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
Owner options
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#: PW24163681
Originating 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