$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
7,501 Sqft Lot
SOLD DATE : 08/31/2024
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PV24120938
Sold Date 08/31/24
Bedrooms 8
HOA Y/N No
Lot Size 7,501 Sqft
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 Assessor
Exterior
Exterior Feature Stucco
Roof Type Composition
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Financing Cash
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Bought with Vidya Naik • RE/MAX Estate Properties
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States