Walteria (125) Homes with Apartment Subtype

Welcome to Walteria, a charming neighborhood nestled in the heart of Torrance, California. This hidden gem in Los Angeles County boasts a unique blend of suburban tranquility and urban convenience, making it an ideal place to call home. With its tree-lined streets, friendly community atmosphere, and proximity to beautiful beaches, Walteria is perfect for families, young professionals, and retirees alike.

One of the standout features of Walteria is its diverse range of housing options, particularly the availability of homes with apartment subtypes. These properties offer a fantastic opportunity for those looking to invest in real estate or create a multi-generational living space. Imagine having the flexibility of a primary residence while also enjoying the potential rental income from a separate apartment. This dual-living arrangement is perfect for accommodating guests, in-laws, or even generating passive income.

Residents of Walteria benefit from a variety of amenities, including nearby parks, shopping centers, and top-rated schools. The neighborhood is also conveniently located near major highways, providing easy access to the vibrant culture and entertainment options of Los Angeles. Whether you’re strolling through the local farmer's market or enjoying a day at the beach, Walteria offers a lifestyle that balances relaxation and excitement.

Discover the charm of Walteria and explore the incredible homes available, especially those with apartment subtypes. Embrace the opportunity to create a space that suits your lifestyle while enjoying all the wonderful experiences this enchanting neighborhood has to offer!

Newest Walteria (125) Homes with Apartment Subtype

$14,950,000

OC26180225 MLS ⋅ Active Status

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 property’s 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 on-site laundry facilities, and covered parking. Parking is provided through 45 tuck-under spaces, 2 surface spaces, one single-car garage, and one double-car garage, giving The Palms a substantial covered parking component relative to its unit count. Overall, The Palms represents an established Torrance multifamily asset with scale, a predominantly onebedroom unit mix, courtyard-style design, on-site amenities, gated access, and covered parking.

3929 W 242nd Street, Torrance

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