20518 Raymond, Torrance, California 90502, Torrance, 90502 - 0 bed, 0 bath
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20518 Raymond
Torrance, California 90502
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,016Sq Ft
6,209Lot Size
Property Price
LIST PRICE$888,888
EST. MARKET VALUE
$1,012,086
12% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $888,888—positioned well below the $1,012,086 Fair Market Value by 12%. This valuation gap offers $123,198 in Instant Equity for the buyer. Featuring a Good Condition Rating with 2025 major repairs and a versatile unit mix, this asset provides immediate cash flow. While the unpermitted garage conversions present a compliance consideration, the property remains a compelling acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Estimated Market Value
$1,012,086+$123,198 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Torrance.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20518 Raymond Subject | $888,888* List Price | 0 | 0 | 2,016 | $502 | - |
A 20616 Budlong Avenue Sold | $715,000 | 0 | 0 | 1,716 | $417 | 0.1 mi |
B 20526 Kenwood Sold | $900,000 | 0 | 0 | 1,596 | $564 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1959, the property has been well-maintained with recent updates including new flooring and a renovated bathroom. The listing notes major repairs and fumigation were completed in 2025, placing it within the 5-15 year renovation window for a 'Good' rating as a functional, move-in ready income property.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
The property offers multiple revenue streams with a 3-bedroom front house and a 1-bedroom back house, both of which are fully leased for immediate cash flow.
- Recent Capital Improvements
Significant maintenance has been completed, including major repairs in 2025, a full fumigation treatment, and interior updates such as new flooring and a renovated bathroom.
- Versatile Unit Mix
The combination of a spacious 1,200 SF primary residence and a detached 800 SF secondary unit provides flexibility for multi-generational living or diverse rental options.
CONSRISKS & DEFICIENCIES
- Unpermitted Conversions
The garage was converted into two additional units without permits, which may pose legal compliance risks and complicate future financing or appraisals.
- Owner Utility Expenses
The owner is responsible for water and trash services, which increases monthly operating overhead and reduces the overall net operating income.
About 20518 Raymond
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. Fumigation treatment complete along with major repairs completed in 2025. 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
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 3.5 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,016 | 2,875 |
| Lot Size | 6,209 | 5,763 |
| Price | $888.9K | $1.29M |
| Price per sq ft | $441 | $542 |
| Built year | 1959 | 1953 |
| HOA | $0 | $0 |
| Days on market | 50 | 119 |
Pricing History
Listed for Sale
Jul 21, 2026
$888,888
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