1737 Fern Avenue

Torrance, CA 90503

$1,760,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $539 / sqft

1951

calendar_month Built

Property Description

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. Currently leased at $3,995 per month ($47,940 per year), 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. Both units are currently Rented on a month-to-month basis, providing flexibility for the new owner. The long-term stability of this investment is evident through the tenure of the current tenants, with the 5-bedroom unit tenants residing for the past 1.5 years and the 3-bedroom unit tenants for over an impressive 20 years. With a combined annual rental income of $83,580, 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 desirable location.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Laminate, See Remarks, Vinyl
Fireplace Information
Features None
Interior Information
Features 2 Staircases, Block Walls, Built-in Features, Granite Counters, In-Law Floorplan, Open Floorplan, Recessed Lighting
Cooling Type None

Listing Information

Address 1737 Fern Avenue
City Torrance
State CA
Zip 90503
County Los Angeles
Listing Agent Bruce Ellison DRE#00594480
Courtesy Of RE/MAX Estate Properties
MLS PV24120938
List Price $1,760,000
Status Active
Type Residential Income
Subtype Duplex
Structure Size N/A
Lot Size 7,501
Year Built 1951
DOM 6

Exterior Information

Other Structures
Structures Airplane Hangar

Maps

Listing information courtesy of: Bruce Ellison, RE/MAX Estate Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 20th, 2024 at 8:25 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.