Listed by Josh Cohen, Keller Williams Beach Cities,

20346 Anza Avenue

Torrance, CA, 90503

$9,500,000

$472 per ft²
$9,500,000
$472 per ft²
Pending
Pending
 - For Sale
carpenters-square
20,116 ft²
property_type
Multi-family
calendar
Built 1963
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.
MLS® ID:
SB22193395
Listed:
9/1/22
Updated:
10/5/22
Vista Sotheby's International Realty
Mackenbach Group

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.57 acres lot
Lot Details
Street Level
Sewer
Public Sewer

Other Property Details

Area Name
699 - Not Defined
HOA Amenities
Sidewalks
Garage
Yes
Garage Spaces
24
Parking
Y
Parking Total
24.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
TORR-MH

Property History

Date
Event
Price
Value
9/21/22
Pending
-
-

 

Listed by Josh Cohen, Keller Williams Beach Cities,

Based on information from California Regional Multiple Listing Service, Inc. as of 10/5/22. 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, 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.

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Data last updated 5:02 PM UTC, 10/5/22

Vista Sotheby's International Realty
Mackenbach Group
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