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21110 Wood Ave
Torrance, CA 90503
Crestwood Apartments · Multifamily Property For Sale
·
18 Units
Investment Highlights
- 18-Unit Apartment in Highly Desirable West Torrance Location | Large 13,787-SF Lot
- Desirable Opportunity to Add ADUs | Total of 18 Garage Spaces
- No Local Rent Control – Defaults to AB 1482 | Four Units Delivered Vacant
- Located Approximately 1 Mile from the Pacific Ocean & Redondo Beach Pier and Close Proximity to Del Amo Fashion Center, King Harbor & Village Del Amo
- 5.68% Current Cap Rate & 11.76 Current GRM | 6.65% Pro-Forma Cap Rate & 10.47 Pro-Forma GRM
- Common Area Courtyard | On-Site Laundry Facility – Generates Additional Annual Income
Property Facts
| No. Units | 18 | Building Size | 10,638 SF |
| Property Type | Multifamily | Average Occupancy | 78% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.69/1,000 SF |
| Lot Size | 0.32 AC | ||
| Zoning | TORR-MD - Medium-Density Residential Zoning | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 10,638 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | TORR-MD - Medium-Density Residential Zoning |
Amenities
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $1,940 | - |
| 1+1 | 9 | $2,053 | - |
| 2+1 | 2 | $2,558 | - |
| 2+2 | 1 | $3,000 | - |
Property Taxes
| Parcel Number | 7519-002-007 | Improvements Assessment | $2,734,114 |
| Land Assessment | $3,280,937 | Total Assessment | $6,015,051 |
Property Taxes
Parcel Number
7519-002-007
Land Assessment
$3,280,937
Improvements Assessment
$2,734,114
Total Assessment
$6,015,051
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