$1,700,000
$1,695,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
1737 Fern AVE Torrance, CA 90503
8 Beds
4 Baths
3,260 SqFt
Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Duplex
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
Bedrooms 8
Full Baths 3
Three Quarter Bath 1
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.
Location
State CA
County Los Angeles
Area 126 - Central Torrance
Zoning TORR-LM
Rooms
Other Rooms Second Garage
Main Level Bedrooms 1
Ensuite Laundry Inside, Laundry Room
Interior
Interior Features Granite Counters, Tile Counters
Laundry Location Inside,Laundry Room
Heating Central
Cooling None
Flooring Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Oven
Laundry Inside, Laundry Room
Exterior
Garage Assigned, Door-Multi, Driveway Level, Garage, Garage Door Opener
Garage Spaces 4.0
Garage Description 4.0
Fence Block
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected
View Y/N Yes
Porch Concrete
Parking Type Assigned, Door-Multi, Driveway Level, Garage, Garage Door Opener
Attached Garage No
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard, Front Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Two
Additional Building Second Garage
New Construction No
Construction Status Updated/Remodeled
Schools
Elementary Schools Fern
High Schools Torrance
School District Torrance Unified
Others
Senior Community No
Tax ID 7359020054
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Vidya Naik • RE/MAX Estate Properties