$12,400,000 Price Analysis   ♡   Torrance, CA 90503 73 bed 64 bath 38,126 SqFt ($325/SqFt) 0.82 acre lot. Built 1964 Listed 2024-05-17, Taxes $72,698 | Ⓧ USDA Ineligible due to price & location near Torrance |
The Anza South Apartments is a 34-unit
* Has Contingent Offer *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 sals 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-a dd 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.
Presented by Steffan Braunlich at
Berkadia.
Property MLS #24-393183 from TheMLSCLAW
Full Bathrooms: 64
Lot Size Source: Assessor
Lot Size Square Feet: 35755
Parking Total: 36
Calculated Total Monthly Association Fees: 0
Number of Units: 34
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 8780, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 56070, 3 BedsTotal: 3, 3 BathsTotal: 2, 3 SquareFeet: 27225
County: Los Angeles
Cap Rate: 4.93
Directions: Located on the SE corner of Anza Ave and Maricopa St
Source Property Type: Residential Income
Area: West Torrance
Source Neighborhood: West Torrance
Parcel Number: 7524-027-031
Zoning: TORR-MH
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $4,350,941 + $1,398,085 $5,749,026 | $72,698 |
| 2021 | $4,265,629 + $1,370,672 $5,636,301 | $71,464 |
| 2020 | $4,221,891 + $1,356,618 $5,578,509 | $70,454 |
| 2019 | $4,139,109 + $1,330,018 $5,469,127 | $69,480 |
| 2018 | $4,057,950 + $1,303,940 $5,361,890 | $67,245 |
| 2017 | $3,978,383 + $1,278,373 $5,256,756 | $65,785 |
| 2016 | $3,900,376 + $1,253,307 $5,153,683 | $63,911 |
| 2015 | $3,841,789 + $1,234,482 $5,076,271 | $62,556 |
| 2014 | $3,766,534 + $1,210,301 $4,976,835 | $61,119 |
| 2013 | $3,749,512 + $1,204,832 $4,954,344 | $60,337 |
| 2012 | $3,675,993 + $1,181,208 $4,857,201 | $59,672 |
| 2010 | $3,603,915 + $1,158,048 $4,761,963 | $57,624 |
| 2009 | $3,585,479 + $1,152,125 $4,737,604 | $56,801 |
| 2009 | $3,576,981 + $1,149,394 $4,726,375 | $56,801 |
| 2008 | $3,515,176 + $1,129,535 $4,644,711 | $53,877 |
| 2007 | $3,446,251 + $1,107,388 $4,553,639 | $52,461 |
$12,400,000
TheMLSCLAW
Listing removed 2020-03-15
$2,000
CRMLS
Sold 1991-07-16
$3,450,000
Public Record
Year Built: 1964
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 60
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.