21010 Anza Avenue, Torrance, CA 90503
Property
Sold October 2024
Listing Agent: Steffan Braunlich (DRE #01859098) · Listing Office: Berkadia · Contact: 310-209-3200 · Bought with: John Barbie · John Barbie, Broker · MLS #24393183 · Source: CRMLS
About this property
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.
Listing description from the October 2024 sale, as reported to CRMLS.
Sale history