Sold
20721 Amie AVE
TORRANCE CA, 90503
$6,175,000
$290.45 per sqft
Sold
5 Beds
4 Baths
21,260 sqft
Multi-family
Built in 1971
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.
PW24163681MR
MLSⓇ ID
August 8, 2024
Listed
November 22, 2024
Updated
Map
20721 Amie AVE
TORRANCE CA, 90503
Interior Features
Total Stories
3
Bedrooms
5
Total Bathrooms
4
Laundry Description
Laundry Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.4 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Central Torrance
Days on Market
5
Garage
Yes
Garage Spaces
34
Parking Total
34
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
TORR-MH
Listing History
Date | Event | Price |
|---|---|---|
10/14/2024 | Sold | $6,175,000 |
8/15/2024 | Pending | — |
Listed by Woody Stahl with Lyon Stahl Investment Real Est
Listing Contact: 310-425-9838
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Alysia Caldwell | CA DRE# 02167945 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024
