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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 CRPV24120938
Sold Date 08/31/24
Style Contemporary
Originating Board California Regional MLS
Year Built 1951
Lot Size 7,501 Sqft
Property Sub-Type Duplex
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 t
Location
State CA
County Los Angeles
Area 126 - Central Torrance
Rooms
Kitchen Dishwasher, Oven Range - Gas, Oven Range
Interior
Heating Wall Furnace , Central Forced Air
Cooling None
Flooring Laminate, Other
Laundry Gas Hookup, In Closet, In Laundry Room
Exterior
Parking Features Attached Garage, Garage, Gate / Door Opener, Other
Garage Spaces 6.0
Pool None
View None
Roof Type Composition
Building
Lot Description Grade - Level
Foundation Concrete Slab
Water Hot Water, District - Public
Architectural Style Contemporary
Others
Tax ID 7359020054
Special Listing Condition Not Applicable
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Bought with Vidya Naik