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3929 W 242nd St
Torrance, CA 90505 Walteria

$15,500,000 USD

Apartments For Sale  •  36,096 SF

Property Details

  • Property Type Apartments
  • Total Building Size 36,096 SF
  • Lot Size 1.03 AC
  • Building Class C
  • Year Built 1961
  • Cap Rate 5.13 %
  • Zoning TOCR-MH
30 Transit Score
70 Walk Score

Highlights

Prime Location: 48-unit multifamily investment asset located in Torrance, California.
Substantial Footprint: 36,096 net rentable square feet situated on a spacious 1.03-acre lot (built in 1961).
Favorable Unit Mix: Strong base of 38 one-bedroom units, complemented by 10 two-bedroom units.
Proven Upside: 8 units have already been extensively renovated with luxurious finishes.
Community Design: Garden-style layout with buildings oriented around inviting, shared interior courtyards.
Desirable Amenities: Features a swimming pool, resident clubhouse, and two on-site laundry facilities.

Financial Summary (Actual)

Net Operating Income: $785,817 USD (2026)
Cap Rate: 5.13 %
Total Expenses: $481,483 USD

Major Tenants

Tenant SF Occupied Lease End Date
American Electric & Plumbing

Amenities

  • Courtyard
  • Heating
  • Kitchen

Public Transportation

AirportDriveWalkDistance
Los Angeles International 23 min - 13.3 mi
Long Beach (Daugherty Field) 25 min - 14.1 mi
Bob Hope 52 min - 36.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 48
Type: Covered
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap