This residential income duplex property is ideally situated in Torrance, close to parks and dining options. It features ample space, with lots of potential. Recent upgrades enhance its appeal for potential cash flow. With three levels, including a strong foundation basement, this property offers spacious room for both living and storage. This stunning duplex boasts around 7,480sqft of living space on a 8,754sqft lot. Its spacious layout makes it ideal for families or as a potential rental income opportunity. It's an excellent investment opportunity at this unbelievable price, featuring substantial living space and income-generating capabilities, making them attractive options for investors and people who is looking for additional cash flow. It also has the potential and offers the space to build 1-2 ADUs. Don't miss out!
Residential income opportunity located at the gateway of Torrance. Close proximity to parks and Front house is 1200 SF featuring 3 bedrooms and 2 bathrooms. With new flooring installed a few years ago and a renovated bathroom, the cozy home also features a spacious kitchen. The backhouse is approximately 800 SF with 1 bedroom and 1 full bathroom with the bonus of its own private yard. To add to the income stream, the garage was converted to two units featuring one studio and another being 1 bedroom and 1 bathroom. The property is fully leased.
RARE NEW development opportunity in Torrance. 3 connected parcels totaling 38,165 sqft. 22102, 22042, 22040 Normandie Ave. The new owner can build 1 SFR + 1 SFR + 2 Detached ADUs + 1 Attached ADU per parcel. 5 new units per parcel with a total of 15 units. This meets all the criteria in the SB9 summary. 22102 Normandie has a lot size of 24,554 sqft. 22040 Normandie has a lot size of 7,026 sqft. 22042= 6,585 sqft. Buyer to verify all information. IF YOUR LOOKING TO DEVELOP AND BUILD NEW CONSTRUCTION IN TORRANCE, THIS MAY BE YOUR OPPORTUNITY!
The median home value in Torrance, CA is $662,800. This is lower than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Torrance, CA is $662,800. Approximately 67.68% of Torrance homes are owned, compared to 25.35% rented, while 6.98% are vacant. Torrance real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Torrance real estate agent to arrange a tour today!
Torrance, California 90502 has a population of 22,024. Torrance 90502 is less family-centric than the surrounding county with 27.05% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Torrance, California 90502 is $84,914. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Torrance 90502 is 45.4 years.
The average high temperature in July is 78.3 degrees, with an average low temperature in January of 47.1 degrees. The average rainfall is approximately 13.7 inches per year, with 0 inches of snow per year.