Torrance, CA 90503,20721 Amie AVE
Torrance, CA 90503,20721 Amie AVE
Torrance, CA 90503,20721 Amie AVE
$6,175,000
Est. payment /mo
$6,100,000
1.2%
Est.Price: ?

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21,260 SqFt
SOLD DATE : 10/11/2024

Key Details

Sold Price $6,175,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 21,260 sqft

Price per Sqft $290

MLS Listing ID PW24163681

Sold Date 10/11/24

HOA Y/N No

Year Built 1971

Lot Size 0.402 Acres

Acres 0.4019

Property Description

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.

Location

State CA

County Los Angeles

Area 126 - Central Torrance

Zoning TORR-MH

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 34.0

Garage Description 34.0

Pool None

Community Features Biking

Total Parking Spaces 34

Private Pool No

Building

Lot Description 16-20 Units/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7524011065

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Woody Stahl • Lyon Stahl Investment Real Est • woody@lyonstahl.com
Bought with Austin Zahn • Lyon Stahl Investment Real Estate, Inc.

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Todd McIntosh

+1(310) 770-8626

Agent | License ID: 01472763

Agent License ID: 01472763

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