ASSET 18-unit apartment in a highly desirable west Torrance location. Not subject to local rent control – AB 1482 only. Situated on a large 13,787-SF corner lot, the property contains a unit mix of (1) 2-bedroom/2-bathroom unit, (2) 2-bedroom/1-bathroom units, (9) 1-bedroom/1-bathroom units and (6) studio/1-bathroom units. Four of the units will be delivered vacant. The property features a common area courtyard, on-site laundry facility and a total of 18 garage spaces. The large lot presents a desirable opportunity to add ADUs. LOCATION 21110 Wood Avenue is located west of Anza Avenue, approximately 1 mile from the Redondo Beach Pier and the beach. The property is just 1 block north of Torrance Boulevard and in close proximity to Del Amo Fashion Center, Village Del Amo, King Harbor and many other retail, entertainment and dining options of Torrance and Redondo Beach. FINANCIALS The property has strong in-place rents as well as legitimate rental upside. The asset yields a current cap rate of 4.98% and current GRM of 13.07 with a pro-forma cap rate of 5.86% and pro-forma GRM of 11.64. *Please do not disturb tenants. Buyer to conduct their own due diligence and investigation.