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21010 Anza Ave, Torrance, CA 90503
$12,400,000
21010 Anza Ave, Torrance, CA 90503View this property at 21010 Anza Ave, Torrance, CA 90503
21010 Anza AveTorranceCA90503
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Property 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.
Full Property Details
Full Property Details for 21010 Anza Ave
General
- Price: $12,400,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-393183
- Updated: 5/16/2024
- Added to Site: 16 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 64
Bedrooms
- Total Bedrooms: 73
Additional Information
- Other Features: None
Parking
- Garage Description: Garage
Location
- Area: West Torrance
- County: Los Angeles
- Driving Directions: Located on the SE corner of Anza Ave and Maricopa St
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 38,126
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1964
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 34
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Total Bathrooms: 2
- Bedrooms: 3
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.8209
- Lot Size: 35755
- Lot Size Source: Assessor
- Zoning: TORR-MH
Financial Considerations
- Price Per Sq. Ft.: $325.24
- Assessment Year: 1964
Disclosures and Reports
- Disclosures/Reports: None
- APN: 7524-027-031
Listed by Berkadia, Steffan Braunlich
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Schools
Schools serving 21010 Anza Ave
School District:Torrance Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4820 Spencer St, Torrance, CA 90503 | K-5 | 0.4 mi | |
21717 Talisman St, Torrance, CA 90503 | 6-8 | 0.5 mi | |
20401 Victor St, Torrance, CA 90503 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 21010 Anza Ave
Date
Details
Price
Change
Source
5/16/2024
Listed
$12,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 21010 Anza Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$73,683
1%
$5,874,205
2%
2022
$72,699
2%
$5,759,226
2%
2021
$71,464
1%
$5,646,501
1%
2020
$70,454
1%
$5,588,709
2%
2019
$69,481
3%
$5,469,127
2%
2018
$67,245
2%
$5,361,890
2%
2017
$65,785
3%
$5,256,756
2%
2016
$63,912
2%
$5,153,683
2%
2015
$62,556
2%
$5,076,271
2%
2014
$61,120
1%
$4,976,835
—
2013
$60,337
—
$4,954,344
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 21010 Anza Ave
21010 Anza Ave, Torrance, CA 90503 (MLS# 24-393183) is a Multi-Family property with units containing 73 bedrooms and 0 full bathrooms. 21010 Anza Ave is currently listed for $12,400,000 and was received on May 16, 2024. Want to learn more about 21010 Anza Ave? Do you have questions about finding other Multi-Family real estate for sale in Torrance? You can browse all Torrance real estate or contact a Coldwell Banker agent to request more information.