Residential Income Property with
3110 Merrill Drive, Torrance, CA 90503
For Sale
$589,000
Torrance, CA
Property Size1,420 SF
Lot Size4.03 Acres
Price / SF$414.79
Days on Market80
Property Features for 3110 Merrill Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Lot features
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
HOA Fee
Utilities
Sewer type
Heating system
Water source
Amenities
community pool
recreation room
private patio
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Century 21 Coastal Properties · Century 21 Real Estate
Listed By:
Eric Rook · License CA #01713209
(310) 371-6330
Added: Aug 26
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# SB26186695
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,420-square-foot lower-level residence was built in 1964 and has two bedrooms and two bathrooms. Interior features include laminate flooring, recessed kitchen lighting, a nearby area suited to use as an office or study, and radiant heating. A private walled patio extends the living area outdoors, and dual-pane windows were installed August 22, 2026.
Community amenities include a pool and recreation room. The property also has tandem garage parking, with assigned parking noted among its features. Public water and sewer serve the property.
Community amenities include a pool and recreation room. The property also has tandem garage parking, with assigned parking noted among its features. Public water and sewer serve the property.
Key Highlights
- 1,420‑square‑foot lower‑level residence with 2 bedrooms and 2 bathrooms
- Private walled patio
- Dual‑pane windows installed August 22, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,849
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,980
$457.0K
Cap Rate 7%
$326,414
$326.4K
Cap Rate 9%
$253,878
$253.9K
Market Conditions
NOI Build-Up for 1,420 SF
Gross rent
$45.2K $31.80/SF
− Vacancy
−$3.6K −$2.54/SF
EGI
$41.5K $29.26/SF
− OpEx
−$18.7K −$13.17/SF
NOI
$22.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,980
Cap Rate 7%
$326,414
Cap Rate 9%
$253,878
Alternative Uses
Best Use
Apartment 5plus
$326.4K
$285.6K – $380.8K
NOI $22,849 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$579.4K
$506.9K – $675.9K
NOI $40,555 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,946
Businesses Nearby
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Business Placement
Demographics for 90503, CA
45,386
Population
18,189
Households
2.5
Avg Household Size
42
Median Age
55%
College-Educated
96%
High-School Grad
5.3 sq mi
ZIP Area
8,563
Density / Sq Mi
$119,685
Median Household Income
$71,848
Median Earnings
$2,249
Median Rent
$1,058,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Torrance, CA
Properties on Market for Residential income properties in Torrance
Frequently Asked Questions
What type of property is this?
Residential income property - The 2-bedroom, 2-bathroom lower-level residence includes tandem garage parking and access to a community pool and recreation room.
Where is this residential income property located?
The property is located at 3110 Merrill Drive Torrance, CA.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: 1,420‑square‑foot lower‑level residence with 2 bedrooms and 2 bathrooms; Private walled patio; Dual‑pane windows installed August 22, 2026
