20721 Amie Avenue, Torrance, CA 90503

  • $6,100,000
  • $287
20721 Amie Avenue, Torrance, CA 90503
  • Residential Income
  • Property Type
  • 34.00
  • Garages
  • 1971
  • Year Built
For Sale
20721 Amie Avenue, Torrance, CA 90503
  • $6,100,000
  • $287

Overview

Property ID: SGR-33483115
  • Residential Income
  • Property Type
  • 34.00
  • Garages
  • 1971
  • Year Built

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.

  • Address 20721 Amie Avenue
  • City Torrance
  • State/county CA
  • Zip/Postal Code 90503
  • Area 126 - Central Torrance
  • Country United States

Details

Updated on August 11, 2024 at 8:54 am
  • Property ID: SGR-33483115
  • Price: $6,100,000
  • Land Area: 17506.00 m²
  • Garages: 34.00
  • Year Built: 1971
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 21260.00
  • MLS#: PW24163681
  • Office Name: LYON STAHL INVESTMENT REAL EST
  • Agent Name: Woody Stahl
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Co-Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Co-Agent Name: Brett Lyon
  • Agent State License: 01399621
  • Co-Agent State License: 01717818
  • IDX Contact Info: woody@lyonstahl.com

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Commercial/Residential
  • Parking: 34.00
  • Water Source: Public

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