$15,500,000
$15,975,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
SOLD DATE : 12/20/2022
Key Details
Sold Price $15,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22201572
Sold Date 12/20/22
Bedrooms 5
Property Sub-Type Res Income 2-4 Units
Property Description
Emerald Gardens is a 40-unit multifamily investment property located in Torrance, a premier rental market in Los Angeles County, California. Built in 1969, Emerald Gardens offers an attractive mix of one and two-bedroom floor plans and a desirable amenity package including controlled access, two on-site laundry facilities with landlord owned machines, private balconies (select units), and ample gated tuck-under parking. Emerald Gardens is situated in the desirable Delthorne neighborhood in Torrance, which is ranked as The Best Neighborhood for Young Professionals in Torrance according to Niche.com. The property is located blocks away from the Torrance Promenade, providing residents with convenient access to everyday needs. Additionally, Emerald Gardens is situated within 1 mile of the Del Amo Fashion Center and just over 1.50 miles from the South Bay Galleria, providing residents with an abundance of retail, dining, and entertainment options. Emerald Gardens is conveniently located in close proximity to Hawthorne Boulevard and Interstate 405, connecting residents to employment hubs throughout Los Angeles and Orange Counties.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Cross Streets: Del Amo Blvd and Madrona Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
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