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$12,400,000
68 Days Online

21010 Anza Avenue
Torrance, CA 90503

For Sale|Multi-Family|Pending
County:
Los Angeles
Listed by Steffan Braunlich of Berkadia

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310-902-7214
21010 Anza Avenue21010 Anza Avenue21010 Anza Avenue21010 Anza Avenue
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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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Listing Snapshot
Price 
$12,400,000
Days Online 
68 Days
Bedrooms 
73
Inside Area (SqFt) 
38,126 sqft
Total Baths 
64
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.8208 Acres
Year Built 
1964
MLS® Number 
24393183
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
a month agoStatus changed to Pending
2 months agoListing first seen online
General Features
Parking 
Garage
Parking Spaces 
36
Number of Stories 
2
Acreage 
0.8208
Zoning 
TORR-MH
Listing Conditions 
Standard
Interior Features
Cooling 
None
Heating 
None
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Community Features
Senior Community 
No
MLS Area 
131 - West Torrance


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. The 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.

Neighborhood & Commute
Source: Walkscore
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