ASSET 20-unit apartment with tremendous rental upside in a highly desirable Torrance location. Not subject to local rent control – AB 1482 only. Situated on a large 20,923-SF lot, the property features an on-site laundry facility and a total of 20 parking spaces. The roof was recently ‘tuned up’ with recommended repairs. The large lot presents a desirable opportunity to add ADUs. The property is master metered for gas and electricity. An astute investor could consider implementing a utility reimbursement program (RUBS) to significantly decrease operational expenses and increase operating income. LOCATION 20617 Amie Avenue is located south of Del Amo Boulevard and just one block east of Hawthorne Boulevard, less than 2.5 miles from the Redondo Beach Pier and the beach. The property is just a few blocks from Del Amo Fashion Center and in close proximity to King Harbor, Village Del Amo and many other retail, entertainment and dining options of Torrance and Redondo Beach. FINANCIALS With rents that that are +/- 36% below market, yielding a pro-forma cap rate of 6.28% and pro-forma GRM of 10.25, the asset possesses an incredible value-add opportunity. The property also contains stable in-place rents with a current cap rate of 3.85% and current GRM of 13.98. At $249,750 per unit, this investment is a great intrinsic value purchase suggesting significant long term appreciation potential. *Buyer to conduct their own due diligence and investigation. Please do not disturb tenants.