20617 Amie Avenue Active Save Request In-Person Tour Request Virtual Tour
Torrance,CA 90503
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,208 sqft
Price per Sqft $445
MLS Listing ID CL25570587
Year Built 1961
Lot Size 0.480 Acres
Property Sub-Type Other
Property Description
Highly Desirable Torrance Location - Just One Block East of Hawthorne Boulevard & South of Del Amo Boulevard | Located Less Than 2.5 Miles from the Beach & Close Proximity to Del Amo Fashion Center, King Harbor, Redondo Beach Pier & Village Del Amo | 6.28% Pro-Forma Cap Rate & 10.25 Pro-Forma GRM | 3.85% Current Cap Rate & 13.98 Current GRM | Large 20,923-SF Lot | Desirable Opportunity to Add ADUs | Roof Recently "Tuned Up" | Significant Value-Add Potential - Approximately 36% in Rental Upside | Investor Could Consider Implementing Utility Reimbursement Program (RUBS) to Decrease Operational Expenses & Increase Operating Income | No Local Rent Control - Defaults to AB 1482 | On-Site Laundry Facility - Generates Additional Income | Total of 20 Parking Spaces | Offered at $249,750 Per Unit
Location
State CA
County Los Angeles
Zoning TORR
Interior
Laundry Common Area,Laundry Room
Building
New Construction No