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$ 9,250,000
Est. payment /mo
Pending
3320 Redondo Beach BLVD Torrance, CA 90504
19 Beds
35 Baths
20,540 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 20,540 sqft
Price per Sqft $450
MLS Listing ID 26648525
Bedrooms 19
HOA Y/N No
Year Built 1971
Lot Size 0.640 Acres
Property Description
The Camino Villas at 3320 Redondo Beach Boulevard, Torrance is a rare, turnkey multifamily opportunity that pairs substantial recent capital investment with immediate operational upside. Priced at $9,250,000 for 35 units, this garden-style asset delivers stabilized cash flow today and a clear roadmap for accretive value creation tomorrow. The property comprises 35 units: 19 one-bedroom/one-bath and 16 studios within 20,540 rentable square feet on a 27,897-square-foot lot. Built in 1971, the complex has been thoughtfully modernized to reduce near-term capital needs while elevating tenant appeal and market competitiveness. Since purchasing this property, the owner invested in hard improvements that materially strengthen the asset's long-term performance and tenant experience. Highlights include: (1) A full seismic retrofit has been completed, a critical and often overlooked requirement in the City of Torrance; this compliance milestone dramatically de-risks the asset and is a considerable expense that has been taken care of and completed. (2) A newly sealed roof that extends service life and minimizes short-term exposure to weather-related repairs. (3) Fully redone and re-certified decks paired with newly upgraded, code-compliant deck railings that enhance safety and curb appeal. (4) The property was recently painted and enjoys fresh, new curb appeal. (5) Seven brand-new ADUs, each finished with all-new flooring, contemporary cabinetry, and tankless water heaters, delivering efficient, low-maintenance rental units. (6) All-copper plumbing throughout the building as well as a sewer line replacement for improved reliability and reduced future repair risk. (7) Recently completed landscaping that refreshes the grounds and amplifies tenant first impressions. Interior finishes and in-unit conveniences have been upgraded to meet modern renter expectations. One-bedroom units feature granite countertops, hardwood-style flooring, and dishwashers, supporting premium rent positioning. Studios and ADUs offer durable, contemporary finishes and efficient systems designed for low operating cost and high tenant satisfaction. Select units include private balconies that enhance livability and retention. Onsite amenities include a resort-style swimming pool, lush courtyards with mature trees and seating, onsite laundry, ample covered parking, and secure gated entry, all contributing to a resort-like resident experience. The property is individually metered for gas and electricity (the ADU units are all electric). Each unit has one gated and secure parking space. There are laundry facilities onsite for the tenants ease and convenience (leased). The asset occupies a coveted South Bay location with lifestyle and transportation advantages that resonate with renters. The property sits across from a beautiful park and a public golf course, offering immediate recreational appeal and scenic vistas. El Camino College is directly across the street, supplying steady rental demand from students, staff, and faculty and reinforcing the submarket's demographic depth. Residents enjoy walking access to Starbucks and a variety of neighborhood retailers, creating everyday convenience that supports higher occupancy and tenant satisfaction. The site provides easy access to multiple freeways, facilitating efficient commutes throughout the South Bayand greater Los Angeles. This asset is positioned for both immediate returns and strategic enhancement. Current NOI:$439,829; Projected Market NOI: $581,632 reflecting considerable rental upside to proforma rents. There is no RUBS (Ratio Utility Billing System) currently in place, representing a straightforward, recurring revenue opportunity that can be implemented with a thoughtful, systematic rollout. Additional upside can be captured through targeted re-rent and premiumization and disciplined perational execution.
Location
State CA
County Los Angeles
Area 132 - N Torrance - West
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Gated
Pool In Ground
Total Parking Spaces 35
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4092003019
Special Listing Condition Standard
Listed by Joshua Cohen Keller Williams Realty #01346713
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