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Sold for $6,175,000 on 10/11/24
  • Listing Provided by: 

    Woody Stahl DRE #01399621 woody@lyonstahl.com,

    Lyon Stahl Investment Real Est,

    Brett Lyon DRE #01717818 310-706-4066,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with: Lyon Stahl Investment Real Estate, Inc.
    $6,175,000

    20721 Amie Ave, Torrance, CA 90503

    40beds
    32baths
    21,260sqft
    Mixed Use
    Built in 1971
    -- sqft lot
    $6,049,300 Zestimate®
    $290/sqft
    $-- Estimated rent

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    $38,396/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: December 04, 2024 at 05:54pm

    Listing Provided by:

    Woody Stahl DRE #01399621 woody@lyonstahl.com,

    Lyon Stahl Investment Real Est,

    Brett Lyon DRE #01717818 310-706-4066,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with:

    Austin Zahn, DRE #01936451

    Lyon Stahl Investment Real Estate, Inc.

    Source: CRMLS,MLS#: PW24163681MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 40
    • Bathrooms: 32
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 21,260
    • Total interior livable area: 21,260 sqft

    Property

    Parking
    • Total spaces: 34
    • Parking features: Garage
    • Garage spaces: 34
    Features
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.40 Acres
    • Features: 16-20 Units/Acre
    Details
    • Parcel number: 7524011065
    • Zoning: TORR-MH
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1971

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking
    Location
    • Region: Torrance

    Other

    Other facts
    • Listing terms: Conventional
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    Estimated market value
    $6,049,300