16616 Ermanita, Torrance, California 90504, Torrance, 90504 - 3 bed, 2 bath
ACTIVE$950,000
16616 Ermanita, Torrance, California 90504
3Beds
2Baths
1,626Sqft
5,718Lot
Price Vs. Estimate
The estimated value ($898,476.775) is $51,523.225 (5%) lower than the list price ($950,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: The property boasts an excellent location with convenient access to the 405 freeway, walking distance to Carr Elementary School and El Camino College, and close proximity to various stores, eateries, and Alondra Park Golf Course.
Top Cons:
Extensive Renovation Required: The property is in need of 'major repairs and upgrades throughout,' necessitating a substantial investment of time and capital beyond the initial purchase price.
Compared to the nearby listings
Price:$950.0K vs avg $965.0K ($-15,000)45%
Size:1,626 sqft vs avg 1,410 sqft68%
Price/sqft:$584 vs avg $70219%
More Insights
Built in 1952 (73 years old).
Condition: Built in 1952, this property is explicitly marketed as needing 'major repairs and upgrades throughout' and is being sold 'as is,' requiring cash or renovation loans. The images confirm this, showing severely outdated and damaged conditions. The kitchen features very old wood cabinets, white tile countertops, and dated appliances, with visible ceiling damage. Bathrooms have original-era pink/red and light blue tiles, old fixtures, and worn cabinets. Flooring includes stained carpets, worn hardwood, and damaged linoleum. Walls show significant wear, discoloration, and cracks. The overall condition indicates substantial rehabilitation is required, aligning with the 'poor' rating.
Year Built
1952
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$584
HOA
-
Days on market
-
Sold On
-
MLS number
PW25276401
Home ConditionPoor
Features
View-
About this home
Investor Opportunity in Torrance. Location, location, location. This home is located close to the 405 freeway and walking distance to Carr Elementay Scholl and El Camino College. In between, you have many stores, eateries, and the Alondra Park Golf Course. This home has great potential, but it is in need of major repairs and upgrades throughout. The property is being sold "as is", without any repairs or warranties, either expressed or implied. Due to the condition, we are looking for cash or renovation loans.
Nearby schools
5/10
Evelyn Carr Elementary School
Public,•K-5•0.1mi
7/10
Yukon Elementary School
Public,•K-5•0.9mi
8/10
Edison Elementary School
Public,•K-5•1.0mi
8/10
Washington Elementary School
Public,•K-5•2.2mi
7/10
Philip Magruder Middle School
Public,•6-8•1.4mi
8/10
Adams Middle School
Public,•6-8•2.0mi
8/10
North High School
Public,•9-12•1.0mi
8/10
Redondo Union High School
Public,•9-12•3.9mi
Condition Rating
Poor
Built in 1952, this property is explicitly marketed as needing 'major repairs and upgrades throughout' and is being sold 'as is,' requiring cash or renovation loans. The images confirm this, showing severely outdated and damaged conditions. The kitchen features very old wood cabinets, white tile countertops, and dated appliances, with visible ceiling damage. Bathrooms have original-era pink/red and light blue tiles, old fixtures, and worn cabinets. Flooring includes stained carpets, worn hardwood, and damaged linoleum. Walls show significant wear, discoloration, and cracks. The overall condition indicates substantial rehabilitation is required, aligning with the 'poor' rating.
Pros & Cons
Pros
Prime Location: The property boasts an excellent location with convenient access to the 405 freeway, walking distance to Carr Elementary School and El Camino College, and close proximity to various stores, eateries, and Alondra Park Golf Course.
Investor Opportunity: Explicitly marketed as an 'Investor Opportunity' with 'great potential,' indicating significant upside for value appreciation after renovation.
Educational Access: Located within the highly-rated Torrance Unified School District, offering walking distance to Evelyn Carr Elementary School and access to other well-regarded schools.
Customization Potential: The need for major repairs and upgrades provides a unique opportunity for a buyer to fully customize the property to their specific tastes and requirements.
Established Community Amenities: Situated in an established neighborhood with convenient access to a diverse range of local amenities, including shopping, dining, and recreational facilities.
Cons
Extensive Renovation Required: The property is in need of 'major repairs and upgrades throughout,' necessitating a substantial investment of time and capital beyond the initial purchase price.
As-Is Sale Condition: Being sold 'as is' without any repairs or warranties, placing the full responsibility and cost of all necessary improvements and potential unforeseen issues on the buyer.
Limited Financing Options: The requirement for 'cash or renovation loans' significantly restricts the pool of potential buyers, which could impact marketability and sale timeline.