1900 W Artesia Blvd #4 · Torrance, CA 90504

$154,000

2 bd · 1.0 ba · 800 sqft · Manufactured · 7 Days on market

Built 1972 Good condition $192/sqft · 73% above area ↓ 9% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.9/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

OPEN HOUSE SATURDAY 5/16 12:30 PM TO 3:30 PM. Fully furnished and meticulously maintained, this turnkey home includes all appliances for a seamless move-in. Suitable as a primary residence, vacation home, or investment property, it offers a rare opportunity to enjoy a fully prepared living space with no additional work required.

Key facts

• 2 garage spots
• Community pool
• Built 1972

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $154k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $154k).
• Cap rate 14.1% vs local median 2.1% in Torrance — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#95 in CA, #3,501 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, amenities A+, commute A+; Watch: health & safety C-, crime D+, cost of living F.
• Torrance Unified (urban): math 62% / reading 67% proficiency, ranked #150 of 1,400 in CA (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+2.3%/yr); 33 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 2.3% rent growth), your $43k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts; this cycle's ask has dropped $11k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $154,000

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.70% ✓
• Cap rate: 14.15%
• Cash-on-cash: 28.04%
• DSCR: 2.25
• GRM: 4.9

CMA / ARV

• ARV (median comp): $88,854
• List price: $154,000
• Delta: 74.33%
• Verdict: OVERPRICED
• Comps: 17 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17100 Gramercy Pl #28	0.26mi	2/2.0	788 (-2%)	9mo	$165,000	$209	74
16950 S Gramercy Pl Unit 23 A	0.44mi	2/1.0	768 (-4%)	1mo	$85,000	$111	72
17700 S WESTERN Ave #133	0.27mi	2/1.0	800 (0%)	23mo	$120,000	$150	68
16949 S Western Ave #58	0.40mi	2/1.0	704 (-12%)	15mo	$169,000	$240	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.26% rent growth · sell at horizon

5-year hold

• IRR: 21.4%
• Equity multiple: 1.87×
• Total profit: $37,327
• Equity at exit: $22,962

10-year hold

• IRR: 29.0%
• Equity multiple: 3.49×
• Total profit: $107,470
• Equity at exit: $13,315

Cash invested: $43,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 90504

• Rents YoY: 2.3%
• Active inventory: 33
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $2,623 high
• Mortgage (P&I): −$808
• Tax est. 1.5%: −$192 /mo · $2,310/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$551
• Net cashflow: $1,008

Break-even live

Break-even rent $1,347

Max offer price $154,000

Occupancy floor 57%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $38,500
• Closing costs: $4,620
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17313 Denker Ave Unit 4 Gardena, CA	2.0	1.0	985	$2,300	$2.34	43d	1	0.37mi
17405 Van Ness Ave Torrance, CA	2.0	2.0	850	$2,775	$3.26	15d	1	0.40mi
16507 Saint Andrews Pl Unit C Gardena, CA	2.0	1.0	850	$2,650	$3.12	43d	1	0.60mi
1443 W 179th St Unit 107 Gardena, CA	2.0	1.0	800	$2,450	$3.06	24d	1	0.65mi
1443 W 179th St Apt 104 Gardena, CA	2.0	2.0	850	$2,500	$2.94	43d	1	0.65mi
1439 W 179th St Unit 03 Gardena, CA	2.0	1.0	650	$2,250	$3.46	43d	1	0.67mi
1616 W Gardena Blvd Gardena, CA	2.0	1.0	882	$2,800	$3.17	3d	1	0.76mi
16326 Denker Ave Gardena, CA	2.0	1.0	908	$3,000	$3.30	43d	1	0.81mi
17229 Atkinson Ave Torrance, CA	3.0	1.0	967	$3,600	$3.72	43d	1	0.85mi
18424 S Normandie Ave Gardena, CA	1.0	1.0	550	$1,900	$3.45	43d	1	0.91mi
16120 Van Ness Ave Unit 6 Torrance, CA	2.0	1.0	690	$2,026	$2.94	18d	1	0.92mi
1243 Electric St Gardena, CA	2.0	2.0	866	$2,850	$3.29	7d	1	0.94mi
17901 Crenshaw Blvd Unit 4 Torrance, CA	1.0	1.0	615	$2,495	$4.06	24d	1	0.95mi
1328 W Gardena Blvd Apt 3 Gardena, CA	2.0	2.0	1080	$2,700	$2.50	43d	1	0.95mi
16901 Crenshaw Blvd Unit 1 Torrance, CA	2.0	1.0	800	$2,500	$3.12	24d	1	0.97mi
16020 Van Ness Ave Torrance, CA	1.0	1.0	550	$1,950	$3.55	43d	2	0.98mi
1343 W 164th St Gardena, CA	2.0	2.0	800	$2,700	$3.38	24d	1	1.00mi
16713 Crenshaw Blvd Torrance, CA	3.0	1.0	850	$2,450	$2.88	43d	1	1.02mi
17309 Elgar Ave Torrance, CA	2.0	1.0	838	$3,400	$4.06	12d	1	1.03mi
17309 Elgar Ave Torrance, CA	2.0	1.0	838	$3,400	$4.06	7d	1	1.03mi
1321 W 186th St Gardena, CA	1.0	1.0	600	$1,800	$3.00	43d	1	1.03mi
15825 Denker Ave Unit A Gardena, CA	2.0	1.0	900	$2,750	$3.06	43d	1	1.09mi
2501 W Redondo Beach Blvd Unit 242 Gardena, CA	1.0	1.0	550	$1,800	$3.27	43d	1	1.09mi
17513 Glenburn Ave Torrance, CA	2.0	2.0	800	$3,195	$3.99	43d	1	1.13mi
3313 Artesia Blvd Torrance, CA	1.0	1.0	750	$1,895	$2.53	43d	1	1.15mi
2125 W 157th St Unit 10 Gardena, CA	1.0	1.0	700	$2,050	$2.93	4d	1	1.16mi
16935 S Vermont Ave Gardena, CA	2.0	1.0	850	$2,295	$2.70	24d	1	1.18mi
16920 S Vermont Ave Unit D Gardena, CA	2.0	1.5	1100	$2,795	$2.54	18d	1	1.22mi
16920 S Vermont Ave Gardena, CA	2.0	1.5	1100	$2,795	$2.54	24d	1	1.22mi
15717 Brighton Ave Unit B Gardena, CA	1.0	1.0	650	$2,200	$3.38	24d	1	1.24mi
860 W 165th Pl Unit 103 Gardena, CA	1.0	1.0	589	$1,775	$3.01	43d	1	1.29mi
860 W 165th Pl Apt 201 Gardena, CA	2.0	2.0	925	$2,395	$2.59	43d	1	1.29mi
15702 Brighton Ave Unit 4 Gardena, CA	2.0	1.0	750	$2,500	$3.33	18d	1	1.31mi
17302 Yukon Ave Torrance, CA	2.0	2.0	990	$2,782	$2.81	24d	2	1.36mi
844 W 164th St Unit 9402A Gardena, CA	1.0	1.0	615	$2,500	$4.07	43d	1	1.36mi
3444 Redondo Beach Blvd Unit 3 Torrance, CA	1.0	1.0	668	$1,850	$2.77	18d	1	1.38mi
17030 Yukon Ave Torrance, CA	1.0	1.0	600	$2,100	$3.50	43d	1	1.40mi
17035 Yukon Ave Torrance, CA	1.0	1.0	720	$2,195	$3.05	43d	1	1.43mi
16700 Yukon Ave #108 Torrance, CA	2.0	2.0	859	$3,200	$3.73	43d	1	1.44mi
16724 Yukon Ave Torrance, CA	1.0	1.0	705	$2,595	$3.68	24d	1	1.45mi

Listing history 23 events

1. 2026-06-18
   days on market $154,000 Active 7 DOM
2. 2026-06-17
   days on market $154,000 Active 6 DOM
3. 2026-06-16
   days on market $154,000 Active 5 DOM
4. 2026-06-15
   days on market $154,000 Active 4 DOM
5. 2026-06-13
   days on market $154,000 Active 2 DOM
6. 2026-06-13
   remarks 395-char remark
7. 2026-06-13
   pricedays on marketlisting id $154,000 Active 1 DOM
8. 2026-06-08
   days on market $154,900 Active 125 DOM
9. 2026-06-07
   days on market $154,900 Active 124 DOM
10. 2026-06-04
    days on market $154,900 Active 122 DOM
11. 2026-06-03
    days on market $154,900 Active 121 DOM
12. 2026-06-02
    days on market $154,900 Active 120 DOM
13. 2026-06-01
    days on market $154,900 Active 119 DOM
14. 2026-05-31
    days on market $154,900 Active 118 DOM
15. 2026-05-16
    price $154,900 330-char remark

    Show marketing remark (330 chars)

    OPEN HOUSE SATURDAY 5/16 12:30 PM TO 3:30 PM. Fully furnished and meticulously maintained, this turnkey home includes all appliances for a seamless move-in. Suitable as a primary residence, vacation home, or investment property, it offers a rare opportunity to enjoy a fully prepared living space with no additional work required.

16. 2026-03-18
    price $159,900 330-char remark

    Show marketing remark (330 chars)

    OPEN HOUSE SATURDAY 5/16 12:30 PM TO 3:30 PM. Fully furnished and meticulously maintained, this turnkey home includes all appliances for a seamless move-in. Suitable as a primary residence, vacation home, or investment property, it offers a rare opportunity to enjoy a fully prepared living space with no additional work required.

17. 2026-02-02
    listed $165,000 Active 330-char remark

    Show marketing remark (330 chars)

    OPEN HOUSE SATURDAY 5/16 12:30 PM TO 3:30 PM. Fully furnished and meticulously maintained, this turnkey home includes all appliances for a seamless move-in. Suitable as a primary residence, vacation home, or investment property, it offers a rare opportunity to enjoy a fully prepared living space with no additional work required.

18. 2026-01-30
    historical
19. 2025-12-01
    listed $165,000 Active
20. 2025-12-01
    historical
21. 2025-10-07
    listed $169,000 Active
22. 2025-10-03
    historical
23. 2025-08-08
    listed $169,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 6 d/yr ≥86°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,473
• − Mortgage interest: −$8,626
• − Property taxes: −$2,310
• − Insurance: −$770
• − Repairs & maintenance: −$2,518
• − Management: −$2,518
• − Depreciation: −$4,480
• Taxable income: $10,251
• Est. tax owed @ 24.0%: −$2,460
• After-tax cash flow: $9,632/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Good 80/100 Cosmetic rehab

This turnkey home is in good condition with modern updates, ready for immediate move-in. Consider landscaping and exterior paint for further value enhancement.

Value-add opportunities

• Both landscaping — improves curb appeal and adds value
• Both exterior paint — enhances curb appeal and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — improves curb appeal and adds value ↑
• Both exterior paint — enhances curb appeal and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Torrance Unified
• NCES district ID: 0639420
• Math proficiency: 62% ▲ 2.00%
• Reading proficiency: 67% ▬ 0.00%
• Median HH income: $78,640
• Composite: 58.96/100
• National rank: #1969
• State rank: #150 of 1400 in CA

Livability — Torrance

• Score: 76/100
• State rank: #95
• US rank: #3501

Category grades

Amenities A+ Commute A+ Cost of living F Crime D+ Employment A+ Housing C+ Health & safety C- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Torrance, CA
• County: Los Angeles County · 9,444,647 people
• City population: 153,473
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 33,084
• Household income: $107,552
• Rent vs Own: 39.8% rent · 60.2% own
• Severe rent burden: 1335.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.72)
• Race & ethnicity: Asian 39% Hispanic / Latino 26% White 24% Two or more races 16% Black 4%
• Hispanic origin (detail): Mexican 18%
• Common ancestry: Lithuanian 1% Slovak 1% Portuguese 1%
• Foreign-born: 29% · Canada, South Korea, Vietnam
• Languages at home: 57% English-only · Spanish 14% Other Asian/Pacific 6% Korean 5%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -940.72%
• Current HPI: 387.9811
• Rent YoY: ▲ 2.26%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-8.8% since first listed

9 events — show timeline

• 2026-05-16 Price Changed $154,900 CRMLS
• 2026-03-18 Price Changed $159,900 CRMLS
• 2026-02-02 Listed $165,000 CRMLS
• 2026-01-30 Listing Removed — CRMLS
• 2025-12-01 Listing Removed — CRMLS
• 2025-12-01 Listed $165,000 CRMLS
• 2025-10-07 Listed $169,000 CRMLS
• 2025-10-03 Listing Removed — CRMLS
• 2025-08-08 Listed $169,900 CRMLS