24248 Falena Ave., Torrance, California 90501, Torrance, 90501 - 3 bed, 2 bath
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Torrance, California 90501
This Mid-Century Modern Post-and-Beam Residence serves as a high-potential Value-Add Asset listed at $1,129,000. Positioned relative to a $996,761 Fair Market Value, the price reflects the scarcity of its Post-and-Beam Architecture and Open Beam Ceilings. Though it carries a Poor Condition Rating and requires a full modernization, the Corner Lot on a quiet cul-de-sac and RV Parking provide significant utility. Situated in the Torrance Unified School District, this is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants looking to force appreciation through restoration.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24248 Falena Ave. Subject | $1,129,000* List Price | 3 | 2 | 1,455 | $685 | - |
A 1967 W 236th Sold | $1,134,000 | 3 | 2 | 1,623 | $699 | 0.5 mi |
B 2145 W 235th Sold | $1,052,000 | 3 | 2 | 1,800 | $584 | 0.7 mi |
C 23819 Pennsylvania Ave. Sold | $875,000 | 3 | 1 | 1,012 | $865 | 0.9 mi |
D 1935 W 235th Place Active | $1,085,000 List Price | 3 | 2 | 1,428 | $760 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 and on the market for the first time in 71 years, the property is extremely dated. While the listing notes it is well-maintained and includes HVAC, the kitchen and bathrooms appear to be original or several decades old, requiring a full rehab to meet modern standards. Per the criteria, its age (>30 years without major renovation) and the need for comprehensive updates justify a poor rating.
The property features desirable post-and-beam construction with open beam ceilings and floor-to-ceiling windows, offering a bright, open aesthetic that is highly sought after by design enthusiasts.
Situated on a corner lot within a quiet cul-de-sac of only ten homes, this property provides a private and safe environment with minimal through-traffic.
The home includes a detached two-car garage and a long RV space, providing significant utility for extra vehicles, trailers, or outdoor equipment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1455, other record living area = 1126.
While well-maintained, the home is described as dated and has been held by the same owner for 71 years, likely requiring a budget for cosmetic and functional modernization.
With only 1.75 bathrooms, the layout may be less convenient for larger families or those specifically seeking two full-sized bathrooms.
First time on market in 71 years. Charming three bedroom, 1 & 3/4 bath home with a family room. Corner lot on cul-de-sac of ten homes. House is dated but has been taken care of and well maintained. Post & beam Mid-Century Modern. Lots of windows and light. Wood Open Beam Ceilings. Living Room has floor to ceiling front windows and the original raised hearth fireplace that provides extra seating. Open floor plan. Kitchen has lots of cabinets. Front bedroom has sliding door to living room and makes a great office. Large family room has a fireplace. Forced Air Heat and Air Conditioning. Manicured front and back yard. Detached two car garage. Rear patio and side covered patio. Long RV space on the side of the garage provides extra parking. Walk to Lomita Park. Minutes to the Crossroads Shopping Center in Torrance and the Harbor Freeway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,455 | 1,456 | 49% |
| Lot Size | 6,214 | 6,167 | 54% |
| Price | $1.13M | $1.08M | 57% |
| Price per sq ft | $776 | $699 | 64% |
| Built year | 1954 | 1952 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 104 | 2% |
Apr 18, 2026
$1,129,000
Initial Listing