Torrance, CA 90503 20721 Amie Avenue
$6,100,000
Pending
7 more
Presented By: Woody Stahl with Lyon Stahl Investment Real Est; [email protected]
Beds • 40
Baths • 4
SQFT • 21,260
Garage • 34
Home Details
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.
Presented By: Woody Stahl with Lyon Stahl Investment Real Est; [email protected]
Interior Features for 20721 Amie Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories3
Other Rooms
Entry Level1
General for 20721 Amie Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.94
Carport Y/NNo
CityTorrance
Community FeaturesBiking
CountyLos Angeles
Days on Market5
DirectionsNW Corner of Emerald St and Amie Ave
Entry Location1
Expected Active Date 2024-08-08
Garage Spaces34.0
Garage Y/NYes
Gross Income500604.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense9500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet17506.0
Lot Size UnitsSquareFeet
MLS Area126 - Central Torrance
MaintenanceExpense25030.0
MobileHomeRemainsYNNo
Net Operating Income301116.0
New ConstructionNo
NumberOfUnitsTotal16
Operating Expense184470.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Lot20
Taxes$71,187
TermsConventional
Trash Expense9600.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1971
Year Built SourceAssessor
ZoningTORR-MH
Exterior for 20721 Amie Avenue
Building Area Total21260.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1620UnitsAcre
Lot Size Acres0.4019
Lot Size Area17506.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters16
Number of Separate Gas Meters16
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking34.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480