18703 Crenshaw Boulevard, Torrance, California 90504, Torrance, 90504 - 3 bed, 2 bath
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Torrance, California 90504
This R3-Zoned Development Asset is listed at $989,000, representing a strategic land-value acquisition relative to its $908,118 Fair Market Value. Holding a Condition Rating of 4, the property’s primary appeal is the rare 5,936 Square Foot Corner Lot with high-density zoning for multi-unit expansion. The 660-Square-Foot Detached Garage provides a significant Value-Add opportunity via ADU conversion. Located within the Torrance Unified School District near North High School, this asset ensures long-term demand. It is an ideal play for Buy-and-Hold Investors or Owner-Occupants looking to maximize future ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18703 Crenshaw Boulevard Subject | $948,000* List Price | 3 | 2 | 986 | $867 | - |
A 18022 Ardath Sold | $1,010,000 | 3 | 2 | 1,367 | $739 | 0.4 mi |
B 18028 Falda Avenue Sold | $925,000 | 3 | 2 | 1,228 | $753 | 0.4 mi |
C 3420 W 186th Street Sold | $835,000 | 3 | 2 | 1,204 | $694 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, this property is described as beautifully maintained but shows signs of being outdated. While functional and move-in ready, the kitchen and bathrooms feature older styles and finishes consistent with a home that has undergone regular upkeep rather than a recent comprehensive renovation. The interior square footage is modest, and the property's primary value is highlighted in its R3 zoning and development potential, typical of a 'fair' condition rating for its age.
The rare R3 zoning on a 5,900+ square foot corner lot provides significant versatility for future development, including ADUs, additions, or a complete multi-unit rebuild.
The property features a substantial 660-square-foot detached garage, offering exceptional space for a workshop, storage, or a prime candidate for an ADU conversion.
Situated within the highly-regarded Torrance Unified School District, the home is conveniently close to top-rated institutions like North High School and Edison Elementary.
At just 986 square feet for a three-bedroom layout, the interior living space may feel restrictive for families seeking larger common areas or more spacious bedrooms.
Being located on Crenshaw Boulevard, a major arterial road, the property is subject to increased traffic noise and activity compared to more secluded residential streets.
A fantastic and rare opportunity!! This beautifully maintained 3 bedrooms, 2 bath home with ample natural light, master bedroom with own bath, and a spacious kitchen is sitting on an over 5900 square foot large corner lot with an oversized two car detached (approximately 660 square feet). This rare R3 lot is awaiting your plans and imagination for now or the future, from an ADU, additions, complete rebuild or others: the choices are plenty! (Buyer to verify zoning, building restrictions and ordinances with city of Torrance). An absolute must see.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 986 | 1,455 | 4% |
| Lot Size | 5,936 | 5,402 | 72% |
| Price | $948.0K | $990.0K | 45% |
| Price per sq ft | $961 | $681 | 97% |
| Built year | 1953 | 1954 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 178 | 23% |
Mar 13, 2026
$948,000
$989,000
-4% Price Drop
Initial Listing
Feb 2, 2026
$989,000
Initial Listing