B
Seller's Agent in 2024
Bruce Ellison
RE/MAX
(310) 710-1444
2 in this area
8 Total Sales
1739 Fern Ave Torrance, CA 90503
Central Torrance NeighborhoodEstimated Value: $1,700,000 - $1,780,000
8
Beds
4
Baths
3,260
Sq Ft
$534/Sq Ft
Est. Value
Highlights
- Airplane Hangar
- Open Floorplan
- Contemporary Architecture
- Fern Elementary School Rated A
- Dual Staircase
- Main Floor Bedroom
About This Home
As of August 2024Huge 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.
Last Agent to Sell the Property
Estate Properties Brokerage Phone: 310-710-1444 License #00594480 Listed on: 06/15/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,334
Year Built
- Built in 1951
Lot Details
- 7,501 Sq Ft Lot
- No Common Walls
- East Facing Home
- Wood Fence
- Block Wall Fence
- Level Lot
- Front and Back Yard Sprinklers
- Private Yard
- Back and Front Yard
Parking
- 4 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Side Facing Garage
- Two Garage Doors
- Garage Door Opener
- Driveway Level
Home Design
- Duplex
- Contemporary Architecture
- Entry on the 1st floor
- Turnkey
- Slab Foundation
- Fire Rated Drywall
- Interior Block Wall
- Frame Construction
- Composition Roof
- Stucco
Interior Spaces
- 3,260 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Dual Staircase
- Built-In Features
- Recessed Lighting
- Blinds
- Living Room
- Center Hall
- Attic
Kitchen
- Gas Range
- Free-Standing Range
- Dishwasher
- Granite Countertops
Flooring
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
- Main Floor Bedroom
- In-Law or Guest Suite
- 4 Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Utilities
- Central Heating
- Wall Furnace
- Water Heater
Additional Features
- Airplane Hangar
- Suburban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Legal Lot and Block 3 / 14
- Tax Tract Number 2761
- Assessor Parcel Number 7359020054
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Recreation
- Bike Trail
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,080
- Insurance Expense $2,048
- Trash Expense $1,955
- Water Sewer Expense $1,632
- Operating Expense $6,715
- Gross Income $85,925
- Net Operating Income $85,925
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 15, 2024
Closed on
Aug 23, 2024
Sold by
Ellison Living Trust and Ellison Bruce
Bought by
Unified Investments V Llc
Seller's Agent
Bruce Ellison
Estate Properties
Buyer's Agent
Vidya Naik
Estate Properties
List Price
$1,760,000
Sold Price
$1,700,000
Premium/Discount to List
-$60,000
-3.41%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,384
Avg. Annual Appreciation
2.15%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Unified Investments V Llc | $1,700,000 | Fidelity National Title |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2024 08/31/24 | Sold | $1,700,000 | +0.3% | $521 / Sq Ft |
| 08/10/2024 08/10/24 | Pending | -- | -- | -- |
| 07/31/2024 07/31/24 | Price Changed | $1,695,000 | -3.7% | $520 / Sq Ft |
| 06/15/2024 06/15/24 | For Sale | $1,760,000 | -- | $540 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,334 | $1,700,000 | $1,000,000 | $700,000 |
| 2024 | $6,334 | $515,328 | $195,611 | $319,717 |
| 2023 | $6,223 | $505,225 | $191,776 | $313,449 |
| 2022 | $6,140 | $495,319 | $188,016 | $307,303 |
| 2021 | $6,016 | $485,608 | $184,330 | $301,278 |
| 2019 | $5,846 | $471,206 | $178,863 | $292,343 |
| 2018 | $5,607 | $461,967 | $175,356 | $286,611 |
| 2016 | $5,332 | $444,031 | $168,548 | $275,483 |
| 2015 | $5,218 | $437,362 | $166,017 | $271,345 |
| 2014 | $5,094 | $428,795 | $162,765 | $266,030 |
Source: Public Records
Agents Affiliated with this Home
-
Bruce Ellison
-
Vidya Naik
Buyer's Agent in 2024
Vidya Naik
RE/MAX
(310) 704-7873
2 in this area
14 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PV24120938
APN: 7359-020-054
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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