20346 Anza Ave, Torrance, CA 90503

The Cameo Apartments are located in Torrance, California. This is the first time this property has been available for purchase in decades. Having been professionally managed for years, the property has much curb appeal and generously sized units for the tenants to enjoy. Anza Avenue is widely regarded as one of the best located multifamily thoroughfares in all of the South Bay and properties there rarely trade hands. There is approximately 45% upside in rental income at the property for the new owner to capitalize on over the term of their ownership. As the units have turned, they have been enhanced with improvements that may include: new windows, new bathroom vanities and kitchen cabinetry, ceiling fans, flooring and more. The property is also individually metered for both gas and electricity. The roof is approximately 5-6 years old (buyer to verify). 75% of the units are large, two-bedroom, one-bathroom units. The hot water comes from a central water solar system installed approximately 5-6 years ago, which helps to reduce utility costs at the property (both gas and water). Tenants enjoy onsite laundry service (leased equipment) and each tenant has one secure garage parking spot.