Description
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.
Property Details for 21010 Anza Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Steffan Braunlich
- Listing Brokered By
- Berkadia
- Type
- Residential Income
- Year Built
- 1964
- MLS Area
- 131 - West Torrance
Price and MLS Information
- Status
- Pending | Listing History
- MLS Days on Mkt.
- 32 DOM
- First Date Active
- May 16th, 2024
- Current Price
- $12,400,000
- Current PPSF
- $325
- Orig. List Price
- $12,400,000
- MLS® #
- 24393183
- APN
- 7524027031
- Special
- Standard
Home Interior Information
- Levels/Stories
- Two
- Bedrooms
- 73
- Total Baths
- 64
- Int. Sqft.
- 38,126
- Heating
- None
- Cooling
- None
Exterior Information
- Lot Size (sq. ft.)
- 35,755
- Lot Size (acres)
- 0.82
- Parking Spaces
- 36
Additional Information
- Zoning
- TORR-MH
* 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.
Neighborhood Information
Listing/Price History
21010 Anza Avenue, Torrance, (MLS® #24393183)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending | – | – | |
| Active Under Contract (from Active) | – | – | |
| First Day Active | $12,400,000 | – |
Listing Summary
Quick Summary of 21010 Anza Avenue: This 73 Bedroom/64 Bathroom home in Torrance is priced at $12,400,000 ($325/PSF) . The 38,126 sqft. residence was originally built in 1964 and was listed on May 16th, 2024 at $12,400,000, showing 32 Days on Market currently. Contact Dave Fratello today for more information or to go see 21010 Anza Avenue.
Based on information from California Regional Multiple Listing Service, Inc. as of July 15th, 2024 at 7:10pm PDT. 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.
