1754 Martina_Property for Sale
1754 Martina_Property for Sale
1754 Martina Avenue, Torrance, CA, 90501, US

1754 Martina

Asset Description

JLL, as exclusive advisor, is excited to present for sale 1754 Martina (“the property”), a 6-unit, value-add multifamily investment opportunity located in the heart of the Historic Old Torrance submarket of Torrance, CA.


Built in 1962 and not subject to LA RSO rent control, 1754 Martina has been well kept by current ownership and is now available for sale for the first time in almost 40 years. The property has a phenomenal unit mix featuring three 1-bedroom units, and three 2-bedroom units. 1754 Martina has a total of six parking spaces with four tuck-under and two private garage spaces.


The property offers significant value-add potential, with two renovated units and the remainder featuring original finishes. Current average rents are 83% below market rates, which present a golden opportunity for comprehensive upgrades including modern finishes, stainless steel appliances, and new flooring. By implementing these improvements and adopting an aggressive 5% plus CPI annual rent increase strategy, new ownership can substantially boost rental income, aligning the property with market standards and maximizing its financial performance.


Located in the highly desirable Torrance Unified School District, the property is directly opposite from Torrance High School and is within a

one-mile radius of other nearby schools. Its strategic position provides excellent access to major industries, including the South Bay’s Aerospace and Defense sector, Santa Monica’s Silicon Beach, and the two largest ports on the West Coast -the Port of Los Angeles and the Port of Long Beach. This prime location ensures steady demand from a diverse pool of potential tenants, making 1754 Martina an attractive investment opportunity in a dynamic and growing market.

...

Attributes

Number of units
6
Occupancy
100%
Year built
1962
Building area net
486 m²
Land area gross
599 m²

Media

Investment Highlights

• 6-unit apartment, built in 1962, situated on a quiet corner lot in historic Old Torrance

• Unit Mix: (3) -2bed/1bath, and (3) - 1bed/1bath units

• Value-Add Opportunity: Over 83% rental upside potential

• AB-1482 Rent Control: 5% + CPI annual rent increases

• Total of Six Parking Spaces: 2-private garages and 4-tuck-under parking spaces, plus ample availability of street parking

• Soft story retrofit work required - potential cost savings if you decide to convert the tuck-under parking into ADUs

• On-site laundry facility

• Low operating expenses - tenants pay for gas and electricity

• Perfect for a private client, value-add investor or owner-occupier

• 5,226 rentable square feet on a 6,449 square foot lot, zoned TORR-MD

1754 Martina 4_Property for Sale
1754 Martina 4_Property for Sale

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1754 Martina (0 Properties)

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Last updated
17 Apr 2025