Property photo 1
4,468 sqft

$1,853,000

23209 Arlington Avenue, Torrance CA, 90501

Price per sqft$414.73
Built in1964
Property size4,468 sqft
Property typeMulti-family
Bought with Xingqun Zheng with Keller Williams Palos Verdes and Listed by Edward Kaminsky CA DRE# 00958114 with eXp Realty of California, Inc 310-427-2414

Overview

Sold

Closed

Listed Jul 11, 2026

Updated 2 weeks ago

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.

Additional information

MLS® ID
SB26149936

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.14 Acres

Other Property Details

Maintenance Expense
$200
Garage
Yes
View
Yes
55+/Senior Community
No
MLS provider logo

Bought with Xingqun Zheng with Keller Williams Palos Verdes and Listed by Edward Kaminsky CA DRE# 00958114 with eXp Realty of California, Inc 310-427-2414

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/12/2026. 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 9/12/2026 at 3:46 AM UTC Last Checked: 3:46 AM UTC

 

 

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