
Torrance, California 90503
This Rehab-Ready Residential Asset presents a Prime Investment Opportunity with a List Price of $1,150,000—positioned well below the $1,191,473 Fair Market Value by 3%. This valuation gap provides $41,473 in Instant Equity for buyers ready to modernize this Condition Score 5 property. The standout 8,928 Sq. Ft. Lot and freestanding pool house offer massive value-add potential for expansion or ADU conversion within the prestigious Torrance Unified School District. This high-upside acquisition is perfectly suited for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 816 Faysmith Avenue Subject | $1,150,000* List Price | 2 | 2 | 1,907 | $625 | - |
A 3242 Torrance Boulevard Sold | $1,020,000 | 3 | 2 | 1,580 | $646 | 0.7 mi |
B 20526 Avis Avenue Sold | $1,215,000 | 4 | 3 | 1,825 | $666 | 0.9 mi |
C 1630 Fern Avenue Sold | $1,400,000 | 4 | 2 | 2,320 | $603 | 0.5 mi |
D 1325 Florwood Sold | $1,300,000 | 3 | 2 | 2,039 | $638 | 0.6 mi |
E 20533 Eastwood Avenue Sold | $1,252,000 | 4 | 2 | 1,816 | $689 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is marketed as a 'reimagine' opportunity for investors, indicating a need for significant rehabilitation. Interior images reveal heavily dated finishes including worn green carpeting, peeling wallpaper, and visible ceiling cracks. While the kitchen and bathrooms are functional, they feature outdated styles from several decades ago. The property's age (1951) and the listing's emphasis on the lot size and 'vision' suggest that major systems and cosmetics require a full overhaul to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8928, living area = 1907.
The nearly 9,000 square foot lot is exceptionally large for the area, providing a rare opportunity for significant expansion, an ADU, or a custom outdoor retreat.
Situated on a quiet, tree-lined street in the heart of Torrance, the property offers proximity to award-winning schools, parks, and the Del Amo Fashion Center.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1907, other record living area = 1394.
Built in 1951 and marketed as a 'reimagine' opportunity, the home likely requires substantial capital investment to modernize its systems and finishes.
Currently configured as a 2-bedroom home, the layout may require immediate modification to restore its original 3-bedroom utility to meet standard family needs.
Set on an expansive nearly 9,000 square foot lot in the heart of Torrance, 816 Faysmith Ave offers a rare opportunity to reimagine, expand, or create something entirely your own. Whether you’re an investor or a buyer with vision, this property provides a strong foundation in a highly desirable location. The home currently features 2 bedrooms and 2 bathrooms, with a flexible layout that was originally designed as a 3-bedroom—offering the option to easily convert back if desired. The main living and kitchen areas flow into a large enclosed patio, creating additional usable space and a connection to the outdoors. The backyard is a standout, with a fully operational pool and plenty of room to design your ideal outdoor setting. A freestanding pool house with fireplace adds a unique element with potential for entertaining, a studio, or future repurposing. The detached 2-car garage and generous lot size further enhance the property’s flexibility for future plans. Located on a quiet, tree-lined street in central Torrance, the home is just minutes from Del Amo Fashion Center, award-winning schools, parks, and dining, offering both convenience and long-term value. This is a compelling opportunity to bring your vision to life on a large lot in one of the South Bay’s most established neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 2% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,907 | 1,592 | 74% |
| Lot Size | 8,928 | 5,811 | 95% |
| Price | $1.15M | $1.35M | 18% |
| Price per sq ft | $603 | $873 | 8% |
| Built year | 1951 | 1955 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 159 | 2% |
Apr 15, 2026
$1,150,000
Initial Listing
Dec 15, 2000
$367,000
Public Record