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5510 Greenmeadows Street, Torrance, California 90505, Torrance, 90505 - 3 bed, 3 bath

5510 Greenmeadows Street, Torrance, California 90505 home-pic-0
ACTIVE$1,749,000
5510 Greenmeadows Street, Torrance, California 90505
3Beds
3Baths
1,181Sqft
7,275Lot

Price Vs. Estimate

The estimated value ($1,578,584.165) is $170,415.835 (9%) lower than the list price ($1,749,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7275, living area = 1181.
Top Cons:
Limited Interior Square Footage: With 1181 square feet for 3 bedrooms and 3 bathrooms, the interior living space may be considered compact for some buyers, especially given the premium price point in the area.

Compared to the nearby listings

Price:$1.75M vs avg $1.49M (+$260,200)78%
Size:1,181 sqft vs avg 1,876 sqft15%
Price/sqft:$1.5K vs avg $83799%

More Insights

Built in 1954 (71 years old).
Condition: Despite being built in 1954, this property has undergone an extensive, high-quality renovation, making it 'practically new' as stated in the description. The kitchen features modern white shaker cabinets, sleek quartz countertops, and top-tier stainless steel appliances, all appearing brand new. Bathrooms, though not fully pictured, show modern elements like a freestanding tub and barn door, indicative of recent upgrades. Throughout the home, there's consistent, modern hardwood-style flooring, recessed lighting, and fresh paint. The exterior has also been updated with new decking and landscaping. All components meet current quality standards with no visible deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a recently and extensively renovated property.
Year Built
1954
Close
-
List price
$1.75M
Original List price
$1.85M
Price/Sqft
$1,481
HOA
-
Days on market
-
Sold On
-
MLS number
PV25154436
Home ConditionExcellent
Features
Deck
Patio
ViewNeighborhood, Trees/Woods

About this home

WE WANT TO SEE OFFERS! Better than new because it practically is! This radiant retreat in the coveted Hollywood Riviera didn’t just get a facelift, it was reimagined with style, soul, and a premium craftsmanship. Every square inch flaunts meticulous details, designer's upgrades and top quality through out. Open, sunlit living area leads into a chic gourmet kitchen with top-tier appliances, sleek surfaces, lovely garden window and large island perfect for a quick breakfast and informal diners. Expansive, landscaped backyard perfect for relaxing, entertaining, or gardening, is simply a masterpiece with Pinterest-worthy garden area. Detached two-car fully finished garage with a long driveway opens up to unlimited potential. Think future guest house, office, studio, ADU. All nestled at the sweet, quiet end of a cul-de-sac, just minutes from the beach, award-winning schools, world-class dining, shopping and the kind of entertainment that makes every weekend feel like a vacation. Hollywood Riviera is where coastal charm rubs elbows with hillside elegance. Locals call it a “hidden gem” so come home to where sunshine meets sophistication, famous indoor-outdoor SoCal lifestyle and where “better than new” is more than a tagline. Please see supplement with list of improvements.

Price History

Date
Event
Price
10/30/24
Sold
$1,300,000
Condition Rating
Excellent
Despite being built in 1954, this property has undergone an extensive, high-quality renovation, making it 'practically new' as stated in the description. The kitchen features modern white shaker cabinets, sleek quartz countertops, and top-tier stainless steel appliances, all appearing brand new. Bathrooms, though not fully pictured, show modern elements like a freestanding tub and barn door, indicative of recent upgrades. Throughout the home, there's consistent, modern hardwood-style flooring, recessed lighting, and fresh paint. The exterior has also been updated with new decking and landscaping. All components meet current quality standards with no visible deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7275, living area = 1181.
Prime Location & Neighborhood: Situated in the highly coveted Hollywood Riviera, this property benefits from a quiet cul-de-sac location, offering proximity to the beach, award-winning schools, world-class dining, and shopping, enhancing its desirability.
Extensive High-Quality Renovation: The home has been 'reimagined with style, soul, and premium craftsmanship,' featuring meticulous details, designer's upgrades, and top-quality finishes throughout, including a chic gourmet kitchen with top-tier appliances.
Exceptional Outdoor Living Space: An expansive, landscaped backyard is highlighted as a 'masterpiece with Pinterest-worthy garden area,' perfect for relaxing, entertaining, or gardening, embodying the desirable indoor-outdoor SoCal lifestyle.
ADU/Expansion Potential: The detached, fully finished two-car garage with a long driveway presents significant potential for conversion into a guest house, office, studio, or an Accessory Dwelling Unit (ADU), adding future value and flexibility.
Turn-Key Condition: Described as 'better than new' and 'practically new,' the property is move-in ready, requiring no immediate renovations or upgrades for a new owner.

Cons

Limited Interior Square Footage: With 1181 square feet for 3 bedrooms and 3 bathrooms, the interior living space may be considered compact for some buyers, especially given the premium price point in the area.
Original Build Year: Despite extensive renovations, the 1954 original build year could imply potential for underlying infrastructure components (e.g., plumbing, electrical not explicitly stated as fully replaced) that may not be as modern as the visible upgrades.
Price History & Market Perception: The listing's statement 'WE WANT TO SEE OFFERS!' and multiple price reductions from the original list price suggest potential challenges in market valuation or buyer perception, possibly indicating a longer time on market.

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