
Torrance, California 90505
This 55+ condominium presents a Strong Value Opportunity with a List Price of $467,750—positioned well below the $516,646 Fair Market Value by 9%. This valuation gap offers $48,896 in Instant Equity. Featuring a Condition Rating of 5, the unit requires a full interior renovation, making it a prime Buy-and-Hold Investor asset. Residents enjoy resort-style amenities including a 9-hole golf course and pools. This probate sale is ideal for experienced investors prepared for court-confirmed, all-cash transactions.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22961 Nadine Circle B Subject | $467,750* List Price | 2 | 2 | 1,117 | $463 | - |
A 22909 Nadine B Sold | $460,000 | 2 | 2 | 950 | $484 | 0.0 mi |
B 22631 Maple Avenue B Sold | $500,000 | 2 | 2 | 950 | $526 | 0.2 mi |
C 22713 Maple B Sold | $480,000 | 1 | 2 | 950 | $505 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963 (60+ years old) with no mention of renovations. The 'as-is' probate sale status and lack of interior photos strongly indicate original, outdated kitchen, baths, and systems requiring a full rehab.
Located in the New Horizons South Bay 55+ community, residents have access to premier facilities including a 9-hole golf course, tennis and pickleball courts, two swimming pools, and a sports center.
With a list price of $295,000 for a 2-bedroom, 2-bathroom unit in Torrance, this property offers a highly competitive entry point into a sought-after active adult market.
The community features a central clubhouse with a lounge, library, and event spaces, fostering a vibrant social atmosphere and high quality of life for residents.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =326398, other record lot size in square feet = 326205.
The sale is subject to probate auction terms with no financing, appraisal, or inspection contingencies, requiring buyers to assume all risk and have significant liquid capital.
The transaction requires court confirmation and is subject to an overbid process, which can lead to a prolonged escrow period and uncertainty regarding the final sale price.
Probate Sale! ALL CASH SALE! Estate of Georgene Aster. This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time are TBD. In order to bid in court, no later than 1:00 PM one business day prior to the court date, the BUYER MUST DELIVER TO THE LISTING BROKER, ALL OF THE FOLLOWING: 1) Proof of Funds AND 2) a Cashier's Check for the amount of 10% of the listing price made payable to the ESTATE OF GEORGENE ASTER. This 2 bed; 2 bath Condominium built in 1963 features +/-1,117 Sq Ft of living space, APN: 7369-004-085. The owner passed away on the Property. Located within New Horizons South Bay, a highly sought-after 55+ active lifestyle community, residents enjoy an exceptional array of resort-style amenities designed for recreation, wellness, and social engagement. Community features include two swimming pools, a spa, a sports center with a dry sauna and ping pong room, tennis and pickleball courts, and a 9-hole golf course complete with a putting green and driving cage. The clubhouse serves as the heart of the community, offering a lounge, library, and event spaces available for private gatherings and resident activities. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. (Timing of hearing is subject to the courts calendar approximately 60-days after the initial offer deadline date).
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,117 | 1,141 |
| Lot Size | 326,398 | 214,786.5 |
| Price | $467.8K | $582.6K |
| Price per sq ft | $419 | $587 |
| Built year | 1963 | 1983 |
| HOA | $560.0 | $546 |
| Days on market | 28 | 68 |
Jul 14, 2026
$467,750
$295,000
+59% Price Increase
Initial Listing
Jun 24, 2026
$295,000
Initial Listing