Pending

21010 Anza Ave

Torrance CA, 90503

$12,400,000


$325.24 per sqft

Pending

73 Beds

64 Baths

38,126 sqft

Multi-family

Built in 1964

The Anza South Apartments is a 34-unit, legacy asset situated in the West Torrance area of the South Bay and located on the desirable Anza Ave corridor. The property presents a massive value-add opportunity for experienced investors to enhance their returns through strategic improvements and renovations. There is a proven demand for best-in-class renovated apartments to make up for the lack of new construction in the Torrance market. Additionally, a low velocity sales market, combined with an aging inventory and high barrier to entry for new construction continue to increase investor demand for larger properties with strong value-add opportunities. The limited stock, low vacancy rates and the affordability gap between buying and renting ensure a consistent demand for renovated units. Strong economic drivers and booming construction sector, point towards economic and rent growth. Lastly, the property benefits from access to the best health care in the South Bay and the #2 school district in LA County, making it highly desirable for families and individuals. The properties offer a compelling investment proposition with multiple factors contributing to their potential success.

24-393183

MLS ID

May 16, 2024

Listed

October 2, 2024

Updated

Map

21010 Anza Ave
Torrance CA, 90503

Interior Features

Total Stories

2


Bedrooms

73


Total Bathrooms

64


Appliances

None


Fireplace

No


Cooling

No


Cooling Description

None


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

0.82 Acres

Other Property Details

Area Name

West Torrance


Days on Market

32


Garage

Yes


Parking

Garage


Parking Total

36


View

No


County

Los Angeles


Pool

No


Zoning

TORR-MH

Listing History

Date

Event

Price

7/2/2024

Pending

6/18/2024

Under contract

Listed by Steffan Braunlich with Berkadia
Listing Contact: 310-663-7145 

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 10/2/2024

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