
Torrance, California 90502
This 1927 residence represents a Strong Value Opportunity, listed at a List Price of $829,000—positioned well below the $884,631 Fair Market Value by 6%. This valuation gap provides $55,631 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers functional, move-in ready living space with significant development potential via its 5,063 square foot lot. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic entry into the South Bay market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22443 Meyler Street Subject | $829,000* List Price | 3 | 2 | 1,487 | $595 | - |
A 21337 Payne Sold | $825,000 | 3 | 2 | 1,233 | $669 | 0.9 mi |
B 23232 Doble Sold | $926,000 | 3 | 2 | 1,290 | $718 | 0.6 mi |
C 1034 Gian Drive Sold | $969,000 | 3 | 2 | 1,542 | $628 | 0.1 mi |
D 939 Belson Street Sold | $910,000 | 3 | 2 | 1,382 | $658 | 0.4 mi |
E 23229 Meyler Avenue Sold | $775,000 | 3 | 1 | 1,172 | $661 | 0.5 mi |
F 1123 W 213th Sold | $855,000 | 3 | 2 | 1,352 | $632 | 0.9 mi |
G 1040 W 220th Sold | $805,000 | 4 | 4 | 1,894 | $425 | 0.4 mi |
H 21408 Berendo Avenue Active Under Contract | $899,377 List Price | 3 | 2 | 1,454 | $619 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1927, the property shows clear signs of a mid-range renovation approximately 10-15 years ago. Updates include laminate flooring, vinyl windows, and modernized bathroom vanities and tiling. The home appears well-maintained, functional, and move-in ready.
Priced at $829,000, this property offers a more accessible entry into the South Bay market compared to neighboring central Torrance neighborhoods, appealing to first-time buyers and investors.
With nearly 1,500 square feet of living area, this 3-bedroom home provides a larger interior footprint than many vintage bungalows of the same era, offering better functional flow for families.
The 5,063 square foot lot provides ample space for outdoor living or the potential addition of an Accessory Dwelling Unit (ADU), offering a path to increased property value and rental income.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Originally built in 1927, the home likely requires significant capital investment to modernize aging systems such as plumbing, electrical, and foundation to meet current building standards.
Located in the 'County Strip,' the property is served by the Los Angeles Unified School District rather than the highly-rated Torrance Unified School District, which can impact long-term appreciation and buyer demand.
*This house is Single Family Residence. Garage is attached with this house. *Very Good "Corner Location", Meyler St & 225th St. It is very easy to get in to 110 freeway. *This house has a new landscaping all arounds. *This House is very pretty and large (1,716 square feet). Lot space is 5,063 square feet. *There is a Air Condition. *We have a very convenient access to 110 Freeway. *Sunny & bright house. Living room is very bright. *Inside & outside are a newer paint. *Kitchen is pretty & a lot of storages. *The 3rd bedroom is master bedroom with Fireplace. It can be Family room also.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,487 | 1,651.482 |
| Lot Size | 5,063 | 5,818.359 |
| Price | $829.0K | $1.25M |
| Price per sq ft | $557 | $775 |
| Built year | 1927 | 1955 |
| HOA | $0 | $190 |
| Days on market | 30 | 43 |
Aug 10, 2026
$829,000
Initial Listing
Aug 25, 2021
$151,500
Public Record
Apr 30, 2014
$401,000
Public Record
Sep 27, 2013
$299,000
Public Record