
Torrance, California 90501
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $1,899,000—positioned well below the $1,983,742 Fair Market Value by 4%. This valuation gap offers $84,742 in Instant Equity. With a Condition Rating of 3, the property features Granite Kitchens, In-Unit Laundry, and Private Decks. Recent capital improvements, including a new roof and updated water heaters, ensure operational stability. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking immediate, stable cash flow in Torrance.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23209 Arlington Avenue Subject | $1,899,000* List Price | 0 | 0 | 4,468 | $444 | - |
A 2713 - 2717 Arlington Sold | $1,600,000 | 0 | 0 | 4,176 | $383 | 0.5 mi |
B 1652 Plaza Del Amo Active | $2,370,000 List Price | 0 | 0 | 4,700 | $504 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1964, the property has undergone significant renovations including granite countertops, laminate flooring, and dual-pane vinyl windows. Critical systems are recently updated with a new roof (under 3 years old) and water heaters (under 4 years old), making it a well-maintained, move-in ready investment.
The property boasts a CAP rate of over 5% with stable tenants already in place, offering immediate and reliable cash flow in a high-demand Torrance submarket.
Recent major upgrades, including a three-year-old roof, newer water heaters, and plumbing drain improvements, significantly reduce the risk of near-term capital expenditures for a new owner.
Thoughtful remodels featuring granite countertops, in-unit laundry, and private outdoor spaces like fenced yards and decks enhance tenant retention and support premium rental rates.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6313, other record lot size in square feet = 6251.
Despite recent mechanical and cosmetic updates, the 1964 construction may still present challenges related to original underlying electrical or structural components common in buildings of this era.
With a building size of 4,468 square feet on a 6,313 square foot lot, the high building-to-land ratio may result in limited on-site parking and restricted common outdoor areas for residents.
Some investment opportunities look good on paper. Others deliver the kind of long-term value that's increasingly difficult to find. This well-maintained four-unit property offers both, with fantastic tenants already in place and a CAP rate of just over 5%, making it an exceptional addition to any real estate portfolio. Each residence has been thoughtfully remodeled and features granite countertops, high-quality laminate flooring, ceiling fans, in-unit laundry, and dual-pane eco-coated vinyl windows designed to help reduce heat and glare. The unit mix provides broad rental appeal, with two spacious townhome-style units offering private fenced yards, powder rooms, and upstairs bedrooms, while one also features decks off both bedrooms. Another unit includes a versatile bonus office or potential third bedroom with an attached bathroom, and the fourth offers the comfort of a mini-split A/C system along with inviting deck space off both the living area and one bedroom. The care invested in this property extends far beyond cosmetic updates. Both sections of the roof have been replaced within the past three years, all four water heaters have been updated within the last four years, recent drain clean-out improvements add peace of mind, and the refreshed landscaping creates an attractive setting for both residents and visitors alike. For investors seeking immediate income with confidence in the property's condition, this is a standout opportunity. Looking to think even bigger? The neighboring single-family home at 23213 Arlington is also available for purchase, offering the rare chance to acquire two adjacent income-producing properties together or separately. Whether you're expanding an established portfolio or making your next strategic acquisition, opportunities like this don't come along often.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,468 | 3,396 |
| Lot Size | 6,313 | 5,817 |
| Price | $1.90M | $1.26M |
| Price per sq ft | $425 | $525 |
| Built year | 1964 | 1963 |
| HOA | $0 | $0 |
| Days on market | 11 | 53 |
Jul 11, 2026
$1,899,000
Initial Listing
Aug 16, 1999
$440,000
Public Record