Ongoing Value-Add Multi-Family Residential Project

Anthony A. Luna • April 9, 2024

A Case Study on Comprehensive Renovations & Improvements

Hillside Terrace Apartments in Torrance, California, recently underwent an extensive renovation and upgrade initiative. The focus was twofold: to address critical structural needs and significantly enhance the living experience for its residents. This case study explores the strategic planning, execution, and outcomes of the improvements, highlighting the transformation into a modern, luxurious apartment community.


Project Overview

The renovation of Hillside Terrace Apartments was comprehensive, addressing both aesthetic and structural challenges. Key improvements included:


  1. Interior Unit Upgrades: Refurbishment inside the apartment units to modernize living spaces.
  2. Water Intrusion Abatement: Solutions implemented to tackle water intrusion issues, protecting the property’s structural integrity.
  3. Garage Improvements: Upgrades to the parking facilities to enhance safety and accessibility.
  4. Plumbing and Sewer Line Replacement: Overhaul of the plumbing systems and main sewer lines to ensure reliability and compliance with health standards.
  5. Pool Replacement: The old pool was replaced with a new, modern facility, elevating the recreational offerings for residents.
  6. Addition of a Two-Level Gym: The introduction of a state-of-the-art indoor/outdoor gym, catering to the health and wellness trend among residents.
  7. New Recreation Room: Creation of a new space for community events and personal celebrations.
  8. Landscaping Enhancements: Substantial improvements to the property's landscaping to beautify the outdoor communal spaces.


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Strategic Execution

The renovation strategy for Hillside Terrace Apartments was carefully crafted to minimize disruption to current residents while delivering significant property enhancements. The project was phased, with clear communication channels established between management, contractors, and residents to ensure transparency and manage expectations throughout the renovation process.


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Outcomes

The extensive renovations and new additions have transformed Hillside Terrace Apartments into a premier living destination in Torrance, marked by the following outcomes:


  • Enhanced Property Value: The structural improvements and luxury amenities significantly increased the property's market value, attracting interest from both potential renters and investors.
  • Increased Rental Income: The modernization of units and addition of high-demand amenities allowed for a repositioning in the market, with increased rental rates reflective of the enhanced living experience.
  • Improved Resident Satisfaction: The upgrades have resulted in higher resident satisfaction rates, with particular appreciation for the new gym and recreational facilities.
  • Boosted Community Appeal: The property now stands as a model for modern living within the community, encouraging neighboring properties to consider similar enhancements.


The Hillside Terrace Apartments project demonstrates the significant impact of thoughtful and comprehensive property renovations. By addressing both structural needs and resident desires for modern amenities, Hillside Terrace has set a new standard for apartment living in Torrance, California. This case study serves as a testament to the value of investing in property improvements, showcasing the potential for transforming aging properties into vibrant, desirable communities.


Learn how you can complete a value-add project at a property you own and the potential return on investment (ROI) for the investment.


Learn more about Hillside Terrace Apartments

The Hillside Terrace Apartments, located in Torrance, California, is marketed as a luxury living destination, emphasizing its security, location, and range of amenities designed for comfort and convenience.


Overview of Hillside Terrace Apartments:


  • Location and Security: Situated on Rolling Hills Road, this gated community with 24/7 security monitoring ensures residents feel secure within their living environment. Its proximity to shopping, dining, the beach, and the South Coast Botanic Garden highlights its desirable location​. 
  • Apartment Features and Community Amenities: The apartments feature open style floor plans, luxury vinyl plank flooring, stainless steel appliances, quartz countertops, and more. Community amenities include landscaped grounds, covered patios, community BBQs, a fully equipped pool, sauna, and gym​.
  • Variety of Living Options: Hillside Terrace offers one to three-bedroom apartment homes, each with condo-style designer finishes, private patios or balconies, and large sliding glass door windows​​. This range accommodates different resident needs and preferences, from individuals to families.
  • Lease and Application Details: The community has clear policies regarding lease lengths, pet restrictions, and utility responsibilities. They require a comprehensive application process to ensure a compatible and responsible resident community​.


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