Home | Los Angeles County | Torrance | 90505 | 3929 W 242nd St
MLS: CROC26180225 | Status: | Price: $14,950,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 1 | 1961 |
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 Torr
| Field | Value |
|---|---|
| MLS # | CROC26180225 |
| MLS Source | California Regional MLS |
| Days on Site | 11 |
| Feature | Details |
|---|---|
| Laundry | Community Facility |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 3 Car(s) |
| HOA Fee | $0 |
Tyler Leeson
Marcus & Millichap RE Invest
License #: 01451551
Phone: (949) 419-3326
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
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This listing information is up-to-date as of August 24, 2026. For the most current information, please contact Tyler Leeson, (949) 419-3326.