ARE INCLUDED IN THE SALE. SEE SUPPLEMENTS FOR MORE INFORMATION.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 16
- Lot size:
- 0.19 Acres
- Year built:
- 1919
- Baths:
- MLS#:
- CL24457229
View additional info
Courtesy: Realty ONE Group United
ADDITIONAL INFORMATION
This residential income property is ideally situated in Torrance, close to parks and dining options. It features multiple bedrooms and five bathrooms, accommodating various living arrangements. Recent upgrades enhance its appeal for potential cash flow. The layout includes approximately 2,000sqft on the first floor, with additional space in the basement and second floor, as well as an 800sqft backhouse. The basement has been transformed into two industrial-style studio units to maximize income potential. With three levels, including a strong foundation basement, this property offers ample room for both living and storage. It is currently partially leased, providing immediate rental income. This stunning duplex boasts around 7,480sqft of living space on a 8,754sqft lot. Its spacious layout makes it ideal for families or as a potential rental opportunity. It's an excellent investment opportunity at this unbelievable price, featuring substantial living space and income-generating capabilities, making them attractive options for investors and people who is looking for additional cash flow.
- Type:
- Duplex
- Sq.Ft.:
- 2,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1959
- Baths:
- MLS#:
- WS24198823
ADDITIONAL INFORMATION
Residential income opportunity located at the gateway of Torrance. Close proximity to parks and Front house is 1200 SF featuring 3 bedrooms and 2 bathrooms. With new flooring installed a few years ago and a renovated bathroom, the cozy home also features a spacious kitchen. The backhouse is approximately 800 SF with 1 bedroom and 1 full bathroom with the bonus of its own private yard. To add to the income stream, the garage was converted to two units featuring one studio and another being 1 bedroom and 1 bathroom. The property is fully leased.
$1,250,000
20612 Kenwood Avenue Torrance, CA 90502
- Type:
- Triplex
- Sq.Ft.:
- 2,400
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1959
- Baths:
- MLS#:
- RS24000003
ADDITIONAL INFORMATION
Very nice 3 units complex in 3 separate units, seller has finalized plans and permits for 2 additional units this would be a very nice property with 2 additional units., bring your investors, builders,
Torrance Real Estate
The median home value in Torrance, CA is $695,000. This is lower than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Torrance, CA is $695,000. Approximately 67.68% of Torrance homes are owned, compared to 25.35% rented, while 6.98% are vacant. Torrance real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Torrance real estate agent to arrange a tour today!
Torrance, California 90502 has a population of 22,024. Torrance 90502 is less family-centric than the surrounding county with 27.05% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Torrance, California 90502 is $84,914. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Torrance 90502 is 45.4 years.
Torrance Weather
The average high temperature in July is 78.3 degrees, with an average low temperature in January of 47.1 degrees. The average rainfall is approximately 13.7 inches per year, with 0 inches of snow per year.