
Torrance, California 90501
This triplex represents a High-Potential Investment Opportunity, listed at $1,599,000—positioned above the $1,530,535 Fair Market Value. While the property requires capital expenditure due to its Condition Rating of 4, the asset features a high-demand unit mix, including two 3-bedroom townhouses and a bonus space with conversion potential. Located in historic Old Torrance near top-rated schools like Torrance High, this property offers significant value-add upside through modernization. It is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2420 Gramercy Avenue Subject | $1,599,000* List Price | 0 | 0 | 3,340 | $458 | - |
A 1334 Engracia Avenue Sold | $1,534,000 | 0 | 0 | 3,396 | $452 | 0.8 mi |
B 1612 W 218th Sold | $1,350,000 | 0 | 0 | 3,111 | $434 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, the property is functional but significantly dated. While the description notes central HVAC in two units and some updated flooring is visible, the kitchens feature 20-30+ year old cabinetry and tile. One unit shows signs of neglect with missing cabinet doors and exposed plumbing, fitting the 'value-add' profile requiring updates.
The property features two large 3-bedroom townhouse-style units with attached 2-car garages, which are highly desirable for long-term tenants and command premium rental rates in the South Bay market.
A bonus space—originally a garage with an existing bathroom—offers a prime opportunity for ADU conversion or flexible use, providing a clear path to increased equity and rental income.
Situated on a quiet cul-de-sac in historic Old Torrance, the property is within walking distance of highly-rated schools, including Torrance High, ensuring consistently low vacancy rates.
There is a disparity in amenities between units; while the townhouses offer central A/C and heating, the 2-bedroom unit lacks these modern climate control systems, potentially affecting its relative marketability.
The property offers no views, which may be a competitive disadvantage compared to other investment properties in the region that offer city or coastal vistas.
Exceptional, well-maintained triplex situated on a quiet cul-de-sac in historic Old Torrance—offering strong current appeal with significant value-add upside. Unit A is a charming, spacious 2-bedroom, 1-bathroom residence featuring classic hardwood floors. Units B and C are multi-level, townhouse-style units, each boasting 3 generous bedrooms, 2 bathrooms, central A/C and forced-air heating, expansive primary suites, and private attached 2-car garages. All three units include convenient interior laundry hookups/facilities. An additional bonus space—originally a 1-car garage complete with a bathroom—currently provides flexible storage with potential for conversion or expanded use. A rare income opportunity in a highly desirable neighborhood!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.5 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,340 | 2,875 |
| Lot Size | 6,508 | 5,763 |
| Price | $1.60M | $1.29M |
| Price per sq ft | $479 | $542 |
| Built year | 1974 | 1953 |
| HOA | $0 | $0 |
| Days on market | 5 | 119 |
Sep 4, 2026
$1,599,000
Initial Listing
Jul 14, 1998
$367,000
Public Record