1737 Fern Avenue,
Home For Sale
This is 1737 and 1739 Fern Ave. Welcome to the Prime Torrance Gardens Duplex, a rare gem in the heart of Torrance offering two standalone units on a lot the epitome of what every homeowner and investor dreams of. This property boasts two detached units, each with its private yard, providing the perfect blend of comfort and privacy. The front unit is a spacious 5-bedroom, 2-bathroom dwelling featuring a private laundry room and an oversized detached 2-car garage. Recently renovated with new windows, floors, baths, and a modern kitchen, this unit is a true sanctuary. Currently leased at $3,995 per month ($47,940 per year), this unit offers a lucrative investment opportunity. The second unit offers 3 bedrooms, 2 bathrooms, and a private yard, complete with a 2-car garage and private laundry area. This home sits over the 2 garages. This unit is currently rented at $2,970 per month ($35,640 per year), adding to the property's overall rental income. Both units are currently Rented on a month-to-month basis, providing flexibility for the new owner. The long-term stability of this investment is evident through the tenure of the current tenants, with the 5-bedroom unit tenants residing for the past 1.5 years and the 3-bedroom unit tenants for over an impressive 20 years. With a combined annual rental income of $83,580, this Torrance Gardens Duplex presents a unique opportunity for investors, homeowners, and those seeking a multi-generational living arrangement. Don't miss your chance to own this exceptional property in a desirable location.
Property Details
Additional Information
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- County:
- Los Angeles
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- Zip:
- 90503
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- MLS® #:
- PV24120938
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- Bedrooms:
- 8
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- Lot Size:
- 0.17
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- Neighborhood:
- TORRANCE (90503)
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Listing information last updated on July 8th, 2024 at 3:30am PDT.