5326 Lorna ST, Torrance, CA 90503
$3,500,000
$3,500,000
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

0.32 Acres Lot

5326 Lorna ST Torrance, CA 90503

Est. payment /mo
SOLD DATE : 09/24/2026

Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $3,500,000

Property Type Other Types

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB26098719

Sold Date 09/24/26

HOA Y/N No

Rental Info 12 Months

Year Built 1960

Annual Tax Amount $6,952

Tax Year 2025

Lot Size 0.324 Acres

Property Sub-Type Apartment

Property Description

Prime 11-Unit Investment Opportunity in West Torrance

Located in the highly desirable West Torrance neighborhood, this 11-unit multifamily property offers a rare opportunity to acquire a well-positioned asset in one of the South Bay's most stable rental markets. Situated on a corner lot totaling over 14,000 sq ft, the property features a two-story layout with excellent accessibility and tenant appeal.

The unit mix consists of spacious 1 and 2-bedroom units, providing strong rental demand and flexibility. Each unit is equipped with vinyl flooring, gas stoves and ovens, and wall furnace heating, with separately metered gas and electricity for tenant convenience and reduced owner expenses.

Tenants benefit from assigned parking with 11 garage spaces, community laundry (owner-owned for additional income potential), and a well-maintained layout with minimal interior steps. The property is located in a quiet residential setting with sidewalks, curbs, and street lighting, enhancing long-term tenant desirability.

From an investment perspective, the asset presents significant upside potential, with current rents below market and a strong pro forma income trajectory. The property currently generates solid income with low operating expenses (~$36K annually), contributing to an attractive expense ratio and long-term cash flow opportunity.

Conveniently located near Torrance Blvd and major retail, dining, and employment centers, this property benefits from strong rental demand driven by its central South Bay location.

This is an ideal opportunity for investors seeking stable income, operational efficiency, and long-term appreciation in a high-demand coastal-adjacent market.

Location

State CA

County Los Angeles

Area 131 - West Torrance

Interior

Interior Features Storage

Heating Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Gas Oven

Laundry Common Area

Exterior

Parking Features Assigned, Garage, Garage Door Opener, Community Structure

Garage Spaces 11.0

Garage Description 11.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Water Available

View Y/N No

View None

Accessibility No Stairs

Total Parking Spaces 11

Private Pool No

Building

Lot Description Corner Lot, Cul-De-Sac

Story 1

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7519001065

Energy Description 3000.0

Acceptable Financing Cash, Conventional, Owner May Carry, Submit

Listing Terms Cash, Conventional, Owner May Carry, Submit

Financing Cash to Loan

Special Listing Condition Standard

Read Less


CRMLS Full IDX Feed (MAIN Website Search)
Listed by Derf Fredericks Fredericks Realty 310-792-0907, DRE #00491652
Bought with Jonathan Nikfarjam Shield CRE, Inc.

NEARBY SCHOOLS & BUSINESSES

GET MORE INFORMATION

Julia Kim

Julia Kim

Broker Associate License ID: 01904440

+1(213) 344-7110

Name
Phone*
Message