
Torrance, California 90502
This Well-Maintained Single Family Residence is a Strong Value Opportunity, listed at $895,000—positioned well below the $925,938 Fair Market Value by 3%. This valuation gap offers $30,938 in Instant Equity for the next owner. Featuring vaulted wood-beam ceilings, original hardwood floors, and over $40,000 in recent electrical and cosmetic upgrades, the home maintains a Condition Rating of 3. While served by the Los Angeles Unified School District, its move-in readiness and charm make it an ideal acquisition for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 938 Rayland Drive Subject | $895,000* List Price | 3 | 2 | 1,528 | $606 | - |
A 23232 Doble Sold | $926,000 | 3 | 2 | 1,290 | $718 | 0.0 mi |
B 939 Belson Street Sold | $910,000 | 3 | 2 | 1,382 | $658 | 0.2 mi |
C 23229 Meyler Avenue Sold | $775,000 | 3 | 1 | 1,172 | $661 | 0.2 mi |
D 23225 Broadwell Sold | $935,000 | 4 | 2 | 1,392 | $672 | 0.1 mi |
E 1034 Gian Drive Sold | $969,000 | 3 | 2 | 1,542 | $628 | 0.5 mi |
F 1040 W 220th Sold | $805,000 | 4 | 4 | 1,894 | $425 | 1.0 mi |
G 22443 Meyler Active | $849,000 List Price | 3 | 2 | 1,487 | $571 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1960, the home is exceptionally well-maintained and move-in ready. It features a brand-new 225-amp electrical system and over $40,000 in recent improvements including fresh interior/exterior paint and updated lighting. Although the kitchen and bathrooms are dated (older oak cabinetry and 15-20+ year old styling), they are fully functional and clean, meeting the criteria for a well-maintained, functional residence.
The home features highly desirable vaulted wood-beam ceilings and original hardwood floors, offering a unique aesthetic charm and warmth that is difficult to find in newer constructions.
With over $40,000 in recent improvements, including a new solar-ready 225-amp electrical panel and fresh interior/exterior paint, the property provides essential modern updates and move-in readiness.
Maintained by the same family for over 50 years, the property reflects a legacy of meticulous care, ensuring a well-preserved foundation for the next owner.
Despite the Torrance mailing address, the property is located in the 'County Strip' and is served by the Los Angeles Unified School District rather than the highly-rated Torrance Unified School District.
While cosmetically refreshed with new lighting and paint, the kitchen and bathrooms likely retain their original 1960s footprints, which may necessitate future remodeling for buyers seeking a modern open-concept feel.
After more than half a century of care and family tradition, this treasured Torrance P.O. 3bd/2ba home at 938 Rayland Drive welcomes its next chapter. Cared for by the same family for over fifty years, generations gathered here to celebrate holidays, raise children, and create a legacy. From the moment of arrival, the 1524sf home's inviting curb appeal and fresh exterior paint set the tone for what awaits inside. Rich vaulted wood-beam ceilings, an original feature, create an immediate sense of warmth and architectural character that is increasingly hard to find. Sunlight pours into the spacious living room, where the beautifully refreshed fireplace with a timeless German schmear finish, new mantel, and updated insert creates an inviting centerpiece for quiet evenings or lively gatherings alike. Original hardwood floors flow throughout much of the home, while fresh interior paint, updated lighting, new blinds, and thoughtful finishes create a bright, move-in-ready environment that still honors the home's original charm. An intentional floor plan offers comfortable daily living with a spacious family room that seamlessly extends the living space, perfect for holiday celebrations, weekend entertaining, or simply enjoying time together. The centrally located kitchen remains the heart of the home, where countless family meals have been shared and new memories are waiting to be made. Recent improvements totaling more than $40,000 include a brand-new solar-ready electrical system featuring a 100-amp meter and 225-amp panel, fresh interior and exterior paint, updated lighting, new window trim and blinds throughout, a new range hood and kitchen faucet, an updated front entry, and a beautifully reimagined fireplace. Outside, the generous backyard offers endless possibilities—whether you envision summer barbecues, gardening, outdoor dining, or simply relaxing beneath the California sky. Just moments from historic Old Torrance, you'll enjoy boutique shopping, local cafés, neighborhood parks, award-winning schools, freeways, and everything that makes South Bay living so sought after. Homes like this don't come along often. Rich in character, thoughtfully updated, and filled with over five decades of treasured memories, this is an opportunity to continue a story that has been lovingly written for generations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,528 | 1,619.5 |
| Lot Size | 5,445 | 5,695.5 |
| Price | $895.0K | $1.25M |
| Price per sq ft | $586 | $770 |
| Built year | 1960 | 1955 |
| HOA | $0 | $85 |
| Days on market | 13 | 42 |
Jul 9, 2026
$895,000
Initial Listing