1510 W 227th, Torrance, California 90501, Torrance, 90501 - bed, bath
ACTIVE$979,000
1510 W 227th, Torrance, California 90501
0Bed
0Bath
2,786Sqft
7,199Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex, categorized as 'Residential Income,' offering immediate rental income and strong investment potential for a new owner.
Top Cons:
Age of Property: Built in 1977, the property is over 45 years old, which may necessitate updates to major systems (e.g., HVAC, plumbing, electrical) or significant cosmetic renovations to meet modern standards and maximize rental value.
Compared to the nearby listings
Price:$979.0K vs avg $1.16M ($-181,000)27%
Size:2,786 sqft vs avg 2,410 sqft91%
Price/sqft:$351 vs avg $5219%
More Insights
Built in 1977 (48 years old).
Condition: Built in 1977, this duplex is aged but appears to be maintained. The kitchen, as seen in the images, is significantly outdated with old-style cabinets, laminate countertops, and basic, older appliances. The interior flooring and lighting also reflect an older aesthetic. While functional, the property shows clear signs of being outdated and has not undergone major renovations in recent decades, requiring substantial cosmetic updates to meet current standards. There are no visible signs of major structural or safety defects, but the overall condition points to a need for significant modernization.
Year Built
1977
Close
-
List price
$979K
Original List price
$979K
Price/Sqft
$351
HOA
-
Days on market
-
Sold On
-
MLS number
IN25241585
Home ConditionFair
Features
View-
About this home
Excellent Opportunity to Own a Duplex in Torrance with a great upside potential near Harbor UCLA medical Center and easy access to the 110 freeway. Both units are 4 bedrooms 2 bath with long term tenants.
Nearby schools
5/10
Meyler Street Elementary School
Public,•K-5•0.6mi
7/10
Halldale Elementary School
Public,•K-5•0.9mi
5/10
One Hundred Eighty-Sixth Street Elementary School
Public,•K-5•2.9mi
5/10
Stephen M. White Middle School
Public,•6-8•1.2mi
6/10
Alexander Fleming Middle School
Public,•6-8•1.9mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•1.1mi
Condition Rating
Fair
Built in 1977, this duplex is aged but appears to be maintained. The kitchen, as seen in the images, is significantly outdated with old-style cabinets, laminate countertops, and basic, older appliances. The interior flooring and lighting also reflect an older aesthetic. While functional, the property shows clear signs of being outdated and has not undergone major renovations in recent decades, requiring substantial cosmetic updates to meet current standards. There are no visible signs of major structural or safety defects, but the overall condition points to a need for significant modernization.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, categorized as 'Residential Income,' offering immediate rental income and strong investment potential for a new owner.
Strong Unit Configuration: Both units feature a desirable 4-bedroom, 2-bathroom layout, appealing to a broad tenant base and maximizing rental income potential.
Prime Location & Accessibility: Strategically located near Harbor UCLA Medical Center and with easy access to the 110 freeway, enhancing tenant demand and long-term property value.
Established Rental Income: The presence of long-term tenants ensures immediate cash flow and reduces vacancy risk, providing stability for an investor.
Investment Upside Potential: Explicitly described as an 'Excellent Opportunity' with 'great upside potential,' indicating room for value appreciation through market growth or future enhancements.
Cons
Age of Property: Built in 1977, the property is over 45 years old, which may necessitate updates to major systems (e.g., HVAC, plumbing, electrical) or significant cosmetic renovations to meet modern standards and maximize rental value.
Potential for Below-Market Rents: While long-term tenants provide stability, their current rents might be below prevailing market rates, potentially limiting immediate income optimization without rent adjustments or tenant turnover.
Lack of Renovation Details: The property description does not specify any recent upgrades or renovations, suggesting that a new owner might need to allocate capital for modernization to fully realize the 'upside potential.'