21010 Anza Avenue

Torrance, CA 90503

$12,400,000
Price
73
Beds
64
Baths
38,126 Sq. Ft.
$325 / Sq. Ft.
38,126
Sq. Ft.
$325
per Sq. Ft.

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...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.
  1. Listed by Steffan Braunlich • DRE #01859098 • Brokerage DRE #01308753 • Berkadia

Property Details for 21010 Anza Avenue

Zoning
TORR-MH
Parcel Number
7524027031
Total Units
34.0
Living Area
38126
Source Living Area
Vendor Enhanced
Area
West Torrance (131)
Vacancy Rate
3%
Lot Size Area
35755

Location

Listing Courtesy of Berkadia, Steffan Braunlich, DRE #01859098
Add your commute
LISTING UPDATED: 05/24/2024 12:01 AM

Property Details for 21010 Anza Avenue

StatusActive
MLS #24-393183
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.82 AC / 35,755 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkadia, Steffan Braunlich, DRE #01859098
Add your commute

Building Information for 21010 Anza Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.82 AC / 35,755 SF

Payment Calculator

$73,812 per month

30 year fixed, 7.25% Interest

Principal and Interest

$67,672

Property Taxes

$6,140

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 21010 Anza Avenue

Community / Development
Community / Development
  • Number Of Units: 34
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $932,239
  • Net Operating Income: $611,594.00
  • Gross Income: $950,556
  • Cap Rate: 4.93%
  • Gross Rent Multiplier: $13.04
  • Total Annual Expense: 320646
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.8209
  • Lot Size Square Feet: 35755
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 36
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-16-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,879.00
  • Unit Actual Rent: $7,516.00
  • Unit Projected Rent: $8,780.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,343.00
  • Unit Actual Rent: $49,203.00
  • Unit Projected Rent: $56,070.00
  • Like Units: 21
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,499.00
  • Unit Actual Rent: $22,491.00
  • Unit Projected Rent: $27,225.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $4,437,959.00
  • Assessed Improvement Percent: 75.68
  • Assessed Land Value: $1,426,046.00
  • Assessed Land Percent: 24.32
  • Assessed Total Value: $5,864,005.00

Property History for 21010 Anza Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 21010 Anza Avenue

Taxable ValueLand$1,426,046Additions$4,448,159Total$5,874,205
Tax Record2023$73,683 ($6,140 / month)
Home Facts
Total Finished SqFt38,126 SqFtAbove Grade Finished SqFt38,126 SqFtLot Size35,755 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningTORR-MHCountyLOS ANGELESAPN7524-027-031

Schools near 21010 Anza Avenue

This home is within Torrance Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Victor Elementary School
PublicK to 5

Jefferson Middle School
Public6 to 8

West High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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21010 Anza Avenue is a multi-family home for sale in Torrance, CA 90503. This property was listed for sale on May 16, 2024 by Berkadia, it's currently listed at $12,400,000. This listing's school district is Torrance Unified School District. Nearby schools include Victor Elementary School, Jefferson Middle School and West High School. 21010 Anza Avenue is a 73-bed, 64-bath, 38,126 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkadia, Steffan Braunlich, DRE #01859098

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.