Sold

Closed

1737 1739 Fern Avenue

Torrance CA, 90503

$1,700,000


$521.47 per sqft

Sold

Closed

3,260 sqft

Multi-family

Built in 1951

Listed by Bruce Ellison with RE/MAX Estate Properties 310-710-1444

Huge price reduction! This is 1737 and 1739 Fern Ave. Welcome to the Prime Torrance Gardens Duplex, a rare gem in the heart of Torrance offering two standalone units on a lot - the epitome of what every homeowner and investor dreams of. This property boasts two detached units, each with its private yard, providing the perfect blend of comfort and privacy.
The front unit is a spacious 5-bedroom, 2-bathroom dwelling featuring a private laundry room and an oversized detached 2-car garage. Recently renovated with new windows, floors, baths, and a modern kitchen, this unit is a true sanctuary. This unit offers a lucrative investment opportunity.
The second unit offers 3 bedrooms, 2 bathrooms, and a private yard, complete with a 2-car garage and private laundry area. This home sits over the 2 garages. This unit is currently rented at $2,970 per month ($35,640 per year), adding to the property's overall rental income.
Rear unit is currently Rented. The long-term stability of this investment is evident through the tenure of the current tenant, the 3-bedroom unit tenants for over an impressive 22 years.
This Torrance Gardens Duplex presents a unique opportunity for investors, homeowners, and those seeking a multi-generational living arrangement. Don't miss your chance to own this exceptional property in a highly desirable location.

PV24120938

MLS ID

June 15, 2024

Listed

October 17, 2024

Updated

Map

1737 1739 Fern Avenue
Torrance CA, 90503

Interior Features

Total Stories

2


Interior Features

Built-in Features, Block Walls, Granite Counters, In-Law Floorplan, Multiple Staircases, Open Floorplan, Recessed Lighting, Attic, Bedroom on Main Level


Appliances

Dishwasher, Free-Standing Range, Gas Range, Water Heater


Laundry Description

Gas Dryer Hookup, Laundry Closet, Laundry Room, See Remarks


Floor Description

Laminate, See Remarks, Vinyl


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Central, Wall Furnace

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Sprinkler System, Street Level, Yard


Architectual Style

Contemporary


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

126 - Central Torrance


Days on Market

56


Garage

Yes


Garage Spaces

4


Parking

Concrete, Door-Multi, Driveway Level, Driveway, Garage, Garage Door Opener, Garage Faces Side


Parking Total

6


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

R2

Listing History

Date

Event

Price

9/3/2024

Sold

$1,700,000

8/11/2024

Pending

7/31/2024

Price change

$1,695,000

-4%

7/24/2024

Active

7/13/2024

Under contract

Listing Contact: 310-378-9494 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 6:21 AM UTC

 

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