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832 Coriander Drive D, Torrance, California 90502, Torrance, 90502 - 1 bed, 1 bath

832 Coriander Drive D, Torrance, California 90502 home-pic-0
ACTIVE$359,000$593/sqft
832 Coriander Drive D, Torrance, California 90502
1Bed
1Bath
593Sqft
296,241Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Investment Potential: Offers a unique 'fixer' opportunity to acquire below market value, allowing for significant equity growth through cosmetic improvements.
Top Cons:
Requires Significant Renovation: Described as a 'Diamond in the Rough' and a 'Fixer,' the property necessitates substantial cosmetic improvements and sweat equity from the buyer.

Compared to the nearby listings

Price:$359.0K vs avg $505.0K ($-146,000)4%
Size:593 sqft vs avg 944 sqft8%
Price/sqft:$605 vs avg $53784%

More Insights

Built in 1973 (53 years old).
Condition: Built in 1973, this property is explicitly described as a 'Fixer' and 'Diamond in the Rough' requiring 'sweat equity into cosmetic improvements.' The images confirm a severely outdated interior, featuring a kitchen with vintage yellow appliances, dark wood cabinets, and old linoleum flooring. The bathroom also presents an outdated vanity, sink, and tub/shower enclosure with visible wear. Throughout the living areas and bedroom, there is old, stained shag carpet and walls show significant marks and wear. The cooling is handled by wall-mounted A/C units, and heating by a wall gas heater, indicating older, less efficient systems. This property requires substantial repairs and rehabilitation to meet current living standards.
Year Built
1973
Close
-
List price
$359K
Original List price
$359K
Price/Sqft
$605
HOA
$362.4
Days on market
-
Sold On
-
MLS number
PV25248970
Home ConditionPoor
Features
Deck
Pool
Spa
View-

About this home

Back on the Market! This Fixer is a "Diamond in the Rough" - perfect starter opportunity to purchase below market value, put some sweat equity into cosmetic improvements & have a home you like. Upstairs condo, with no one living above or below, provides a peaceful location, added security & nice cross breezes. The living room & bedroom with full-size closet have vaulted ceilings, A/C wall units & access to a private balcony. The all-electric kitchen has a breakfast bar counter opening to the living room with a newer gas wall heater. Assigned 1 car covered carport parking space & storage cabinet plus a nearby HOA laundry room located off the rear walkway below. Gated, well-maintained, park-like community with 2 swimming pools, spa, clubhouse, playground & BBQ areas. The HOA dues cover hot & cold water, sewer, trash, exterior maintenance & insurance, plus on-site manager & after-hours security. The Mariners Park Village complex is super convenient to restaurants, shopping & 110 Freeway.

J
Julie Maddox
Listing Agent
Condition Rating
Poor
Built in 1973, this property is explicitly described as a 'Fixer' and 'Diamond in the Rough' requiring 'sweat equity into cosmetic improvements.' The images confirm a severely outdated interior, featuring a kitchen with vintage yellow appliances, dark wood cabinets, and old linoleum flooring. The bathroom also presents an outdated vanity, sink, and tub/shower enclosure with visible wear. Throughout the living areas and bedroom, there is old, stained shag carpet and walls show significant marks and wear. The cooling is handled by wall-mounted A/C units, and heating by a wall gas heater, indicating older, less efficient systems. This property requires substantial repairs and rehabilitation to meet current living standards.
Pros & Cons

Pros

Investment Potential: Offers a unique 'fixer' opportunity to acquire below market value, allowing for significant equity growth through cosmetic improvements.
Enhanced Privacy & Security: As an upstairs condo with no neighbors above or below, it provides a peaceful living environment, increased security, and natural cross breezes.
Rich Community Amenities: Residents benefit from a gated, well-maintained community featuring two swimming pools, a spa, clubhouse, playground, and BBQ areas.
Comprehensive HOA Coverage: HOA dues are highly inclusive, covering hot and cold water, sewer, trash, exterior maintenance, insurance, and on-site management/security, simplifying living expenses.
Strategic Location: The complex boasts excellent proximity to diverse restaurants, shopping centers, and convenient access to the 110 Freeway.

Cons

Requires Significant Renovation: Described as a 'Diamond in the Rough' and a 'Fixer,' the property necessitates substantial cosmetic improvements and sweat equity from the buyer.
Compact Living Space: With only 593 square feet, the unit offers limited living space, which may not suit buyers seeking more expansive accommodations.
Dated Kitchen & Cooling Systems: Features an all-electric kitchen and wall-mounted A/C units, which may be less desirable or efficient compared to modern gas kitchens and central air conditioning.
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