Subscribe below to keep up with our latest updates

    Main Content



    Property Description

    ** Rare Opportunity: Multi-Family Investment Property in Prime Torrance Location! **rnrnFor 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.rnrn**Unparalleled Amenities:rnResidents 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.rnrn**Thoughtful Unit Mix:rnOcean 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.rnrn**Promising Investment Potential:rnWith 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.rnrn**Ideal Location:rnNestled 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.rnrn**Well-Maintained and Updated:rnOcean 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.rnrn**Don’t Miss Out on this Once-in-a-Lifetime Opportunity!rnrnProperties 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!rnrn** Disclaimer: The information provided here is subject to change. **

    : Fenced, In ground, Community
    : 54.00
    : Common Area
    : Controlled Entrance, Assigned
    : Public Sewer
    : 2+ Common Walls
    : Public
    : Owned Laundry Equipment
    : Park Nearby, Landscaped, Level, Lot Over 40000 Sqft, Corner Lot
    : Park
    : On Ocean Ave.
    Address Map
    W119° 38' 43''
    N33° 48' 18.4''
    MLS Addon
    55,418 Sqft
    : Standard, Trust
    From PCH and Hawthorne, head west on PCH, turn left on Ocean.
    : Statue
    125 - Walteria

    For Sale

    24065 Ocean Avenue, Torrance, California 90505

    48,156 Sqft
    Listing ID #SB23115524
    Basic Details
    Property Type :
    Listing Type : For Sale
    Listing ID : SB23115524
    List Price : $22,000,000
    Rooms : 0
    Square Footage : 48,156 Sqft
    Year Built : 1962
    Lot Area : 1.27 Sqft
    Country : US
    State : California
    County : Los Angeles
    City : Torrance
    Zipcode : 90505
    Status : Active
    Property Type : Apartment
    Price Per Square Foot : $457
    Days on Market : 0
    Agent info
    Contact Agent
    Skip to content