24005 Fulmar Avenue, Torrance, California 90501, Torrance, 90501 - 4 bed, 2 bath
ACTIVE$895,000$1,801/sqft
Est. Value: $860,316
-3%
AboveEstimate
24005 Fulmar Avenue, Torrance, California 90501
4Beds
2Baths
1,801Sqft
6,167Lot
Price Vs. Estimate
The estimated value ($860,315.86) is $34,684.14 (3%) lower than the list price ($895,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Situated in a desirable Torrance neighborhood, offering convenient access to nearby shopping and schools, enhancing its long-term appeal.
Top Cons:
Extensive Renovation Required: The property is in 'ORIGINAL condition,' necessitating significant investment in time, resources, and capital for modernization and upgrades.
Compared to the nearby listings
Price:$895.0K vs avg $1.10M ($-205,000)30%
Size:1,801 sqft vs avg 1,513 sqft68%
Price/sqft:$497 vs avg $7258%
More Insights
Built in 1955 (71 years old).
Condition: Built in 1955 and explicitly stated to be in 'ORIGINAL condition,' this property requires substantial repairs and rehabilitation. The kitchen features severely outdated wood paneling, laminate countertops, and very old appliances (double wall oven, cooktop, dishwasher). Both bathrooms are completely original with dated colored fixtures, old vanities, and worn tiles. Flooring throughout includes worn hardwood and old, stained carpet/linoleum. Electrical, plumbing, and HVAC systems are likely original and will require extensive upgrades. While the structure may have 'good bones,' the interior finishes and major systems are at the end of their lifespan, making it far from move-in ready and requiring significant investment to modernize.
Year Built
1955
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$497
HOA
-
Days on market
-
Sold On
-
MLS number
PV26002581
Home ConditionPoor
Features
ViewNeighborhood
About this home
Attention ALL END USERS & INVESTORS searching for an EXCELLENT VALUE in a great Torrance neighborhood! Located on a desirable street, this 4 bedroom, 2 bathroom home offers just over 1,800 sf (approx) of living space and is situated in a generous 6,167 sf lot. This home is in ORIGINAL condition, which offers a prime value-add opportunity for investors or buyers looking to renovate and build equity. With strong upside potential and pricing rarely seen in this area, this is an ideal project for a flip or to remodel and live in long term. Solid location, nearby shopping/schools, generous lot size, and good bones, make this one you don't want to miss! Bring your vision and transform this home into something truly special!
P
Peter Hazdovac
Listing Agent
Condition Rating
Poor
Built in 1955 and explicitly stated to be in 'ORIGINAL condition,' this property requires substantial repairs and rehabilitation. The kitchen features severely outdated wood paneling, laminate countertops, and very old appliances (double wall oven, cooktop, dishwasher). Both bathrooms are completely original with dated colored fixtures, old vanities, and worn tiles. Flooring throughout includes worn hardwood and old, stained carpet/linoleum. Electrical, plumbing, and HVAC systems are likely original and will require extensive upgrades. While the structure may have 'good bones,' the interior finishes and major systems are at the end of their lifespan, making it far from move-in ready and requiring significant investment to modernize.
Pros & Cons
Pros
Prime Location: Situated in a desirable Torrance neighborhood, offering convenient access to nearby shopping and schools, enhancing its long-term appeal.
Significant Value-Add Potential: The property's original condition provides an excellent opportunity for investors or end-users to renovate, build equity, and customize to their preferences.
Generous Lot Size: A substantial 6,167 sqft lot offers ample space for potential expansion, landscaping, or creating desirable outdoor living areas.
Solid Structural Foundation: Described as having 'good bones,' indicating a structurally sound property that serves as a strong base for renovation and modernization.
Attractive Investment Opportunity: With 'pricing rarely seen in this area' and 'strong upside potential,' this property represents an appealing entry point for a profitable flip or long-term hold.
Cons
Extensive Renovation Required: The property is in 'ORIGINAL condition,' necessitating significant investment in time, resources, and capital for modernization and upgrades.
Outdated Systems and Finishes: Built in 1955, the home likely features aging systems (e.g., electrical, plumbing, HVAC) and finishes that will require updating to meet contemporary standards and efficiency.
Not Move-In Ready: Due to its original state, the property is not suitable for immediate occupancy without substantial renovation, which may deter buyers seeking a turnkey home.