24001 Neece Avenue 7, Torrance, California 90505, Torrance, 90505 - 2 bed, 2 bath

24001 Neece Avenue 7, Torrance, California 90505 home-pic-0

24001 Neece Avenue 7

Torrance, California 90505

ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,173Sq Ft
26,484Lot Size

Property Price

LIST PRICE$649,000

SUMMARY

Analysis of 24001 Neece Avenue 7, Torrance, California 90505 is currently available with a list price of $649,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Torrance Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1980, this property is well-maintained but shows clear signs of being outdated. While it features updated laminate flooring and is move-in ready, the kitchen cabinetry and bathroom fixtures—specifically the walk-in soaking tub—reflect older styles. It fits the 'fair' category as a home that has been maintained through regular upkeep but has not undergone a full modern renovation in the last 15 years.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Alta Vista Elementary School (9/10). High School: South High School (9/10).

  • Prime South Torrance Location

    Situated in a highly desirable neighborhood with access to top-rated Torrance Unified schools and minutes from major retail hubs like Del Amo Fashion Center and local beaches.

  • Comprehensive HOA Benefits

    The monthly association fee provides exceptional value by covering earthquake insurance, water, trash, and exterior maintenance within an exclusive, well-maintained 16-unit community.

CONSRISKS & DEFICIENCIES

  • Dated Interior Elements

    Built in 1980, the property features older cabinetry and a walk-in soaking tub that may require modern updates to appeal to contemporary buyer tastes.

  • Market Momentum

    Recent price reductions from the original list price suggest the property has faced challenges in securing a buyer at its initial valuation, potentially indicating a need for further cosmetic investment.

About 24001 Neece Avenue 7

Nestled in South Torrance, this exclusive Elevated community of just 16 residences offers an ideal balance of privacy and everyday convenience. Residents enjoy close proximity to local parks, public libraries, and highly regarded Torrance schools, while Costco, Home Depot, major medical centers, and the Del Amo Fashion Center are all just minutes away. The desirable Parkwood Villa community is known for its beautifully landscaped grounds, well-maintained common areas, and a peaceful residential atmosphere. Community amenities include a swimming pool and spa, along with thoughtfully managed common facilities. The HOA provides exceptional value, covering earthquake insurance, water, trash service, exterior maintenance, and landscaping. This well-maintained single-level condominium offers a comfortable and functional floor plan with two generously sized bedrooms and two full bathrooms, including a primary suite with a large walk-in closet and a walk-in soaking tub. The home features laminate flooring throughout and a gas fireplace in the living room with a subtle step-down design. The kitchen is equipped with a gas cooktop, gas oven, refrigerator, and ample cabinetry and counter space. Additional highlights include in-unit laundry with side-by-side washer and dryer, a private patio accessible from the living room, and a subterranean garage with two side-by-side parking spaces plus a storage locker. Conveniently located near Palos Verdes and just a short drive to Redondo Beach, Hermosa Beach, and Manhattan Beach, this home offers an excellent opportunity to enjoy the South Bay lifestyle in a quiet, well-established community.

Property Details

Public Facts

Property Type
Condominium
Year Built
1980
Lot Size
26,484 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$550.0 / Month

Neighborhood Insights

Torrance Unified Schools

Joseph Arnold Elementary School

Grades K-5 • 1.1 mi

8/10

Seaside Elementary School

Grades K-5 • 1.2 mi

9/10

Tulita Elementary School

Grades K-5 • 1.7 mi

9/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot1,1731,114
79%
Lot Size26,484204,404.5
38%
Price$649.0K$592.5K
58%
Price per sq ft$553$585
33%
Built year19801963
63%
HOA$550.0$532
83%
Days on market30187
4%

Pricing History

Listed for Sale

Feb 21, 2026

$649,000

$678,900

-4% Price Drop

Initial Listing

Price Change

Feb 4, 2026

$699,900

Initial Listing

Price Change

Feb 4, 2026

$678,900

Initial Listing

Sold

Jan 31, 2012

$300,000

Public Record

Sold

Jun 13, 2003

$315,000

Public Record

Sold

Dec 1, 2000

$195,000

Public Record

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