Under Contract

24065 Ocean Avenue

Torrance CA, 90505


$456.85 per sqft

Under Contract

48,156 sqft


Built in 1962

Listed by Theodore Gardner with Gardner 310-377-9571

** Rare Opportunity: Multi-Family Investment Property in Prime Torrance Location! ** For the first time in nearly 40 years, an extraordinary investment opportunity has arrived in Torrance's most sought-after neighborhood. Allow us to introduce "Ocean House," an impeccably maintained 54-unit property that offers a blend of comfort and convenience in one desirable location. **Unparalleled Amenities: Residents of Ocean House are treated to a host of exceptional amenities that enhance their living experience. Immerse yourself in the refreshing waters of the spacious solar-heated swimming pool, surrounded by beautifully landscaped gardens. Enjoy the tranquility of the interior gardens and revel in the convenience of the updated on-site laundry facilities. **Thoughtful Unit Mix: Ocean House boasts a diverse mix of spacious units, with 28% being one-bedroom apartments and 70% offering two bedrooms. This variety caters to residents with different preferences and budgets, making it an attractive choice for a wide range of potential residents. **Promising Investment Potential: With favorable rental rates and potential for Ratio Utility Billing System (RUBS), this turn-key property offers investors an approximate 30% increase in income potential. Take advantage of this opportunity to secure a healthy and profitable cash flow from day one. **Ideal Location: Nestled in the heart of South Torrance, Ocean House provides residents with proximity to pristine beaches, popular shopping centers, renowned dining hotspots, picturesque parks, top-rated schools, and major transportation routes. Experience the best of urban living while enjoying the peace and serenity of a suburban setting. **Well-Maintained and Updated: Ocean House has been meticulously cared for, brand new roof was installed in May 2023. This attention to detail ensures a hassle-free investment and peace of mind for owners. **Don't Miss Out on this Once-in-a-Lifetime Opportunity! Properties like Ocean House, with its exceptional amenities, prime location, and remarkable investment potential, are incredibly rare in Torrance. This is your chance to seize a multi-family investment property that has not been available for nearly four decades. Contact our dedicated sales team today to secure your slice of Torrance's prosperous real estate market and start enjoying the benefits of this turn-key investment opportunity! ** Disclaimer: The information provided here is subject to change. **



July 7, 2023


October 21, 2023



24065 Ocean Avenue
Torrance CA, 90505

Interior Features

Total Stories


Laundry Description

Common Area







Exterior/Building Features

Lot Size

1.27 acres

Lot Features

Corner Lot, Lot Over 40000 Sqft, Landscaped, Level, Near Park


Public Sewer

Other Property Details

Days on Market


Association Amenities

Park, Pool



Garage Spaces



Assigned, Controlled Entrance

Parking Total





Los Angeles

Water Source




Pool Features

Community, Fenced, In Ground

Listing History





Under Contract

Listing Contact: 310-377-9571 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/21/2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/21/2023 at 1:27 AM UTC


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