Sold
21010 Anza Ave
Torrance CA, 90503
$11,628,429
$305.00 per sqft
Sold
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
November 22, 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 |
---|---|---|
10/14/2024 | Sold | $11,628,429 |
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 Elite Representation Real Estate | CA DRE# 01498928 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 11/22/2024