We are proud to present for sale a Torrance multi-family investment opportunity at its finest. This meticulously well maintained, one-of-a-kind property known as The CATO Apartments consist of 70 luxury apartment units, laundry facilities, a large swimming pool, and a beautifully landscaped courtyard. Great attention to detail can be seen throughout the exterior and interior of the property with its modern and contemporary style. The property is secured and gated offering tenants ample parking and storage units along an attractively tiled driveway.
A diversified unit mix of approximately 14% studios, 56% one-bedrooms, and 30% two-bedroom units offer tenants many options at different price points within their budget. With approximately 30% in rental upside, this turn-key property will offer investors a healthy and profitable cash flow. The CATO Apartments are conveniently located at 1520 West Carson Street in the Torrance post office district of the City of Los Angeles/Harbor Gateway. Just blocks away from the subject property are major Japanese corporations and shopping centers catering to the local and international residents of the area. Mitsuwa Marketplace, a highly popular Japanese grocery chain, among many other Japanese retail establishments and restaurants can all be found within blocks of The CATO Apartments.
Cato (or using the alternate spelling Kato) in the Japanese language means to “add/increase” and is the 11th most common Japanese surname. In this thriving South Bay real estate market with tremendous access to major employers, retailers, Downtown L.A., the Los Angeles Airport (LAX), and South Bay’s coastal communities, a new owner will have the opportunity to “add/increase” value to this highly desirable and rarely seen investment offering of 70 spectacular apartment units in Torrance, California.
- 70 Units at 1520 W Carson St, Torrance, CA 90501 - Sold for $18,550,000