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Sold for $6,175,000
  • Listed by: Lyon Stahl Investment Real Est • Woody Stahl • Contact: 310-425-9838
    Bought with: Lyon Stahl Investment Real Estate, Inc.
    $6,175,000

    20721 Amie Ave, Torrance, CA 90503

    40beds
    32baths
    21,260sqft
    Mixed Use
    Built in 1971
    -- sqft lot
    $7,178,400 Zestimate®
    $290/sqft
    $2,721 Estimated rent

    Home value

    $7,178,400

    $6.10M - $8.54M

    $2,721/mo

    Zestimate® history
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    $39,153/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Woody Stahl DRE #01399621 woody@lyonstahl.com,

    Lyon Stahl Investment Real Est,

    Brett Lyon DRE #01717818 310-706-4066,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with:

    Austin Zahn, DRE #01936451

    Lyon Stahl Investment Real Estate, Inc.

    Source: CRMLS,MLS#: PW24163681MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 40
    • Bathrooms: 32
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 21,260
    • Total interior livable area: 21,260 sqft

    Property

    Parking
    • Total spaces: 34
    • Parking features: Garage
    • Garage spaces: 34
    Features
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 0.4 Acres
    • Features: 16-20 Units/Acre
    Details
    • Parcel number: 7524011065
    • Zoning: TORR-MH
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1971

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking
    Location
    • Region: Torrance

    Financial & listing details

    • Price per square foot: $290/sqft
    • Date on market: 8/8/2024
    • Cumulative days on market: 5 days
    • Listing terms: Conventional

    Price history

    DateEventPrice
    10/11/2024Sold$6,175,000$290/sqft
    Source: CRMLS #PW24163681 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Delthome

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $7,178,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $7,178,400