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17302 Ermanita Avenue, Torrance, California 90504, Torrance, 90504 - bed, bath

17302 Ermanita Avenue, Torrance, California 90504 home-pic-0
ACTIVE$8,499,000
17302 Ermanita Avenue, Torrance, California 90504
0Bed
0Bath
11,695Sqft
29,992Lot
Year Built
1962
Close
-
List price
$8.5M
Original List price
$8.6M
Price/Sqft
$727
HOA
-
Days on market
-
Sold On
-
MLS number
SB25152883
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros.

17302 Ermanita Ave is a turnkey 17-Unit situated in a prime pocket of NW Torrance. The property consists of (1) 2-bed/2-bath unit, (5) 2-Bed/1-Bath, (7) 1-Bed/1-Bath, and (4) Studio Units – with a strong in-place income of over $47K/Mo. The 11,695 SF building sits on a massive 29,992 SF lot and features a BBQ & fire pit area for tenants to enjoy – on top of the pristine quality of the units that are fully equipped with a washer, dryer and AC. The whole building is newly renovated and recent capital improvements to the exterior include: New Roof, Windows, Front Doors & Wood Siding, Improved Landscaping, New Exterior Paint, Copper Plumbing, New Electrical & Drain Lines. The interior is dressed with top-of-the-line renovations including: New Cabinets, Carrara Style Quartz Countertops, Smooth Interior Ceilings, Wood Laminate Flooring, Stainless Steel Appliances, Recessed Lighting, New Bathroom Tile & Interior doors. The property is strategically located on a quiet street in Northwest Torrance – in close proximity to Alondra Park Golf Course, El Camino College, and the South Bay Galleria. With its sizable living space, desirable location, and impressive income, this property is a great opportunity for any investor looking for a cash-flowing prize asset. *Available with Assumable Financing @ 5.25% interest Rate. $3.9M of the Loan is Assumable - Subject to Buyer Qualification. Fixed Rate until Feb 2033

Nearby schools

5/10
Evelyn Carr Elementary School
Public,•K-5•0.3mi
7/10
Yukon Elementary School
Public,•K-5•0.5mi
8/10
Edison Elementary School
Public,•K-5•0.7mi
8/10
Washington Elementary School
Public,•K-5•2.0mi
7/10
Philip Magruder Middle School
Public,•6-8•1.1mi
8/10
Adams Middle School
Public,•6-8•1.9mi
8/10
North High School
Public,•9-12•0.6mi
8/10
Redondo Union High School
Public,•9-12•3.7mi

Price History

Date
Event
Price
09/11/25
Price Change
$8,499,000-1.2%
07/08/25
Listing
$8,600,000
08/28/20
Sold
$3,865,000
11/08/00
Sold
$950,000
Condition Rating
Excellent
Despite being built in 1962, the property has undergone a comprehensive and recent 'newly renovated' transformation, as explicitly stated in the description and confirmed by the images. All major systems (roof, windows, plumbing, electrical) and interior finishes (new cabinets, Carrara style quartz countertops, stainless steel appliances, wood laminate flooring, recessed lighting, new bathroom tile, mini-split AC units) are new or virtually new, meeting current quality standards. The kitchens and bathrooms are modern and pristine, reflecting a high-quality, extensive renovation within the last 5 years.
Pros & Cons

Pros

Extensive Turnkey Renovations: The property has undergone comprehensive interior and exterior renovations, including major system upgrades (roof, windows, plumbing, electrical) and modern finishes, making it a turnkey asset with minimal immediate capital expenditure for a new owner.
Strong Cash Flow & Investment Appeal: Generating over $47,000 per month in-place income, this property is explicitly positioned as a cash-flowing prize asset, offering significant investment potential.
Favorable Assumable Financing: A substantial portion of the loan ($3.9M) is assumable at a competitive 5.25% fixed interest rate until February 2033, providing a significant financial advantage and lower cost of capital for a qualified buyer in the current market.
Prime Northwest Torrance Location: Strategically located on a quiet street in a desirable area, offering excellent proximity to key amenities such as Alondra Park Golf Course, El Camino College, and the South Bay Galleria, enhancing tenant demand and long-term value.
Tenant-Centric Amenities & Large Lot: The property features a massive 29,992 SF lot with attractive tenant amenities like a BBQ and fire pit area, alongside in-unit washers, dryers, and AC in all units, contributing to high tenant satisfaction and retention.

Cons

Significant Capital Outlay & Valuation: The high list price of $8.499M represents a substantial investment, requiring thorough financial analysis to ensure the cap rate and return on investment align with investor expectations, especially given the significant appreciation since the 2020 sale.
Aging Core Structure: Despite extensive renovations, the building's original construction year of 1962 means the underlying structural components are over 60 years old, which could lead to unforeseen maintenance or repair costs in the long term.
Unit Mix Skew Towards Smaller Units: A majority of the 17 units are 1-bedroom or studios (11 units), which may limit the potential tenant demographic and could impact long-term rental growth or tenant stability compared to properties with a higher proportion of larger, family-oriented units.

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