21010 Anza Avenue, Torrance, CA 90503

  • $12,400,000
  • $325
21010 Anza Avenue, Torrance, CA 90503
  • Residential Income
  • Property Type
  • 73
  • Bedrooms
  • 64
  • Bathrooms
  • 38126.00
  • 1964
  • Year Built
For Sale
21010 Anza Avenue, Torrance, CA 90503
  • $12,400,000
  • $325

Overview

Property ID: SGR-32551931
  • Residential Income
  • Property Type
  • 73
  • Bedrooms
  • 64
  • Bathrooms
  • 38126.00
  • 1964
  • Year Built

Description

The Anza South Apartments is a 34-unit, legacy asset situated in the West Torrance area of the South Bay and located on the desirable Anza Ave corridor. The property presents a massive value-add opportunity for experienced investors to enhance their returns through strategic improvements and renovations. There is a proven demand for best-in-class renovated apartments to compensate for the lack of new construction in the Torrance market. Additionally, a low velocity sales market, combined with an aging inventory and high barrier to entry for new construction continue to increase investor demand for larger properties with strong value-add opportunities. The limited stock, low vacancy rates and the affordability gap between buying and renting ensure a consistent demand for renovated units. Strong economic drivers and booming construction sector, point towards economic and rent growth. Lastly, the property benefits from access to the best health care in the South Bay and the #2 school district in LA County, making it highly desirable for families and individuals. The properties offer a compelling investment proposition with multiple factors contributing to their potential success.

  • Address 21010 Anza Avenue
  • City Torrance
  • State/county CA
  • Zip/Postal Code 90503
  • Area 131 - West Torrance
  • Country United States

Details

Updated on May 25, 2024 at 7:15 am
  • Property ID: SGR-32551931
  • Price: $12,400,000
  • Property Size: 38126.00 m²
  • Land Area: 35755.00 m²
  • Bedrooms: 73
  • Bathrooms: 64
  • Year Built: 1964
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 38126.00
  • MLS#: 24393183
  • Office Name: BERKADIA
  • Agent Name: Steffan Braunlich
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01859098

Additional details

  • Cooling: None
  • Heating: None
  • County: Los Angeles
  • Parking: 36.00

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