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3320 Redondo Beach Blvd
Torrance, CA 90504 Torrance

$10,500,000 USD

Apartments For Sale  •  20,540 SF

Property Details

  • Property Type Apartments
  • Total Building Size 20,540 SF
  • Lot Size 0.64 AC
  • Building Class B
  • Year Built 1971
  • Cap Rate 4.06 %
46 Transit Score
63 Walk Score

Highlights

Rare Turnkey Torrance Asset positioned for enhanced yield through strategic management and optimization.
Turnkey property with major improvements including seismic retrofit, newly resurfaced roof, all-copper plumbing, new main sewer line, and more!
Seven brand-new ADUs with modern finishes and tankless water heaters!
Compelling Value-Add Upside to current NOI through rent growth with strategic unit turns, unit rehab, and implementation of RUBS.
Prime South Bay location, governed only by state rent control (AB 1482), and surrounded by exceptional retail, recreation, major freeways, and more!

Financial Summary (Actual)

Net Operating Income: $425,959 USD (2026)
Cap Rate: 4.06 %
Total Expenses: $301,278 USD

Major Tenants

Tenant SF Occupied Lease End Date
Ketum LLC

Amenities

  • Balcony
  • Cable Ready
  • Laundry Facilities
  • Picnic Area
  • Pool
  • Storage Space
  • Gated
  • Grill
  • Tile Floors
  • Granite Countertops
  • Refrigerator
  • Satellite TV
  • Range
  • Tub/Shower
  • Carpet
  • Smoke Free

Public Transportation

AirportDriveWalkDistance
Los Angeles International 14 min - 8.8 mi
Long Beach (Daugherty Field) 19 min - 13.0 mi
Bob Hope 42 min - 31.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Covered
Included in Rent: Yes
Joshua Cohen 310-480-2130 The Cohen Group
Joshua Cohen 310-480-2130 The Cohen Group