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20721 Amie Avenue

Torrance, 90503

0 Bd
0 Ba
17,506 Lot
$6,175,000 SOLD Price | Closed 10/11/24
Closed Status
5 Days on Market
Aug 8 First Day Active
$6,100,000 Start Price

Description

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.

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Property Details for 20721 Amie Avenue

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Woody Stahl
Listing Brokered By
Lyon Stahl Investment Real Est
Type
Residential Income, Mixed Use
Year Built
1971 (Assessor)
MLS Area
126 - Central Torrance

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
5 DOM
Combined DOM*
5
First Date Active
August 8th, 2024
Closing Date
October 11th, 2024
Sold Price
$6,175,000
Orig. List Price
$6,100,000
MLS® #
PW24163681
APN
7524011065
Special
Standard

Room Information

Laundry
CommonArea

Exterior Information

Lot Description
SixteenToTwentyUnitsAcre
Lot Size (sq. ft.)
17,506
Lot Size (acres)
0.40
Pool
None
Parking Spaces
34
Garage Spaces
34

Utilities Information

Water Source
Public

Additional Information

Zoning
TORR-MH
Co-Agent
Brett Lyon
Co-Agent Office
Lyon Stahl Investment Real Estate, Inc.

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
126 - Central Torrance
City/State
Torrance
Zip Code
90503
County
Los Angeles
# of Units
16
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Listing/Price History

20721 Amie Avenue, Torrance, (MLS® #PW24163681)

Date Details Price Change
Closed $6,175,000
Pending (from Active)
First Day Active $6,100,000
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Listing Summary

Quick Summary of 20721 Amie Avenue: This home in Torrance is priced at $6,100,000 . The Mixed Use residence was originally built in 1971 and was listed on August 8th, 2024 at $6,100,000, showing 5 Days on Market currently. Contact Dave Fratello today for more information or to go see 20721 Amie Avenue.

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Based on information from California Regional Multiple Listing Service, Inc. as of February 18th, 2025 at 3:35pm PST. 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, 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.