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3929 W 242nd Street, Torrance, CA 90505

Torrance
Local realty services provided by:CENTURY 21 Affiliated
3929 W 242nd Street,Torrance, CA 90505
$15,500,000
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tyler leeson
Office: marcus & millichap re invest
MLS#:OC26180225
Source:San Diego MLS via CRMLS

Price summary

  • Price:$15,500,000

About this home

The Palms is a 48-unit multifamily investment opportunity located at 3929 West 242nd Street in Torrance, California. Built in 1961, the property sits on a 1.03-acre lot and features approximately 36,096 net rentable square feet, with apartment buildings arranged around spacious interior courtyard areas. The Palms features a garden-style layout, with apartment buildings oriented around interior courtyards that provide residents with shared outdoor space. The site also accommodates common area circulation, resident amenities, and a substantial covered parking component within the propertys 1.03-acre footprint. The unit mix consists of 38 one-bed/one-bath units, 6 two-bed/one-bath units, and 4 two-bed/two-bath units. This composition provides a strong base of one-bedroom floor plans while also including a selection of larger two-bedroom units. Current ownership has extensively renovated 8 units with luxurious finishes. The property features a swimming pool, clubhouse, gated access, two...

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Home facts

  • Listing ID #:OC26180225
  • Added:1 day(s) ago
  • Updated:August 19, 2026 at 02:37 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4

Finances and disclosures

  • Price:$15,500,000

Features and amenities

  • Pool features:Community/Common
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