Torrance, CA 90503,21010 Anza Ave
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Torrance, CA 90503,21010 Anza Ave
Torrance, CA 90503,21010 Anza Ave
Torrance, CA 90503,21010 Anza Ave
Torrance, CA 90503,21010 Anza Ave

$12,400,000

Est. payment /mo
Est.Price: ?

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21010 Anza Ave Torrance, CA 90503

73 Beds

64 Baths

38,126 SqFt

SOLD DATE : 10/14/2024

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 38,126 sqft

Price per Sqft $304

MLS Listing ID 24-393183

Bedrooms 73

Year Built 1964

Lot Size 0.821 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area West Torrance

Zoning TORR-MH

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Garage Garage

Garage Spaces 36.0

Building

Story 2

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Berkadia
Bought with John Barbie, Broker

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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