2016 Plaza Del Amo Torrance, CA 90501

Property Details for 2016 Plaza Del Amo

Year built

1959

Property size

2,854 SF

Property type

Commercial real estate

Description

This exceptional four-unit apartment building presents a rare opportunity in Old Torrance, CA. Situated on a desirable corner lot spanning 6,496 square feet, this property boasts 2,854 square feet of living space, comprised of two spacious two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units. Each of the two larger units offers a single-family home feel and will be delivered vacant, making it ideal for owner-occupancy. The building features four single-car garages, strategically arranged around a central yard. Built in 1959, this Class C multifamily property offers significant upside potential. The property benefits from separate gas and electric meters, and there is no local rent control (buyer to verify applicability of CA AB1482). Currently at 50% occupancy, this presents an immediate opportunity to increase rental income. Value-add opportunities include repositioning leases on the one-bedroom units, converting existing owner storage space (with laundry hookups) into a community laundry facility, and potentially converting garages into accessory dwelling units (ADUs). Its prime location near Torrance Elementary and Torrance High School, parks, shopping centers, and major employment hubs ensures consistent rental demand. Convenient access to the 110 freeway, Torrance Crossroads, Del Amo Shopping Center, Torrance Beach, and King Harbor further enhances its appeal. This is a compelling investment for both owner-users and investors seeking a strong return on investment in a highly desirable Southern California location.

Location Insight

City

Torrance

County

Los Angeles

State

California

Longitude

-118.31750948386

Latitude

33.824770765845