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21111 Wood Avenue #1
USD 6,350,000
Property ID: SB24015619
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21111 Wood Avenue #1 ,90503
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icon 13805 SqFt
icon Built in 1962
icon USD 460/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
11249
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1962
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Detailed Introduction Of This Home
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!
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (22)
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21111 Wood Avenue #1
USD 6,350,000 0 Beds
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