Listed by: Frank Kenny, eXp Realty of Greater Los Angeles, Inc.
$1,265,000
●
House -
Off Market
3225 Opal Street
Torrance, CA 90503
3 Beds
3 Baths
1,827 Ft²
$6,330
Est. Monthly
About This Property
BACK ON THE MARKET AT NO FAULT OF HOME OR SELLER.
This 3 bedroom and two bathroom home has had only two owners and has had many recent
updates and been recently painted. (Examples below) There is also a back unit that could be
used as a mother-in-law quarters or ADU that is 380sf (per seller) with a large 3/4 bath;
currently used as an office. Also, in the backyard is a pool, spa tub and patio which has just
recently been refinished and the unique duel garage entrance provides additional security. The
whole property is in excellent condition and ready to move into. The location is central to many
Torrance amenities such as City Hall, The Plunge, Armstrong Theater, many restaurants and a
short walk to the Madrona Marsh. With a ten minute drive to the beach and the Torrance 4 th of
July fireworks show over the pool makes this property a must see. Updates: Roof in 2018;
Water Heater in 2022; Plumbing is copper; Windows in 2019; Kitchen in 2022; Carport in 2022;
Garage drywall and epoxy floor in 2019; Garage doors (two) in 2017; Concrete front walkway in
2019.
This 3 bedroom and two bathroom home has had only two owners and has had many recent
updates and been recently painted. (Examples below) There is also a back unit that could be
used as a mother-in-law quarters or ADU that is 380sf (per seller) with a large 3/4 bath;
currently used as an office. Also, in the backyard is a pool, spa tub and patio which has just
recently been refinished and the unique duel garage entrance provides additional security. The
whole property is in excellent condition and ready to move into. The location is central to many
Torrance amenities such as City Hall, The Plunge, Armstrong Theater, many restaurants and a
short walk to the Madrona Marsh. With a ten minute drive to the beach and the Torrance 4 th of
July fireworks show over the pool makes this property a must see. Updates: Roof in 2018;
Water Heater in 2022; Plumbing is copper; Windows in 2019; Kitchen in 2022; Carport in 2022;
Garage drywall and epoxy floor in 2019; Garage doors (two) in 2017; Concrete front walkway in
2019.
Unit Size
1,827 Ft²
Days on Market
61 days
Land Size
0.17 acres
Price per sqft
$706
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #SB24200631)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 10, 2024 | Sold | ||
| Sold | |||
| Nov 17, 2024 | In contract | - | |
| In contract | |||
| Oct 30, 2024 | Relisted | $1,289,000 | |
| Relisted | |||
| Oct 29, 2024 | In contract | - | |
| In contract | |||
| Sep 24, 2024 | Listed by eXp Realty of Greater Los Angeles, Inc. | $1,289,000 | |
| Listed by eXp Realty of Greater Los Angeles, Inc. | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Torrance
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Frank Kenny, eXp Realty of Greater Los Angeles, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SB24200631
Last Updated: 2 years ago
Data Source: CRMLS, MLS# SB24200631
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017