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Sold for $1,700,000 on 08/31/24
  • Listing Provided by: 

    Bruce Ellison DRE #00594480 310-710-1444,

    Estate Properties

    Bought with: Estate Properties
    $1,700,000

    1737 Fern Ave, Torrance, CA 90503

    8beds
    3,260sqft
    Duplex
    Built in 1951
    7,501 Square Feet Lot
    $2,068,000 Zestimate®
    $521/sqft
    $7,062 Estimated rent

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    $7,062/mo

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    $7,062/mo

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    $10,661/mo

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    $10,661/mo

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: December 04, 2024 at 06:31pm

    Listing Provided by:

    Bruce Ellison DRE #00594480 310-710-1444,

    Estate Properties

    Bought with:

    Vidya Naik, DRE #00899743

    Estate Properties

    Source: CRMLS,MLS#: PV24157306MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    • Full bathrooms: 3
    • 3/4 bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Heating
    • Central
    Cooling
    • None
    Appliances
    • Included: Gas Oven
    • Laundry: Inside, Laundry Room
    Features
    • Granite Counters, Tile Counters
    • Flooring: Laminate, Vinyl
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 3,260 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Assigned, Door-Multi, Driveway Level, Garage, Garage Door Opener
    • Garage spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1st Floor
    • Patio & porch: Concrete
    • Pool features: None
    • Spa features: None
    • Fencing: Block
    • Has view: Yes
    Lot
    • Size: 7,501 sqft
    • Features: Back Yard, Front Yard
    Details
    • Additional structures: Second Garage
    • Parcel number: 7359020054
    • Zoning: TORR-LM
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary
    • Property subtype: Duplex
    Condition
    • Updated/Remodeled
    • New construction: No
    • Year built: 1951

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected

    Community & neighborhood

    Community
    • Community features: Street Lights, Sidewalks
    Location
    • Region: Torrance

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
    • Road surface type: Paved
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    Estimated market value
    $2,068,000