$1,700,000
$1,695,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,260 SqFt
SOLD DATE : 08/31/2024
Key Details
Sold Price $1,700,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 3,260 sqft
Price per Sqft $521
MLS Listing ID PV24157306
Sold Date 08/31/24
Style Townhome
Bedrooms 8
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1951
Lot Size 7,501 Sqft
Acres 0.1722
Property Description
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.
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.
Location
State CA
County Los Angeles
Area Torrance (90503)
Zoning TORR-LM
Interior
Interior Features Granite Counters, Tile Counters
Flooring Laminate, Linoleum/Vinyl
Equipment Gas Oven
Appliance Gas Oven
Laundry Laundry Room, Inside
Exterior
Garage Assigned, Garage, Garage - Two Door, Garage Door Opener
Garage Spaces 4.0
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
View Other/Remarks
Total Parking Spaces 4
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories 2 Story
Construction Status Updated/Remodeled
Others
Monthly Total Fees $51
Acceptable Financing Cash, Exchange, Cash To New Loan
Listing Terms Cash, Exchange, Cash To New Loan
Special Listing Condition Standard
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Bought with Vidya Naik • RE/MAX Estate Properties
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States