2722 Grand Summit Road, Torrance, CA 90505

$1,215,000
3
BD
2
BA
1,214
SqFt
List Price
$1,215,000
Status
ACTIVE
MLS#
DW22099618
Year Built
1954
Bedrooms
3
Bathrooms
2
Living Sq. Ft
1,214
Lot Size
5,236
Acres
0.1202
Lot Location
Item01UnitAcre, ValueInLand
Days on Market
56
Property Type
Single Family Residential
Property Sub Type
Single Family Residence
Stories
One Level

Property Description

First time on the market in 32+ years! This is the best value add home in the South Bay market! This house resides in Torrance, CA, but tucked inside one of the most exclusive neighborhoods known as Victoria Knolls! This lovely mid century home offers 3 bedrooms and 2 baths with a fantastic layout. The home is comprised of 1,214 sq.ft on a 5,236 sq.ft lot with an additional bonus room added to the house, the bonus room does not count in the square footage, ideal for a man-cave or classroom! This house has had a lot of work done throughout the years, copper piping throughout, the kitchen has been redone, the floors have been redone, bathroom, about a year old, the other bathroom is in excellent shape, newer ceiling fan, appliances are new (stainless steel) and included in the sale. This house is very well maintained for its age. Fix as you go, or live in for a few years then renovate it as your own. With this location and vicinity your buying an 8 minute driving distance to the best elite schools such as Palos Verdes Peninsula High School- ranked 16th in Los Angeles metro area and Chadwick- ranked among the best prep schools in the nation with an average SAT score of 1414. That’s an advantage that most homes won’t offer you and this one does! Enjoy Great schools, activities, country clubs, and access to city programs and sports activities near Victoria knolls. FYI- Trails are everywhere, horse, bike, walking, running, there’s a trail for you! Don’t miss out! This house has the lowest priced per square foot in Victoria Knolls and 5 minute driving distance to Rolling Hills Estates. This house has been well maintained for you to finish the property to earn max rents. This is a true value add home to buy as an investment to rent out. Why? it’s in the Victoria Knolls adjacent to Walteria, and Rolling Hills Estates and has very strong rental markets, convert to luxury and earn a healthy ROI on your investment. Don’t lose out on this fantastic opportunity! A+ Location! This is an ideal home for a buyer or investor doing a 1031! Earn a 5.5% cap rate if you rent as is. Property is located 2 minutes from Wholefoods,Trader Joes, Sephora, Kohls (Rolling Hills Plaza).

Additional Information

Appliances
ENERGY STAR Qualified Appliances, Gas Range
Pool Description
None
Fireplace Description
See Remarks
Heat
Wall Furnace
Cooling Description
None, SeeRemarks
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public, See Remarks
School District
Torrance Unified
Attached Structure
Attached
Number Of Units Total
1

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Carlos Campos from Listing Office: Hope Street Funding & Realty

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.