ActiveResidential · sale

1509 Elm Avenue

Torrance, CA 90503

$2,495,000

  • 6 beds
  • 7 baths
  • 3,759 sq ft
  • 0.17 acres
  • Built 1950

Listed by WestCoast Realty & Management · MLS #SB26039803

1509 Elm Avenue, Torrance, CA 90503 — photo 1 View full photo
1 / 65

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1950.

Garage parking

2 garage spaces listed.

Property size

0.17 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Best Value in the neighborhood This beautifully remodeled and reimagined home offers one of the best pricepersquarefoot opportunities on the market Welcome to Stunning 1509 Elm an amazing custom build offering luxury living and investment potential This stunning home offers 2762 square feet of living space plus a 47 sq ft balcony and a 234 sq ft covered patio Inside youll find a huge gourmet kitchen with an open floor plan an oversized island any cooking enthusiast would dream of and topoftheline Thermador appliances along with 4 spacious bedrooms and 45 beautifully appointed bathroomsThe elegant primary suite boasts vaulted ceilings a walkin closet and a spainspired bathroom complete with a soaking tub dual vanities and a walkin shower featuring dual faucets and ceilingmounted rain shower headsThis home is thoughtfully equipped with premium upgrades including a builtin Sonos sound system Ring doorbells and security cameras and central air and heating Every detail has been beautifully designed and added to create a true modern masterpieceSituated on a generous 7500 sq ft lot this exceptional property also includes a detached ADU at 1511 Elm offering 997 sq ft of living space plus a 189 sq ft covered patio Featuring 2 bedrooms and 2 bathrooms 1511 Elm is just as beautifully designed as the main residence a seamless extension of 1509 Elm in a more compact form perfect for rental income extended family or guestsA rare opportunity to own a luxury residence with builtin investment potential 1509 Elm main house and 1511 Elm ADU wont last make this dream home yours today
Explore the locationMore properties in Torrance

THE NEIGHBORHOOD

Explore the location.

1509 Elm Avenue, Torrance, CA 90503

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1950
Full baths
6
Half baths
1
Garage spaces
2
Cooling
CentralAir
Heating
Central,EnergyStarQualifiedEquipment,HeatPump
Appliances
SixBurnerStove,Dishwasher,EnergyStarQualifiedAppliances,Microwave,Refrigerator,TanklessWaterHeater,SumpPump
Utilities
CableAvailable,ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Pool
No
Pool features
None
Spa
No
Parcel
7362028008
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$10,395.83
Cap rate—

Annual operating income: —

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

Find your place in real estate.

Just getting started?

Explore real estate education and available licensing courses through ARTI Academics.

Become a real estate agent

Ready to work with ERA?

Discover the people, broker support, technology and education behind an ERA real estate career.

Join ERA Brokers

Moving for work?

Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.

Explore Corporate Services
Contact ERA about this property

Ask about this property.

1509 Elm Avenue, Torrance, CA 90503 · MLS #SB26039803

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

More in Torrance.

23332 Sesame D$268,00023332 Sesame DTorrance, CA20610 Mansel$1,449,90020610 ManselTorrance, CA4534 Halison Street$1,795,0004534 Halison StreetTorrance, CA

Listing information

MLS #SB26039803 · California Regional MLS

Listing brokerage: WestCoast Realty & Management
Listing agent: Steven Mansour

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

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 © 2023 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. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.