2722 Grand Summit Road Torrance, CA 90505

3 Beds
2 Baths
1,214 Sqft
5,236 Sqft lot
0.12 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1954
Days on Website: 54

Property listed by Hope Street Funding & Realty, Carlos Campos. IDX Contact: 424-201-0101

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).

Open House

Property Details and Features

  • ENERGY STAR Qualified Appliances
  • Gas Range
  • 2 full bathrooms
  • 2 total bathrooms
  • 2 bathrooms on main level
  • 3 total bedrooms
  • 3 bedrooms on main level
  • 1 total stories
  • Built in 1954
  • Stories: 1
  • 1,214 sqft living area
  • 1 Common Wall
  • One
  • House
  • Biking
  • Dog Park
  • Golf
  • Hiking
  • Horse Trails
  • Mountainous
  • Park
  • Preserve/Public Land
  • Water Sports
  • No cooling
  • Attached garage
  • 2 garage spaces
  • Wall Furnace
  • Listing ID: DW22099618
  • Property Subtype: Single Family Residence
  • 41 days on market
  • Listed on 2022-05-11
  • County: Los Angeles
  • 5236 sqft
  • 0.1202 acres
  • Area: 5236
  • 0-1 Unit/Acre
  • Value In Land
  • 4 open parking spaces
  • 6 total parking spaces
  • Close Plus 1 Day
  • Single unit
  • Property attached
  • Riding Trail
  • High School District: Torrance Unified
  • Public Sewer