Pending
21010 Anza Avenue
Torrance CA, 90503
$12,400,000
$325.24 per sqft
Pending
73 Beds
64 Baths
38,126 sqft
Residential
Built in 1964
Listed by Steffan Braunlich with Berkadia 310-209-3209
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.
24393183
MLSⓇ ID
May 16, 2024
Listed
August 30, 2024
Updated
Map
21010 Anza Avenue
Torrance CA, 90503
Interior Features
Total Stories
2
Bedrooms
73
Total Bathrooms
64
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
131 - 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 | — |
Listing Contact: 310-209-3200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/30/2024 at 7:08 PM UTC