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Millman Team Real Estate

$1,899,000
0.14 Acre Lot

23209 Arlington Avenue, Torrance, California 90501

  • Residential Income Property Type
  • Driveway Cars Garage
  • 1964 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
SB26149936
$1,899,000
Neighborhood
1964
0.14 Acre
Active Under Contract
Quadruplex
Features
: None
: Wall Furnace
: Wall/Window Unit(s)
: None
: Driveway, Garage, Door-Single, Assigned
: Laminate
: Walk-In Closet(s), Ceiling Fan(s), Granite Counters
: Inside, In Kitchen
: Public Sewer
$0
Appliances
: Gas Oven, Gas Range, Gas Cooktop, Dryer, Washer, Refrigerator
Address Map
CA
Los Angeles
Torrance
90501
Arlington
23209
Avenue
W119° 40' 47.1''
N33° 48' 52.7''
Between 232nd and 233rd St. South of Sepulveda
135 - South East Torrance - East
TORR-OF
Additional Information
$0
$0
$0
$0
$0
Maintenance Front Yard, Trash, Water
4468
: Sidewalks, Curbs
1
3.0
: Two
: Back Yard, Yard, Garden, Landscaped, Lawn
4
2026-07-11
2
2
: Public
Broker/Agent Information
eXp Realty of California, Inc
Edward Kaminsky
Financial
: Sewer
Listing Information
SKAMIEDW
SB1327500
Cash, Cash to New Loan, Conventional, Contract
Active Under Contract
2026-07-29T23:04:00Z
CRMLS
: Standard
2026-07-29T15:52:08Z
Agent info
Ray Millman
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