2859 W 235th Street, Torrance, California 90505, Torrance, 90505 - bed, bath
ACTIVE$1,985,000$4,756/sqft
2859 W 235th Street, Torrance, California 90505
0Bed
0Bath
4,756Sqft
6,529Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Value-Add Potential: The property offers approximately 50% upside in current rents, presenting a substantial value-add investment opportunity for future income growth.
Top Cons:
Building Age: Constructed in 1964, the property's age may imply potential for aging infrastructure in unrenovated units, possibly requiring future capital expenditures for system upgrades or general maintenance.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1964 (62 years old).
Condition: Built in 1964, this quadruplex has one unit fully renovated to an excellent standard with modern kitchen and bathroom features, new flooring, and contemporary finishes. However, the listing explicitly states that only one of the four units has been renovated, and images of other units show older kitchens with dated cabinets, countertops, and flooring (e.g., Image 17). The property analysis also highlights the 'partial renovation' and the need for 'capital expenditure' to renovate the remaining three units to achieve rent upside. While the exterior is well-maintained and some modern infrastructure (EV charging, 100% electric) is present, the overall condition of the majority of units requires substantial updates to meet current market expectations, placing the property in the 'Fair' category.
Year Built
1964
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
$417
HOA
-
Days on market
-
Sold On
-
MLS number
SB26003154
Home ConditionFair
Features
Good View:
Patio
View-
About this home
We are pleased to present 2859 W 235th St, an exceptional 4-unit investment property situated on a desirable corner lot in prime Torrance, offering a strong unit mix of (1) 3BD/2BA, (1) 2BD/1BA, and (2) 2BD/2BA townhome-style units across 4,756 SqFt of living area on a 6,529 SqFt lot. One of the 2BD/2BA units has been fully renovated, and all units feature private outdoor patio spaces, enhancing tenant appeal and livability. The property includes 4 enclosed garage parking spaces with EV charging outlets and is a 100% electric building with no gas, with each unit separately metered, providing operational efficiency and reduced landlord utility exposure. With approximately 50% upside in current rents and close proximity to top-rated schools, parks, retail, and major South Bay employment centers, this offering presents an outstanding value-add investment opportunity in one of Torrance’s most stable and in-demand rental submarkets.
J
John Stiegler II
Listing Agent
Price History
Date
Event
Price
06/28/96
Sold
$391,818
Condition Rating
Fair
Built in 1964, this quadruplex has one unit fully renovated to an excellent standard with modern kitchen and bathroom features, new flooring, and contemporary finishes. However, the listing explicitly states that only one of the four units has been renovated, and images of other units show older kitchens with dated cabinets, countertops, and flooring (e.g., Image 17). The property analysis also highlights the 'partial renovation' and the need for 'capital expenditure' to renovate the remaining three units to achieve rent upside. While the exterior is well-maintained and some modern infrastructure (EV charging, 100% electric) is present, the overall condition of the majority of units requires substantial updates to meet current market expectations, placing the property in the 'Fair' category.
Pros & Cons
Pros
Significant Value-Add Potential: The property offers approximately 50% upside in current rents, presenting a substantial value-add investment opportunity for future income growth.
Diverse & Desirable Unit Mix: Features a strong unit mix of (1) 3BD/2BA, (1) 2BD/1BA, and (2) 2BD/2BA townhome-style units, appealing to a broad range of tenants.
Modern & Efficient Infrastructure: Includes 4 enclosed garage parking spaces with EV charging outlets, is a 100% electric building with no gas, and units are separately metered, enhancing operational efficiency and reducing landlord utility exposure.
Prime Torrance Location: Situated on a desirable corner lot in prime Torrance, offering excellent proximity to top-rated schools, parks, retail, and major South Bay employment centers.
Enhanced Tenant Appeal: All units feature private outdoor patio spaces, and one 2BD/2BA unit has been fully renovated, contributing to higher tenant satisfaction and marketability.
Cons
Building Age: Constructed in 1964, the property's age may imply potential for aging infrastructure in unrenovated units, possibly requiring future capital expenditures for system upgrades or general maintenance.
Capital Expenditure Required for Full Potential: Achieving the stated '50% upside in current rents' is a value-add proposition, indicating that significant capital investment will be necessary to renovate the remaining three units and bring them to market rent levels.
Partial Renovation: Only one of the four units has been fully renovated, which means the condition of the other three units is not explicitly detailed and may require substantial upgrades to maximize rental income and tenant appeal.