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20617 Amie Ave
Off-Market Call for Pricing
Call for Pricing
- 20 Units
- 11,208 Sq Ft
- 20,923 Sq Ft
- Unknown Cap Rate
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
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,995,000 |
| Property Type | Multi-Family |
| Usable Sqft | 11,208 |
| Number of Stories | 2 stories |
| Parking Spots | 20 spots |
| Year Built | 1961 |
| Last Sold | November 14, 2025 |
| Sold Price | 4,575,000 |
| APN # | 7524011046 |
| MLS # | 25570587 |
| Property ID | 294286991 |
| Lot Sqft | 20,923 |
| Zoning | TORR-MH |
| Total Units | 20 |
| Date Updated | November 18, 2025 |
| Date Created | July 28, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 0 | 1.00 | $1,269 | $21,000 |
| Unit #2 | 2 | 1.00 | $2,098 | $10,600 |
| Unit #3 | 1 | 1.00 | $1,538 | $9,000 |
| Gross Income (Yr) | $ 350,879 |
| Operating Expenses | $ 158,379 |
| Net Income (Yr) | $ 192,499 |
| Cap Rate | 3.85% |
Listing Provided By
Jonathan Nikfarjam an agent of . Lic #01856803
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Robert Crawford
REAL ESTATE AGENT