
Torrance, California 90505
This Mediterranean Coastal Retreat is a High-Potential Investment Opportunity, listed at $1,350,000—a price that reflects the significant value of its ready-to-build potential against the $1,290,704 Fair Market Value. The property boasts an Exceptionally Well-Maintained Condition with a Rooftop Deck and critical 2025 System Upgrades. Its standout feature is the city-approved plans for a 1,200 sqft ADU, offering massive rental income potential. Located near Walteria Elementary (9/10) and South High (9/10), this is a premier choice for Owner-Occupants or Multi-generational Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24214 Los Codona Avenue Subject | $1,350,000* List Price | 2 | 3 | 1,498 | $779 | - |
A 24246 Park Sold | $1,175,000 | 3 | 2 | 1,718 | $684 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1989, the property is exceptionally well-maintained and move-in ready. It features critical recent system upgrades including a brand new 2025 furnace, Slimline AC, and tankless water heater. The interior boasts updated wood flooring and recessed lighting, though some kitchen and bath finishes reflect an older but functional style.
Elementary School: Walteria Elementary School (9/10). High School: South High School (9/10).
The property includes city-approved, ready-to-build plans for a 1,200 square foot, 2-bedroom ADU, providing a rare opportunity for substantial rental income or multi-generational living.
Recent 2025 upgrades including a new tankless water heater, furnace, and Slimline AC system offer the buyer peace of mind and immediate energy efficiency.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
With only two dedicated bedrooms upstairs, the current configuration may be a constraint for growing families or buyers requiring multiple home offices.
The detached oversized garage uses a tandem layout, which is often less convenient for daily multi-vehicle access compared to a standard side-by-side garage.
Welcome to a private retreat in the heart of Walteria, one of Torrance’s most desirable neighborhoods, where a quiet, tree-lined street invites a slower pace of living while keeping you connected to nearby parks, the local library, and just minutes from Torrance Beach and the vibrant charm of Riviera Village. Thoughtfully rebuilt in 1989, this warm, European-inspired coastal haven with Mediterranean character and subtle wine country influence feels both grounded and elevated, where rich wood flooring, skylights, and recessed lighting create a natural glow throughout the day. Just beyond the entry, the main living room welcomes you with exposed wood beam ceilings, a cozy fireplace, and in-wall surround sound, creating a space that feels intimate yet inviting, while also offering flexibility as a bonus space, home office, or potential third bedroom. The traditional floor plan unfolds with ease, leading into a second living area off the kitchen that blends into the dining space, forming the heart of the home where everyday moments and gatherings come together. The kitchen is both functional and welcoming, offering generous counter space, abundant natural light, and a layout that keeps everything connected yet defined, while a generously sized pantry tucked beneath the stairs adds practical storage. Double doors open to a private backyard sanctuary where a flagstone patio and pergola set the stage for relaxed dinners, entertaining, or quiet mornings surrounded by calm and privacy. A powder room with integrated laundry completes the main level. Upstairs, two bedrooms each enjoy their own dedicated bathroom, while one opens to an expansive 300 square foot rooftop deck with views toward the Palos Verdes hills. Recent upgrades include a new 2025 tankless water heater, furnace, and whisper-quiet Slimline AC system, along with Weathershield French doors and low-water landscaping with pathway lighting and a tranquil fountain. The property also features a detached oversized tandem garage with alley access and includes fully city-approved, ready-to-build plans for an approximately 1,200 square foot, 2-bedroom, 1-bath ADU with garage, offering potential for extended living or rental income. Located within the highly regarded Torrance Unified School District, this home offers a lifestyle rooted in comfort, connection, and effortless coastal living.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 9% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 1,498 | 1,716.5 | 33% |
| Lot Size | 3,198 | 6,103.5 | 3% |
| Price | $1.35M | $1.60M | 21% |
| Price per sq ft | $901 | $881 | 54% |
| Built year | 1989 | 1955 | 93% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 101 | 4% |
Apr 29, 2026
$1,350,000
Initial Listing
Apr 29, 2021
$1,025,000
Public Record
Mar 24, 2017
$807,000
Public Record
Apr 21, 2000
$320,000
Public Record