Sold
Closed
20721 Amie Avenue
Torrance CA, 90503
$6,175,000
$290.45 per sqft
Sold
Closed
21,260 sqft
Multi-family
Built in 1971
Listed by Woody Stahl with Lyon Stahl Investment Real Est [email protected]
Located in the area of West Torrance, 20721 Amie Ave presents a prime investment opportunity in a great location w/ 27% rental upside. This substantial 16-unit apartment building boasts a strong unit mix, including (8) 3-bed/2-bath townhouse-style units and (8) 2-bed/2-bath units, with the majority of units having been remodeled. Each unit features its own private balcony or patio, providing tenants with a personal outdoor space surrounded by the building's beautiful foliage. The property also includes well-landscaped grounds and a shared grass area, enhancing the living experience for residents.
Offering a solid 4.94% CAP rate with significant upside potential & a 7.11% market CAP, this property is positioned for strong returns. Conveniently located just down the street from the Del Amo Fashion Center and a short 10-minute drive to the Redondo Beach Pier, 20721 Amie Ave combines a prime location with impressive investment potential.
PW24163681
MLSⓇ ID
August 8, 2024
Listed
November 22, 2024
Updated
Map
20721 Amie Avenue
Torrance CA, 90503
Interior Features
Total Stories
3
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.4 Acres
Lot Features
16-20 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
126 - Central Torrance
Days on Market
5
Garage
Yes
Garage Spaces
34
Parking Total
34
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
TORR-MH
Listing History
Date | Event | Price |
|---|---|---|
10/14/2024 | Sold | $6,175,000 |
8/15/2024 | Pending | — |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/22/2024 at 7:19 PM UTC