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