About 20617 Amie Avenue
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
