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20520 S Western Avenue, Torrance, California 90501, Torrance, 90501 - bed, bath

20520 S Western Avenue, Torrance, California 90501 home-pic-0
ACTIVE$2,480,000
20520 S Western Avenue, Torrance, California 90501
0Bed
0Bath
5,530Sqft
6,084Lot
Year Built
2017
Close
-
List price
$2.48M
Original List price
$2.48M
Price/Sqft
$448
HOA
-
Days on market
-
Sold On
-
MLS number
PV24227444
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.48M(91th), sqft - 5530(91th), beds - undefined(50th), baths - undefined(50th).

A rare find newer 4-unit income property built in 2017. Newer modern townhouse-style with 2-car attached garage for each unit. All 4 units have 3 ensuite bedrooms. An incredible unique investment property that generates great income with 4.72% cap rate and low maintenance cost to the owner. Tenants pay their own utilities including water and trash. Separate electricity, gas and water meter for each unit. This property is located in very convenient location. Close to old town Torrance where features many nice restaurants and shops. There are 2 buildings on the property; each building has 2 units. The main level offers an open living room, a modern kitchen and one bedroom with its own bathroom. The upper level has two ensuite bedrooms, storage areas and balconies. Laminated floors throughout. Each unit has an attached 2-car tandem parking garage with a laundry closet. There are fenced front and backyards with gated driveway.

Nearby schools

7/10
Halldale Elementary School
Public,•K-5•0.9mi
5/10
One Hundred Eighty-Sixth Street Elementary School
Public,•K-5•1.3mi
5/10
Meyler Street Elementary School
Public,•K-5•1.6mi
5/10
Stephen M. White Middle School
Public,•6-8•1.8mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.5mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•2.8mi

Price History

Date
Event
Price
02/23/18
Sold
$2,038,000
Condition Rating
Excellent
Built in 2017, this property is practically new construction. The images showcase a modern exterior and a kitchen with contemporary dark cabinetry, light solid-surface countertops, modern pendant and recessed lighting, and new-looking laminate flooring throughout. All visible components appear to be in excellent, virtually new condition, aligning perfectly with the 'Excellent' criteria for properties built within 10 years with no deferred maintenance.
Pros & Cons

Pros

Newer Construction & Modern Design: Built in 2017, this property offers modern townhouse-style units with contemporary finishes, implying lower immediate maintenance and a strong appeal to renters.
Strong Investment Performance: An incredible investment opportunity generating great income with a 4.72% cap rate and explicitly stated low maintenance costs for the owner.
Tenant-Responsible Utilities: Each unit has separate meters for electricity, gas, and water, with tenants responsible for all utilities including trash, significantly reducing owner operating expenses.
Desirable Unit Configuration: All four units feature 3 ensuite bedrooms, providing privacy and appeal to a wide range of renters, including families or roommates, and potentially commanding higher rents.
Individual Unit Amenities & Location: Each unit boasts a 2-car attached garage, laundry closet, balconies, and private fenced yards, all situated in a very convenient location close to Old Town Torrance's restaurants and shops.

Cons

Tandem Parking: The 2-car tandem parking in each unit's garage can be inconvenient for tenants, especially those with two vehicles requiring independent access.
Absence of Central Air Conditioning (Implied): The property description does not mention a cooling system, which could be a significant drawback for tenants during warmer months in Southern California, especially for a newer build.
Limited Common Area/Shared Amenities: While units have private outdoor spaces, there's no indication of larger common areas or shared amenities (e.g., gym, pool) that might attract a broader tenant base or enhance property value.

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