$6,175,000
$6,100,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
0.4 Acres Lot
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
MLS Listing ID PW24163681
Sold Date 10/11/24
HOA Y/N No
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
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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Bought with Austin Zahn • Lyon Stahl Investment Real Estate, Inc.
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Broker Associate | Lic# 01905244