Turnkey 18-Unit Apartment
For Sale
Contact for pricing
21111 Wood Ave, Torrance, CA 90503
Recently remodeled 18-unit apartment building with 18 garage spaces and a courtyard entry.
Property Size11,249 SF
Lot Size0.32 Acres
Days on Market121
Property Features for 21111 Wood Ave
General Information
Standard status
Active
Size
11,249 SF
Total Parking Spaces
18
Lot size
0.32 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
18
Amenities
courtyard
Building Details
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate
(310) 425-9838
Listed By:
Brett Lyon · License #CA 01717818
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 22 at 9:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
21111 Wood Ave is a recently remodeled, turnkey 18-unit multifamily property. The unit mix consists of three 2-bedroom, 1-bath units, nine 1-bedroom, 1-bath units, and six studio units. The property includes 18 garage spaces and an entry sequence that leads to a courtyard. The building is described as fully renovated, with recent capital improvements including a new roof, windows, front doors and wood siding, improved landscaping, new exterior paint and copper plumbing, new cabinets and grey quartz countertops, smooth interior ceilings, wood laminate flooring, stainless steel appliances, new lighting, new bathroom tile, and interior doors.
The 11,249 SF building sits on a 13,805 SF lot. Located in West Torrance and described as adjacent to West Torrance/Redondo Beach, it is approximately 1.5 miles from the Redondo Beach Pier.
The property is currently generating over $37K/month, with stated potential for rental upside. An assumable financing option is described through Chase Bank, with an interest-only term until March 2027 and fixed rate until March 2029, subject to buyer qualification.
The 11,249 SF building sits on a 13,805 SF lot. Located in West Torrance and described as adjacent to West Torrance/Redondo Beach, it is approximately 1.5 miles from the Redondo Beach Pier.
The property is currently generating over $37K/month, with stated potential for rental upside. An assumable financing option is described through Chase Bank, with an interest-only term until March 2027 and fixed rate until March 2029, subject to buyer qualification.
Key Highlights
- Recently remodeled 18‑unit apartment building with a mix of (3) 2BD/1BA, (9) 1BD/1BA, and (6) studio units
- 11,249 SF building on a 13,805 SF lot with an entryway leading to a courtyard
- Fully equipped with 18 garage spaces for tenant parking
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,498
Businesses Nearby
Explore this area
Business Placement
Demographics for 90503, CA
45,386
Population
18,189
Households
2.5
Avg Household Size
42
Median Age
55%
College-Educated
96%
High-School Grad
5.3 sq mi
ZIP Area
8,563
Density / Sq Mi
$119,685
Median Household Income
$71,848
Median Earnings
$2,249
Median Rent
$1,058,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently remodeled 18-unit apartment building with 18 garage spaces and a courtyard entry.
Where is this apartment building located?
The property is located at 21111 Wood Ave Torrance, CA.
What are key features of this property?
This property features: Recently remodeled 18‑unit apartment building with a mix of (3) 2BD/1BA, (9) 1BD/1BA, and (6) studio units; 11,249 SF building on a 13,805 SF lot with an entryway leading to a courtyard; Fully equipped with 18 garage spaces for tenant parking
