24065 Ocean Avenue, Torrance, CA 90505

0 beds 0 baths 55,418 sq.ft.

Offerered at: $17,999,999.00

Project/Tract: Meadow Park
County: Los Angeles
Year Built: 1962
Association Fees: $0.00/mo.

Property Description

**Rare Opportunity: Prime Multi-Family Investment Property in Torrance!** For the first time in nearly 40 years, "Ocean House," a meticulously maintained 54-unit property, is available in Torrance’s most desirable neighborhood. This property offers exceptional amenities, including a solar-heated swimming pool surrounded by lush landscaping, serene interior gardens, and updated on-site laundry facilities, delivering both comfort and convenience for residents. The thoughtfully designed unit mix features one-bedroom units and two-bedroom units, catering to a wide range of renters and budgets. Located in South Torrance, Ocean House offers proximity to pristine beaches, shopping, dining, parks, top-rated schools, and major transportation routes, combining the convenience of urban living with the tranquility of a suburban setting. The property has been meticulously maintained, with a new roof installed in May 2023, reflecting its excellent upkeep and attention to detail. **Disclaimer:** The information provided is subject to change.

ESSENTIAL INFO

  • Status: Active Under Contract