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Sold for $18,000,000
    • Listed by: Gardner • Theodore Gardner • Contact: 310-377-9571
    Bought with: BRC Advisors- BH
    $18,000,000

    24065 Ocean Ave, Torrance, CA 90505

    94beds
    92baths
    48,156sqft
    Multi Family
    Built in 1962
    -- sqft lot
    $17,521,000 Zestimate®
    $374/sqft
    $4,563 Estimated rent

    Home value

    $17,521,000

    $15.77M - $19.45M

    $4,563/mo

    Zestimate® history
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    What's special

    Solar-heated swimming poolSerene interior gardensLush landscapingUpdated on-site laundry facilities
    **Rare Opportunity: Prime Multi-Family Investment Property in Torrance!** For the first time in nearly 40 years, "Ocean House," a meticulously maintained 54-unit property, is available in Torrance’s most desirable neighborhood. This property offers exceptional amenities, including a solar-heated swimming pool surrounded by lush landscaping, serene interior gardens, and updated on-site laundry facilities, delivering both comfort and convenience for residents. The thoughtfully designed unit mix features one-bedroom units and two-bedroom units, catering to a wide range of renters and budgets. Located in South Torrance, Ocean House offers proximity to pristine beaches, shopping, dining, parks, top-rated schools, and major transportation routes, combining the convenience of urban living with the tranquility of a suburban setting. The property has been meticulously maintained, with a new roof installed in May 2023, reflecting its excellent upkeep and attention to detail. **Disclaimer:** The information provided is subject to change.

    Zillow last checked:

    Listing updated:

    Listed by:

    Theodore Gardner DRE #00328734 310-489-1410,

    Gardner

    Bought with:

    John Katnik, DRE #02002695

    BRC Advisors- BH

    Source: CRMLS,MLS#: SB24247906MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 94
    • Bathrooms: 92
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 48,156
    • Total interior livable area: 48,156 sqft

    Property

    Parking
    • Total spaces: 54
    • Parking features: Assigned, Controlled Entrance
    • Garage spaces: 2
    • Carport spaces: 52
    • Covered spaces: 54
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: On Ocean Ave.
    • Pool features: Community, Fenced, In Ground
    Lot
    • Size: 1.27 Acres
    • Features: Corner Lot, Lot Over 40000 Sqft, Landscaped, Level, Near Park
    Details
    • Parcel number: 7534006018
    • Zoning: TOCR-MH
    • Special conditions: Standard,Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Park, Pool
    Location
    • Region: Torrance

    Financial & listing details

    • Price per square foot: $374/sqft
    • Date on market: 12/11/2024
    • Cumulative days on market: 22 days
    • Listing terms: Contract
    • Inclusions: Owned laundry equipment
    • Exclusions: Statue
    • Total actual rent: 119907
    • Tenant pays: Cable TV, Electricity, Gas

    Price history

    DateEventPrice
    2/20/2025Sold$18,000,000+0%$374/sqft
    Source: CRMLS #SB24247906 Report a problem
    1/16/2025Pending sale$17,999,999$374/sqft
    Source: CRMLS #SB24247906 Report a problem
    1/3/2025Contingent$17,999,999$374/sqft
    Source: CRMLS #SB24247906 Report a problem
    12/11/2024Listed for sale$17,999,999-18.2%$374/sqft
    Source: CRMLS #SB24247906 Report a problem
    10/20/2023Contingent$22,000,000$457/sqft
    Source: CRMLS #SB23115524 Report a problem
    7/17/2023Listed for sale$22,000,000$457/sqft
    Source: CRMLS #SB23115524 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Walteria

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    Estimated market value
    $17,521,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $17,521,000

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