John E Burge

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 

5326 Lorna StreetTorrance, CA 90503

Multi-Family · 7,820 Sq. ft. | 0.32 Acres
$3,700,000 Active

5326 Lorna Street Overview

Time on Site:
54 days
Visits:
0

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 (~$42K 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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

5326 Lorna Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,820
  • Price/Sq.ft. $473
  • Lot 0.32 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: Community Apartment

Income/Expenses

  • Electric Expense: 747.0
  • Fuel Expense: 3620.0
  • Gross Income: 265.0
  • Gross Scheduled Income: 225060.0
  • Insurance Expense: 6000.0
  • Maintenance Expense: 1200.0
  • Net Operating Income: 206253.0
  • Operating Expense: 25078.0
  • Trash Expense: 6269.0
  • Water Sewer Expense: 5652.0

Building Information

  • New Construction: No
  • Year Built: 1960

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: 131 - West Torrance
  • Postal City: TORRANCE

Community/Development

  • Community Features: Curbs,Street Lights,Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Lease Term: 12 Months

Tax Information

  • Tax Annual Amount: 6952.0
  • Tax Year: 2025

General Information

  • Listing Terms: Cash,Conventional,Owner May Carry,Submit
  • Parcel Number: 7519001065
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 11.0
  • Garage: Yes

Building Interior

  • Building Area Total: 7820.0
  • Building Area Units: Square Feet

General Information

  • Accessibility Features: No Stairs
  • Appliances: Gas Cooktop,Gas Oven
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Entry Location: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Features: Storage
  • Laundry Features: Common Area
  • Levels: Two
  • Spa Features: None
  • Spa: No
  • Stories: 2
  • Stories Total: 1

Exterior

Parking Information

  • Parking Features: Assigned,Garage,Garage Door Opener,Community Structure
  • Parking Total: 11.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Corner Lot,Cul-De-Sac
  • Lot Size Acres: 0.3241
  • Lot Size Area: 14117.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 14117.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: Yes

    General Information

    • Number Of Units Leased: 10
    • Number Of Units Total: 11
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer
    • Utilities: Electricity Available,Natural Gas Available,Water Available

    5326 Lorna Street Neighborhood

    Community

    90503 (TORRANCE) Demographics

    41
    Median Age
    8,358
    Population Density (per sq. mile)
    63%
    College Educated
    $97,688
    Estimated Median Income
    8,640
    Estimated Total Home Owners
    7,937
    Estimated Total Renters
    52% / 48%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    5326 Lorna Street Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    5326 Lorna Street Market Data

    Based on the last 30 days in this zip code

    $1,228,717
    Average List Price
    $723
    Average Price per Square Foot
    23
    Properties Sold
    70
    Average Days on Market
    139
    Properties for Sale
    Calculations provided by Reliance Network

    5326 Lorna Street History

    Date Event Value Agent
    6/9/2026Source: CRMLS Status Change
    Closed
    6/2/2026Source: CRMLS Price Reduction
    $3,700,000 -7.3%
    6/2/2026Source: CRMLS Price Reduction
    $2,400 -7.7%
    5/6/2026Source: CRMLS Added to Database
    May 06, 2026
    5/6/2026Source: CRMLS Added to Database
    May 06, 2026
    Listing provided courtesy of Fredericks RealtyDerf Fredericks- MLS# SB26098719MLS ProviderContact Information: [email protected] - 310-792-0907
    Cookie Button: