Perhaps because the name is Torrance and not Torrance Beach, like its neighbors of the three Beach Cities of Manhattan, Hermosa and Redondo, it is often overlooked that Torrance has 1.5 miles of beachfront along the Santa Monica Bay of the Pacific Ocean. Located in the southwestern region of Los Angeles County Torrance enjoys the renowned moderate climate the coastal areas of Southern California are famous for. The location and climate make Torrance a popular area to live, work and play. Consequently, rental properties are always in demand making it an excellent choice for multifamily investors.
The photo shows the hills of Palos Verdes in the background and the popular stretch of beachfront property running from Palos Verdes Estates, through the 1.5 mile of Torrance Beach to Redondo Beach.
Torrance Income Property Report for May 2014:
Active Listings: 17 Torrance multifamily properties are currently for sale ranging from 2-units up to a 17-unit apartment building listed for $4,350,000.
Pending Sales: 8 Torrance income properties are in escrow with accepted offers.
Sold Year-To-Date: 20 Torrance multifamily properties have sold in 2014 as of May 2, 2014. The most expensive sale, 1645 Beech, sold for $1,450,000, and was a 6-unit property. A bank owned 3-unit property located at 1611 W. 205th Street sold for $540,000 and is the least expensive 2014 sale per MLS records.
For more information about Torrance income property contact Charlemagne Int’l Properties at 310.493.8333 or 310.525.9440. It will be our pleasure to provide you with the most recent statistics and information regarding multifamily units in Torrance.
Units for Sale in Torrance CA: