Active

21111 Wood Avenue 1

Torrance CA, 90503

$6,350,000


$564.49 per sqft

Active

11,249 sqft

Multi-family

Built in 1962

Listed by Brett Lyon with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

21111 Wood Ave is a recently remodeled turnkey 18-Unit in Redondo Beach Adjacent West Torrance. The property is comprised of (3) 2-Bed/1-Bath Units, (9) 1-Bed/1-Bath Units, and (6) Studio Units. It is also fully equipped with 18 garage spaces providing ample parking to tenants. It is currently generating over $37K/mo with potential for 10% rental upside!
This 11,249 SF building sits on a large 13,805 SF lot that features an entryway that leads to a courtyard. The building is completely renovated and recent capital improvements include: New Roof, Windows, Front Doors & Wood Siding, Improved Landscaping, New Exterior Paint & Copper Plumbing, New Cabinets, Grey Quartz Countertops, Smooth Interior Ceilings, Wood Laminate Flooring, Stainless Steel Appliances, New Lighting, New Bathroom Tile & Interior doors.
Located in West Torrance, this property is only 1.5 Miles from the Redondo Beach Pier offering some of the best scenic views and lifestyle that the South Bay has to offer. Considering the incredible condition of the building and great location, 21111 Wood Ave is a rare opportunity for any CRE Investor to enjoy high cashflow with an appreciating asset.
Attractive assumable financing is available w/ Chase Bank at an Attractive 3.97% Interest Rate. Up to $3M of the Loan is Assumable Subject to Buyer Qualification. The Loan is Interest Only Until March 2027 & Fixed Rate Until March 2029!

SB24015619

MLS ID

January 25, 2024

Listed

February 16, 2024

Updated

Map

21111 Wood Avenue 1
Torrance CA, 90503

Interior Features

Total Stories

2


Laundry Description

Common Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.32 Acres


Lot Features

16-20 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

131 - West Torrance


Garage

Yes


Garage Spaces

18


Parking

Garage


Parking Total

18


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

TORR-MD


Buyer Agency Compensation

2%

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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 2/16/2024 at 4:21 AM UTC

 

Powered byLuxury Presence