2363 Torrance Boulevard, Torrance, California 90501, Torrance, 90501 - bed, bath

2363 Torrance Boulevard, Torrance, California 90501 home-pic-0
ACTIVE$1,750,000
2363 Torrance Boulevard, Torrance, California 90501
0Bed
0Bath
3,648Sqft
6,302Lot
Year Built
1944
Close
-
List price
$1.75M
Original List price
$1.85M
Price/Sqft
$480
HOA
-
Days on market
-
Sold On
-
MLS number
SB25128507
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.75M(67th), sqft - 3648(33th), beds - undefined(50th), baths - undefined(50th).

Outstanding value-add or turnkey rental opportunity in charming Old Torrance. This well-maintained mid-century 5-unit building is delivered ready for immediate occupancy — an exceptional chance for investors to take possession without delay, lease at full market rents, and establish strong cash flow from day one. Thoughtful layouts make each residence feel like its own home, featuring back doors off the kitchen, built-in bookshelves, original hardwood floors in excellent condition, separate dining areas, and bright, inviting interiors. Most windows have been updated (all but one unit). Classic tile baths and included appliances maintain the vintage-modern appeal. The unit mix offers four spacious 4-1BD/1BA apartments and one 2BD/1BA residence with a fireplace and formal dining. On-site coin laundry adds ancillary income. Parking is convenient with four garages, driveway spaces, and plentiful street parking. Ideally located near Downtown Old Torrance’s shops and restaurants, Wilson Park, Del Amo Fashion Center, and Torrance High School, with proximity to major employers such as Honda HQ and Providence Little Company of Mary. Easy access to the 405 and 110 freeways and minutes to Redondo Beach ensure consistently strong rental demand.

Nearby schools

6/10
Fern Elementary School
Public,K-50.4mi
5/10
Torrance Elementary School
Public,K-51.0mi
6/10
Madrona Middle School
Public,6-81.1mi
5/10
J. H. Hull Middle School
Public,6-81.5mi
8/10
Torrance High School
Public,9-120.5mi
3/10
Shery (Kurt T.) High (Continuation) School
Public,9-121.0mi

Price History

Date
Event
Price
12/18/25
Price Change
$1,750,000-2.8%
08/16/25
Price Change
$1,800,000
06/18/25
Listing
$1,850,000
Condition Rating
Fair

Built in 1944, this property is well-maintained for its age, featuring original hardwood floors in excellent condition and updated windows in most units. However, the kitchen is significantly dated with white cabinets, tile countertops with yellow trim, older white appliances, and dated flooring/lighting. The description mentions 'classic tile baths,' suggesting bathrooms are also outdated. While functional and suitable as a 'turnkey rental,' the property requires substantial cosmetic updates to the kitchen and bathrooms to meet current aesthetic and feature standards, and lacks modern central HVAC, relying on wall heaters.
Pros & Cons

Pros

Strong Investment & Cash Flow Potential: Described as a 'value-add or turnkey rental opportunity' ready for immediate occupancy, promising strong cash flow from day one due due to market-ready rents.
Prime Location & High Rental Demand: Situated in charming Old Torrance, close to amenities, major employers (Honda HQ, Providence Little Company of Mary), freeways (405, 110), and Redondo Beach, ensuring consistent tenant interest.
Well-Maintained Multi-Unit Building: A 5-unit mid-century building, described as 'well-maintained' with a desirable mix of four 1BD/1BA and one 2BD/1BA units.
Desirable Unit Features & Updates: Units boast thoughtful layouts, original hardwood floors in excellent condition, separate dining areas, bright interiors, and updated windows in most units, enhancing tenant appeal.
Additional Income & Ample Parking: Features on-site coin laundry for ancillary income and convenient parking with four garages, driveway spaces, and plentiful street parking.

Cons

Property Age & Potential Deferred Maintenance: Built in 1944, despite being well-maintained, an older building may incur higher long-term maintenance costs for systems not explicitly updated (e.g., plumbing, electrical, roof beyond windows).
Lack of Specific Views: The property description explicitly states 'view:None,' which could be a minor detractor for some tenants or buyers seeking scenic outlooks.
Recent Price Reductions: The listing has undergone multiple price reductions from the original list price, potentially indicating initial overpricing or a slower market response, which might affect buyer perception.

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