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. $2.7M of the Loan is Assumable Subject to Buyer Qualification. The Loan is Interest Only Until March 2027 & Fixed Rate Until March 2029!