Sold

20346 Anza Avenue

Torrance CA, 90503

$8,520,000


$423.54 per sqft

Sold

20,116 sqft

Residential

Built in 1963

Listed by Josh Cohen with Keller Williams Beach Cities 310-939-9300

The Cameo Apartments are located in Torrance, California. This is the first time this property has been available for purchase in decades. Having been professionally managed for years, the property has much curb appeal and generously sized units for the tenants to enjoy. Anza Avenue is widely regarded as one of the best located multifamily thoroughfares in all of the South Bay and properties there rarely trade hands. There is approximately 45% upside in rental income at the property for the new owner to capitalize on over the term of their ownership. As the units have turned, they have been enhanced with improvements that may include: new windows, new bathroom vanities and kitchen cabinetry, ceiling fans, flooring and more. The property is also individually metered for both gas and electricity. The roof is approximately 5-6 years old (buyer to verify). 75% of the units are large, two-bedroom, one-bathroom units. The hot water comes from a central water solar system installed approximately 5-6 years ago, which helps to reduce utility costs at the property (both gas and water). Tenants enjoy onsite laundry service (leased equipment) and each tenant has one secure garage parking spot.

SB22193395

MLS ID

September 2, 2022

Listed

March 23, 2024

Updated

Map

20346 Anza Avenue
Torrance CA, 90503

Interior Features

Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.57 Acres


Lot Features

Street Level


Sewer

Public Sewer

Other Property Details

Area Name

699 - Not Defined


Days on Market

19


Garage

Yes


Garage Spaces

24


Parking Total

24


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

TORR-MH


Buyer Agency Compensation

1.5%

Listing Contact: 310-939-9300 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:38 AM UTC

 

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