20308 Madison St, Torrance, CA 90503
- Mix of One & Two-Bedroom Floor Plans
- Spacious Courtyard & Gated Tuck-Under Parking
- Close Proximity to Schools, Parks, Grocers, & Retailers
- Highly Desirable Unit Upgrades & Amenities
- Potential for One Accessory Dwelling Unit (ADU)
- Within Walking Distance of Torrance Promenade
listing agent, is pleased to present the opportunity to acquire Emerald Gardens, 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.
Current ownership has invested significant capital into the renovation of 34 of the 40 units. Additionally, there are multiple opportunities for new ownership to increase future cash flow including the conversion of an accessory dwelling unit and the continuation of the proven in-place renovation plan.
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.
The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well located and maintained apartment building will be a key driver in the continued growth and success at Emerald Gardens.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent*