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1737 1739 Fern AVE Torrance, CA 90503
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Key Details
Sold Price $1,700,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PV24120938
Sold Date 08/31/24
Construction Status Turnkey
HOA Y/N No
Year Built 1951
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.
Location
State CA
County Los Angeles
Area 126 - Central Torrance
Zoning R2
Rooms
Other Rooms Airplane Hangar
Interior
Interior Features Built-in Features, Block Walls, Granite Counters, In-Law Floorplan, Multiple Staircases, Open Floorplan, Recessed Lighting, Attic, Bedroom on Main Level
Heating Central, Wall Furnace
Cooling None
Flooring Laminate, See Remarks, Vinyl
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Free-Standing Range, Gas Range, Water Heater
Laundry Gas Dryer Hookup, Laundry Closet, Laundry Room, See Remarks
Exterior
Garage Concrete, Door-Multi, Driveway Level, Driveway, Garage, Garage Door Opener, Garage Faces Side
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Wood
Pool None
Community Features Biking, Suburban, Sidewalks
Utilities Available Electricity Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Accessibility None
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Sprinkler System, Street Level, Yard
Faces East
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Two
Additional Building Airplane Hangar
New Construction No
Construction Status Turnkey
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, Trust
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Bought with Vidya Naik • RE/MAX Estate Properties
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