20518 Raymond Avenue, Torrance, California 90502, Torrance, 90502 - bed, bath
20518 Raymond Avenue
Torrance, California 90502
Property Price
SUMMARY
Analysis of 20518 Raymond Avenue, Torrance, California 90502 is currently available with a list price of $899,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Torrance Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1959, this property shows its age despite some recent updates. The kitchen features dated cabinets, laminate countertops, and an old fluorescent light fixture, though it benefits from a newer backsplash and flooring. The 'renovated bathroom' appears functional but basic, with a pedestal sink and older light fixture, not reflecting modern styles. While the description mentions 'new flooring' and a 'renovated bathroom' in the front house, and 'major repairs' were completed, the overall impression from the images and year built is that of an aged home with regular upkeep and minor updates, rather than a comprehensive renovation. Many components are functional but outdated, aligning with a 'fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
The property offers a strong income stream with multiple fully leased units, including a front house, back house, and two converted garage units, providing diversified rental income.
- Desirable Location
Located at the 'gateway of Torrance' with close proximity to parks, enhancing its appeal to tenants and contributing to long-term property value in a sought-after area.
- Recent Property Improvements
Recent fumigation treatment, major repairs, new flooring, and a renovated bathroom in the front house indicate proactive maintenance and updated living spaces.
CONSRISKS & DEFICIENCIES
- Unpermitted Garage Conversions
The garage has been 'converted (unpermitted) to two units,' which poses significant legal, financial, and compliance risks, including potential fines, forced demolition, or costly legalization.
- Complex Property Structure & Potential Zoning Issues
Despite being listed as a 'Duplex,' the property effectively operates with four units, which may not align with current zoning or permits, creating potential challenges for future ownership and management.
- Shared Amenities & Owner-Paid Utilities
The shared yard for the back house could lead to tenant disputes or management complexities, and the owner's responsibility for trash and water expenses reduces the net operating income.
About 20518 Raymond Avenue
Back on the market due to Buyer unable to close. Fumigation treatment complete along with major repairs. 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. Shared yard in front of the back house To add to the income stream, the garage was converted (unpermitted) to two units featuring one studio and another being 1 bedroom and 1 bathroom. The property is fully leased with tenants paying for gas and electricity. Owners takes care of trash and water. One of the members of the holding company is a licensed realtor.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1959
- Lot Size
- 6,209 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,000 | 3,480 | 33% |
| Lot Size | 6,209 | 16,382 | 33% |
| Price | $899.0K | $1.59M | 33% |
| Price per sq ft | $450 | $456 | 33% |
| Built year | 1959 | 1997 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 521 | 445 | 0% |
Pricing History
Listed for Sale
Aug 2, 2025
$899,000
Initial Listing
Price Change
Oct 1, 2024
$940,000
Initial Listing
Sold
Jul 20, 2021
$749,000
Public Record
Sold
Apr 6, 1999
$180,000
Public Record
Sold
May 10, 1996
$149,000
Public Record