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 310-209-3200

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.

24393183

MLS ID

May 16, 2024

Listed

July 14, 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 7/14/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 6:21 AM UTC

 

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