20617 Amie Avenue, Torrance, CA 90503
  • MLS#: 25570587 ( )
  • Street Address: 20617 Amie Avenue
  • Viewed: 4
  • Price: $4,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 87
  • Additional Information
  • County: LOS ANGELES
  • City: Torrance
  • Zipcode: 90503
  • Provided by: Shield CRE, Inc.
  • Contact: Jonathan Jonathan
  • California Regional MLS IDX
  • DMCA Notice
  • 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 | studios include full kitchens and bathrooms (gas stove, tub & shower) | roof recently "tuned up" | main sewer line replaced in 2023 | 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 | sb 721 balcony inspection performed and upgraded railings height & width to new code safety standards | total of 20 parking spaces | offered at $249,750 per unit
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Building Area Total
  1. 11208.00
Carport Spaces
  1. 20.00
Country
  1. US
Laundry Features
  1. Individual Room
  2. Community
Levels
  1. Two
Netoperatingincome
  1. 192499.00
Parcel Number
  1. 7524011046
Parking Features
  1. Carport
  2. Covered
Sourcesystemkey
  1. 25570587:CLAW
Totalexpenses
  1. 158379.00
Year Built
  1. 1961
Year Built Source
  1. Other
Zoning
  1. TORR-MH