20721 Amie Avenue, Torrance, CA 90503
Property
Sold October 2024
Listing Agent: Woody Stahl (DRE #01399621) · Listing Office: Lyon Stahl Investment Real Est · Contact: woody@lyonstahl.com · Bought with: Austin Zahn · Lyon Stahl Investment Real Estate, Inc. · MLS #PW24163681 · Source: CRMLS
About this property
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.
Listing description from the October 2024 sale, as reported to CRMLS.
Sale history