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.
Property Details
Price:
$12,400,000
MLS #:
24393183
Status:
Pending
Baths:
0
Address:
21010 Anza Avenue
Type:
Residential Income
Neighborhood:
131westtorrance
City:
Torrance
Listed Date:
May 16, 2024
State:
CA
ZIP:
90503
Lot Size:
35,755 sqft / 0.82 acres (approx)
Year Built:
1964
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Schools
Interior
Cooling
None
Heating
None
Exterior
Parking Features
Garage
Parking Spots
36.00
Stories Total
2
Financial
Map
Community
- Address21010 Anza Avenue Torrance CA
- Area131 – West Torrance
- CityTorrance
- CountyLos Angeles
- Zip Code90503
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Courtesy of Berkadia. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
21010 Anza Avenue
Torrance, CA
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