20518 Raymond Avenue, Torrance, California 90502, Torrance, 90502 - 0 bed, 0 bath
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Torrance, California 90502
This Multi-Unit Residential Income Asset is listed at $899,000, positioned competitively relative to its $879,349 Fair Market Value. The property features a 1,200 SF front house and an 800 SF back house, complemented by a private patio and two additional garage-converted units. Holding a Condition Rating of 4, the asset has undergone recent fumigation and major repairs, ensuring a stable, fully leased environment. Located at the gateway of Torrance, this high-utility property offers significant rental upside. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on a multi-stream income strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20518 Raymond Avenue Subject | $899,000* List Price | 0 | 0 | 2,000 | $440 | - |
A 20616 Budlong Avenue Sold | $715,000 | 0 | 0 | 1,716 | $417 | 0.1 mi |
B 20526 Kenwood Active Under Contract | $875,000 List Price | 0 | 0 | 1,596 | $548 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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 Many components are functional but outdated, aligning with a 'fair' condition.
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.
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 fumigation treatment, major repairs, new flooring, and a renovated bathroom in the front house indicate proactive maintenance and updated living spaces.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,000 | 2,740 | 50% |
| Lot Size | 6,209 | 11,394 | 25% |
| Price | $899.0K | $1.24M | 50% |
| Price per sq ft | $450 | $453 | 50% |
| Built year | 1959 | 1979 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 568 | 492 | 0% |
Aug 2, 2025
$899,000
Initial Listing
Oct 1, 2024
$940,000
Initial Listing
Jul 20, 2021
$749,000
Public Record
Apr 6, 1999
$180,000
Public Record
May 10, 1996
$149,000
Public Record