20603 Budlong Avenue, Torrance, California 90502, Torrance, 90502 - 5 bed, 3 bath

20603 Budlong Avenue, Torrance, California 90502 home-pic-0
ACTIVE$925,000
20603 Budlong Avenue, Torrance, California 90502
5Beds
3Baths
1,620Sqft
4,554Lot
Year Built
1951
Close
-
List price
$925K
Original List price
$995K
Price/Sqft
$571
HOA
-
Days on market
-
Sold On
-
MLS number
SR24239701
Home ConditionGood
Features
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,5 Pros. Rank: price - $925.0K(73th), sqft - 1620(73th), beds - 5(95th), baths - 3(68th).

Public record shows that this home is a single family 5 bedrooms, 3 bathrooms, however, it is set up as a 2 units home. This remodeled duplex offers an exceptional opportunity for multi-family living or rental income. The property consists of two separate units, each thoughtfully designed with comfort and functionality in mind. The first unit features 3 spacious bedrooms and 2 modern bathrooms, all beautifully updated. The open-concept layout is enhanced by a completely remodeled kitchen with sleek cabinetry, stylish countertops, and upgraded appliances. Fresh finishes, new flooring, and updated fixtures throughout make this unit move-in ready. The second unit is a cozy yet functional space with 2 bedrooms and 1 bathroom. Like the first, it has undergone significant remodeling, boasting updated kitchen and bathroom features. However, it does require a little TLC, with paint touch-ups and some wall repairs needed to bring it to its full potential. Both units offer separate entrances and share a generous outdoor space perfect for entertaining or relaxing. Located near shopping, dining, and excellent schools, this duplex is ideal for extended families, investors. Don’t miss this opportunity to own a piece of California living!

Price History

Date
Event
Price
07/17/20
Sold
$610,000
06/05/17
Sold
$425,000
09/30/02
Sold
$299,000
Condition Rating
Good

Built in 1951, this property has undergone extensive remodeling, particularly in the first unit which features a completely remodeled kitchen with sleek cabinetry, stylish countertops, upgraded appliances, new flooring, and updated fixtures, making it move-in ready. The single provided image confirms a modern and well-maintained kitchen. The second unit also boasts significant remodeling with updated kitchen and bathroom features. While the second unit requires minor 'paint touch-ups and some wall repairs,' the overall condition reflects a property that is largely move-in ready with modern updates, aligning with the 'Good' rating criteria for an extensively renovated home.
Pros & Cons

Pros

Duplex Configuration: The property is set up as a two-unit home, offering excellent potential for multi-family living or significant rental income.
Extensively Remodeled First Unit: The primary unit (3 beds, 2 baths) is beautifully updated with a remodeled kitchen, new flooring, and modern fixtures, making it move-in ready.
Updated Kitchens & Bathrooms: Both units feature updated kitchens and bathrooms, providing modern amenities and appeal.
Income & Multi-Generational Potential: The dual-unit setup is ideal for investors seeking rental income or extended families requiring separate living spaces.
Convenient Location: Situated near shopping, dining, and excellent schools, enhancing desirability and accessibility.

Cons

Second Unit Requires Further Work: While partially remodeled, the second unit needs 'paint touch-ups and some wall repairs,' indicating additional immediate investment and effort for the buyer.
Substantial Overpricing Relative to Estimation: The current listing price of $925,000 is significantly above the estimated property value of $547,597.79, suggesting a potential overvaluation or market resistance.
Public Record Discrepancy: The property is listed as a single-family home in public records but is configured as a two-unit duplex, which could pose challenges with zoning, permitting, or financing if not properly legalized.

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