21010 Anza Avenue Torrance, CA $ 12,400,000
21010 Anza Avenue
$ 12,400,000
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21010 Anza Avenue

Torrance, CA, 90503
$ 12,400,000
Baths0.0 Sq 38,126

Monthly Estimate*

$ 82,414

21010 Anza Avenue, Torrance, CA 90503 - Image 1
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Studio

Multi-Family Home for sale in Torrance, CA

for $12,400,000. This 38,126 square foot home was built in 1964 on a lot size of 0.82.

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 compensate 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.

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Multi-Family Active

Price

$ 12,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.82

Year Built

1964

Town/City

Torrance

County/Region

Los Angeles

MLS | Web ID

0024393183

Features
General
Zoning TORR-MH
Pool Features None
Year Built 1964
Levels Two
County Los Angeles
Net Operating Income 611594.0
New Construction No
Property Type C
HOA / Comm Assn No
Status Active
City Torrance
Buyer Agent Compensation 1.25
Senior Community Y/N No
MLS Area 131 - West Torrance
Lot Size Square Feet 35755.0
Street Name Anza
Standard Status Active
Buyer Agent Compensation Type %
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Exterior
Parking Features Garage
Lot Size Area 35755.0
Foundation Details None
Building Area Total 38126.0
Lot Size Acres 0.82
Lot Size Units Square Feet
Land Lease Type Fee
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Interior
Total Stories 2
Air Conditioning Y/N No
Heating Y/N No
Street Suffix Avenue
Total Baths 0
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* Excluded Features
List By
Steffan Braunlich

Listing Agent

Berkadia

Broker

Affordability Calculator

$82,414
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Monthly Principal & Interest
$82,414
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
793437 Elementary School
793428 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/17/2024$12,400,000 Listed Price

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21010 Anza Avenue, Torrance, CA, 90503 is a Multi-Family Home for sale at $12,400,000 with 38,126 sqft and a lot size of 0.82. 21010 Anza Avenue is a studio with 0.0 baths and was built in 1964. The property's zip code is 90503 which is in Torrance, CA