20612 Kenwood Avenue, Torrance, California 90502, Torrance, 90502 - bed, bath
ACTIVE$1,250,000
20612 Kenwood Avenue, Torrance, California 90502
0Bed
0Bath
2,400Sqft
10,407Lot
Year Built
1959
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$521
HOA
-
Days on market
-
Sold On
-
MLS number
RS24000003
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.25M(33th), sqft - 2400(33th), beds - undefined(50th), baths - undefined(50th).
Very nice 3 units complex in 3 separate units, seller has finalized plans and permits for 2 additional units this would be a very nice property with 2 additional units., bring your investors, builders,
Price History
Date
Event
Price
06/30/16
Sold
$525,000
Condition Rating
Poor
The property was built in 1959, making it over 60 years old. While the exterior appears maintained, there are no interior images provided to assess the condition of the kitchen, bathrooms, flooring, or systems. The MLS description and AI analysis explicitly state that the 'Age of Construction' is a weakness and that the property 'may require updates to systems (e.g., electrical, plumbing) or general renovations to meet modern tenant expectations.' This strongly suggests that major components are likely outdated and require substantial repairs or replacement to meet current standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Income-Generating Asset: The property is a triplex (3 units), offering immediate rental income potential for investors.
Significant Expansion Potential: Seller has finalized plans and permits for 2 additional units, providing a clear path to increase revenue and property value.
Desirable Location: Located in Torrance, CA, a sought-after Southern California city known for its strong rental market and community amenities.
Large Lot Size: The 10,407 sqft lot provides ample space for the existing units and the planned expansion, enhancing development flexibility.
Investor/Builder Ready: Explicitly marketed towards investors and builders, highlighting its value-add opportunity and development potential.
Cons
Age of Construction: Built in 1959, the property may require updates to systems (e.g., electrical, plumbing) or general renovations to meet modern tenant expectations and reduce maintenance costs.
Substantial Capital Investment Required: While permits are in place, the construction of two additional units will necessitate significant financial outlay and project management from the buyer.
Unknown Current Unit Details: The description lacks specific details on the current condition, finishes, or rental income of the existing three units, which are crucial for a comprehensive investor evaluation.