After it was constructed just last year, a 45-unit property is listed for sale in Torrance. The property was developed by Torrance-based developer Tower Energy Group and is listed for $26 million, or about $577,77 per unit, according to a marketing brochure from Desert Pacific Properties, Inc., which is the listing agent.
This property is located at 1978 W Carson Street on 0.88 acres and consists of a 46,631 square foot building, with a mix of studio, one- and two-bedroom units, as well as a 948 square foot retail space.
Residents of this newly constructed building will enjoy a range of community amenities, including a clubhouse lounge, resident community room, outdoor courtyard, extended private 2nd-floor deck, electric vehicle charging stations, and retail shops and offices on site.
The property is located on an entire city block across from the historic Old Town area. The demand for residential properties in this area is high due to its proximity to Harbor-UCLA Medical Center, which is slated for $1.7 billion in capital improvements by 2030, according to the property listing.
The City of Torrance is situated in southwestern Los Angeles County, bordered by the Pacific Ocean on the west. The population of Torrance is 146,860, with a peak daytime population that grows to 250,000+. It is the eighth largest city in Los Angeles County and the 33rd largest city in California.
