17302 Ermanita Ave is a turnkey 17 unit apartment building on a quiet street in Northwest Torrance. Built in 1962, the property spans 11,695 square feet on a 29,992 square foot lot, and the entire building, inside and out, has been recently renovated.

The unit mix leans toward larger floor plans: one 2-bedroom/2-bath, five 2-bedroom/1-bath, seven 1-bedroom/1-bath, and four studio units. Every unit comes equipped with its own washer, dryer, and air conditioning, a rare standard for a building of this vintage.

Recent capital improvements touch nearly every system in the building. On the exterior: a new roof, new windows, new front doors and wood siding, improved landscaping, new exterior paint, copper plumbing, and new electrical and drain lines. Inside, units have been finished with new cabinets, Carrara-style quartz countertops, smooth ceilings, wood laminate flooring, stainless steel appliances, recessed lighting, and new bathroom tile and interior doors. A shared BBQ and fire pit area rounds out the tenant amenities.

• 17 total units across four floor plans
• In-unit washer, dryer, and AC in every unit
• Newly renovated interiors and exterior systems
• Shared BBQ and fire pit area
• 29,992 square foot lot (0.69 acres)

At $7,995,000, the property pencils out to roughly $470,294 per unit and $683.63 per square foot, with in-place income of more than $47,000 a month. For a fully renovated, turnkey building with no near-term capital needs, that income stream is the core of the story.

The other piece of the thesis is financing. Roughly $3.9 million of the existing loan is assumable at a 5.25% interest rate, fixed until February 2033, subject to buyer qualification. In a higher-rate environment, stepping into that rate on a substantial piece of the purchase price materially changes the debt service math for a buyer.

The property sits on a quiet residential street in Northwest Torrance, close to the Alondra Park Golf Course, El Camino College, and the South Bay Galleria. That combination of a quiet setting with easy access to recreation, education, and retail has made this a consistently stable rental pocket within the broader South Bay.

Maybe you're not sure whether a building like 17302 Ermanita fits what you're looking for, or you already own something nearby and are wondering whether now is the moment to sell. That uncertainty is normal, and it's exactly the kind of situation Jack McCann Multifamily Advisors is built to help sort through.

Jack doesn't lead with a pitch. He starts by taking a close look at your property or your buying goals and shows you where rents could move, where costs could come down, and where value could grow. There's no obligation attached to that conversation. Sometimes holding steady is the right call. Sometimes selling into a strong market and trading up makes more sense. Sometimes the smart move is buying before prices shift again. The point isn't to push you toward a decision, it's to give you real clarity, built on analysis that's been run across hundreds of properties throughout Los Angeles and Southern California.

Waiting for the "perfect" moment to act often just means the window closes before you notice. A conversation costs nothing, and it can save years of second-guessing.

Something big is on the way. We're putting it together and it is shaping up to be one worth watching for.