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Arlington Square Apartments 23805 Arlington Ave 36 Unit Apartment Building $15,995,000 ($444,306/Unit) 5.09% Cap Rate Torrance, CA 90501
INVESTMENT HIGHLIGHTS
- 33 of 36 units fully renovated – turnkey and zero CapEx required
- $100/unit below market – 5-10% rent upside without additional investment
- Prime Torrance location on Arlington Corridor near emerging Lomita downtown
- Over $2 Million invested in the property in the last 24 months
- Upgraded units feature: quartz counters, stainless steel appliances, and vinyl plank flooring
- One-mile to Palos Verdes, three miles to Old Town Torrance, and five miles to the beach
EXECUTIVE SUMMARY
Arlington Square Apartments represents a rare opportunity to acquire a completely turnkey, 36-unit apartment community in one of Southern California’s most desirable coastal markets. Located in the heart of Southeast Torrance along the thriving Arlington Avenue corridor, this property delivers immediate cash flow with clear, built-in upside—no additional capital required. The value-add work is complete. With comprehensive renovations finished throughout 33 of 36 units—including modern kitchens with quartz countertops, stainless steel appliances, luxury vinyl plank flooring, and contemporary fixtures—the property is 100% stabilized with zero deferred maintenance. The immediate value creation requires zero capital input. NOI can be increased by 5–10% in Year 1 through simple lease rollovers to market rates. Furthermore, three unrenovated units remain, offering an opportunity for high ROI.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $15,995,000 | Property Subtype | Apartment |
| Price Per Unit | $444,306 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 5.09% | Lot Size | 0.89 AC |
| Gross Rent Multiplier | 13.95 | Building Size | 26,846 SF |
| No. Units | 36 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1964/2025 |
| Zoning | TORR-OF | ||
| Price | $15,995,000 |
| Price Per Unit | $444,306 |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| Gross Rent Multiplier | 13.95 |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.89 AC |
| Building Size | 26,846 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2025 |
| Zoning | TORR-OF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $2,411 | 650 |
| 2+1 | 15 | $2,850 | 800 |
| 2+2 | 3 | $3,045 | 800 |
| 3+2 | 2 | $3,523 | 1,000 |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 7371-027-027 | Total Assessment | $11,526,000 (2025) |
| Land Assessment | $3,366,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $8,160,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7371-027-027
Land Assessment
$3,366,000 (2025)
Improvements Assessment
$8,160,000 (2025)
Total Assessment
$11,526,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Arlington Square Apartments | 23805 Arlington Ave
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