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.
Sold for $1,700,000
Listed by: Estate Properties • Bruce Ellison • Contact: 310-373-7878
Bought with: Estate Properties
$1,700,000
1737-1739 S Fern Ave, Torrance, CA 90503
8beds
4baths
3,260sqft
Duplex
Built in 1951
-- sqft lot
$1,759,700 Zestimate®
$521/sqft
$3,937 Estimated rent
Home value
$1,759,700
$1.62M - $1.92M
$3,937/mo
Zestimate® history
Owner options
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$3,937/mo
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$3,937/mo
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$10,802/mo
Est. payment
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$10,802/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Bruce Ellison DRE #00594480 310-710-1444,
Estate Properties
Bought with:
Vidya Naik, DRE #00899743
Estate Properties
Source: CRMLS,MLS#: PV24120938
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Rooms
- Room types: Attic, Bedroom, Center Hall, Kitchen, Laundry, Living Room, Primary Bedroom, Other
Bedroom
- Features: Bedroom on Main Level
Heating
- Central, Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Free-Standing Range, Gas Range, Water Heater
- Laundry: Gas Dryer Hookup, Laundry Closet, Laundry Room, See Remarks
Features
- Built-in Features, Block Walls, Granite Counters, In-Law Floorplan, Multiple Staircases, Open Floorplan, Recessed Lighting, Attic, Bedroom on Main Level
- Flooring: Laminate, See Remarks, Vinyl
- Windows: Blinds
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,260
- Total interior livable area: 3,260 sqft
Property
Parking
- Total spaces: 6
- Parking features: Concrete, Door-Multi, Driveway Level, Driveway, Garage, Garage Door Opener, Garage Faces Side
- Garage spaces: 4
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Fencing: Block,Wood
- Has view: Yes
- View description: None
Lot
- Size: 7,501 Square Feet
- Features: Back Yard, Front Yard, Sprinklers In Rear, Sprinklers In Front, Sprinkler System, Street Level, Yard
Details
- Additional structures: Airplane Hangar
- Parcel number: 7359020054
- Zoning: R2
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Duplex
Materials
- Drywall, Frame, Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Turnkey
- New construction: No
- Year built: 1951
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Suburban, Sidewalks
Location
- Region: Torrance
Financial & listing details
- Price per square foot: $521/sqft
- Date on market: 6/15/2024
- Cumulative days on market: 56 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
- Inclusions: Appliances for all units
- Tenant pays: Cable TV, Electricity, Gas, See Remarks, Telephone
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2024 | Sold | $1,700,000+0.3%$521/sqft |
Source:  CRMLS #PV24120938 Report a problem | ||
| 8/11/2024 | Pending sale | $1,695,000$520/sqft |
Source: CRMLS #PV24120938 Report a problem | ||
| 7/31/2024 | Price change | $1,695,000-3.7%$520/sqft |
Source: CRMLS #PV24120938 Report a problem | ||
| 7/24/2024 | Listed for sale | $1,760,000$540/sqft |
Source: CRMLS #PV24120938 Report a problem | ||
| 7/13/2024 | Contingent | $1,760,000$540/sqft |
Source: CRMLS #PV24120938 Report a problem | ||
| 6/15/2024 | Listed for sale | $1,760,000$540/sqft |
Source: CRMLS #PV24120938 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Madrona
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Nearby schools
GreatSchools rating
- 8/10Fern Elementary SchoolGrades: K-5Distance: 0.3 mi
- 8/10Madrona Middle SchoolGrades: 6-8Distance: 0.7 mi
- 9/10Torrance High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$1,759,700
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Estimated market value
$1,759,700
- California
- Los Angeles County
- Torrance
- 90503
- Madrona
- 1737-1739 S Fern Ave
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