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7,820 sqft

$3,500,000

5326 Lorna Street, Torrance CA, 90503

Price per sqft$447.57
Built in1960
Property size7,820 sqft
Property typeCondominium
Listed by Derf Fredericks CA DRE# 00491652 with Fredericks Realty 310-792-0907

Overview

Under contract

Active Under Contract

Listed May 6, 2026

Updated Jul 31

Prime 11-Unit Investment Opportunity in West Torrance Located in the highly desirable West Torrance neighborhood, this 11-unit multifamily property offers a rare opportunity to acquire a well-positioned asset in one of the South Bay’s most stable rental markets. Situated on a corner lot totaling over 14,000 sq ft, the property features a two-story layout with excellent accessibility and tenant appeal. The unit mix consists of spacious 1 and 2-bedroom units, providing strong rental demand and flexibility. Each unit is equipped with vinyl flooring, gas stoves and ovens, and wall furnace heating, with separately metered gas and electricity for tenant convenience and reduced owner expenses. Tenants benefit from assigned parking with 11 garage spaces, community laundry (owner-owned for additional income potential), and a well-maintained layout with minimal interior steps. The property is located in a quiet residential setting with sidewalks, curbs, and street lighting, enhancing long-term tenant desirability. From an investment perspective, the asset presents significant upside potential, with current rents below market and a strong pro forma income trajectory. The property currently generates solid income with low operating expenses (~$36K annually), contributing to an attractive expense ratio and long-term cash flow opportunity. Conveniently located near Torrance Blvd and major retail, dining, and employment centers, this property benefits from strong rental demand driven by its central South Bay location. This is an ideal opportunity for investors seeking stable income, operational efficiency, and long-term appreciation in a high-demand coastal-adjacent market.

$23,286/mo

Est. mortgage payment based on a $3,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SB26098719

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.32 Acres

Other Property Details

Taxes
$6,952
Tax Frequency
Annually
Maintenance Expense
$4,500
Garage
Yes
55+/Senior Community
No
MLS provider logo

Listed by Derf Fredericks CA DRE# 00491652 with Fredericks Realty 310-792-0907

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/31/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/31/2026 at 4:27 AM UTC Last Checked: 4:27 AM UTC

 

 

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