Torrance, CA 90503,20721 Amie AVE
Torrance, CA 90503,20721 Amie AVE
Torrance, CA 90503,20721 Amie AVE
12
$6,175,000
$6,100,000
1.2%
Est.Price: ?

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0.4 Acres Lot

20721 Amie AVE Torrance, CA 90503

Est. payment /mo
SOLD DATE : 10/11/2024

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Key Details

Sold Price $6,175,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW24163681

Sold Date 10/11/24

Originating Board California Regional MLS

Year Built 1971

Lot Size 0.402 Acres

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

Interior

Laundry Laundry Area

Exterior

Garage Spaces 34.0

Pool None

Building

Water District - Public

Others

Tax ID 7524011065

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Woody Stahl • Lyon Stahl Investment Real Est
Bought with Austin Zahn

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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