23701 Western Ave #152 · Torrance, CA 90501

$35,000

1 bd · 1.0 ba · 760 sqft · Manufactured public records · 101 Days on market

Built 1968 $46/sqft · 53% below area Est $69k · 49% under ↓ 36% since listing

---

Why this score? — see what drove the C 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 +15.0/30.0
• ARV discount +15.0/15.0
• Schools +5.9/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this cozy and well-maintained 1-bedroom, 1-bath mobile home located in the desirable Knolls Lodge community of Torrance. This inviting space is filled with natural light, creating a warm and comfortable atmosphere throughout. Perfect for someone looking to make it their own, the home has been lovingly cared for and is ready for your personal touch and updates. The open layout offers a comfortable living area, a functional kitchen, and a peaceful bedroom retreat. Outside, you’ll find a spacious carport that can accommodate 2–3 vehicles, depending on size. Enjoy the convenience of community amenities and the friendly neighborhood feel that Knolls Lodge is known for. This is a wonderful opportunity to own an affordable home in a great Torrance location—close to shopping, dining, and the beach.

Key facts

• Functional kitchen
• Community amenities
• Natural light

Tags

• KNOLLS LODGE COMMUNITY
• NATURAL LIGHT
• OPEN LAYOUT
• FUNCTIONAL KITCHEN
• SPACIOUS CARPORT
• COMMUNITY AMENITIES

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $35k.

Deal economics

• At list price, monthly cash flow is $2k ($23k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $35k).
• Recommended offer: $32k (9.0% below list) — sets the bar for market timing.
• Cap rate 71.7% 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 (+3.2%/yr); 96 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).
• This rent runs 35% of the median local income ($93k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $242 of loan paydown is wiped out by about $1k 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 + 3.2% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($32k) is reasonable based on typical stale-listing flexibility.

Recommended offer $31,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 7.67% ✓
• Cap rate: 71.71%
• Cash-on-cash: 233.62%
• DSCR: 11.39
• GRM: 1.1

CMA / ARV

• ARV (median comp): $68,831
• List price: $35,000
• Delta: -49.15%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
23701 S Western Ave #136	0.00mi	2/2.0 (+1)	800 (+5%)	12mo	$73,000	$91	72
23701 S Western Ave #130	0.01mi	2/2.0 (+1)	846 (+11%)	4mo	$184,201	$218	68
23701 S Western Ave #45	0.00mi	2/2.0 (+1)	840 (+10%)	7mo	$69,900	$83	68
23701 S Western Ave #77	0.00mi	2/1.0 (+1)	704 (-7%)	19mo	$86,200	$122	66
2103 245th St #7	0.62mi	2/2.0 (+1)	852 (+12%)	1mo	$225,000	$264	41

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 · 3.25% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 12.89×
• Total profit: $116,544
• Equity at exit: $5,219

10-year hold

• IRR: —
• Equity multiple: 27.62×
• Total profit: $260,843
• Equity at exit: $3,026

Cash invested: $9,800 (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 90501

• Rents YoY: 3.2%
• Active inventory: 96
• Price-to-rent: 1.1×

Monthly cashflow live

• Estimated rent: $2,686 high
• Mortgage (P&I): −$184
• Tax from tax record: −$16 /mo · $189/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$564
• Net cashflow: $1,908

Break-even live

Break-even rent $271

Max offer price $35,000

Occupancy floor 24%

Sensitivity live

Price	-10% $1,928	-5% $1,918	+0% $1,908	+5% $1,898	+10% $1,888
Rent	-10% $1,696	-5% $1,802	+0% $1,908	+5% $2,014	+10% $2,120
Rate	-1.0pp $1,926	-0.5pp $1,917	base $1,908	+0.5pp $1,899	+1.0pp $1,890

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2124 W 238th St Unit A Torrance, CA	2.0	2.0	750	$3,600	$4.80	17d	1	0.48mi
2128 W 238th St Unit A Torrance, CA	2.0	2.0	750	$3,500	$4.67	44d	1	0.48mi
2174 1st St Unit 237th St unit Torrance, CA	2.0	1.0	800	$2,500	$3.12	25d	1	0.56mi
1802 247th St Unit 1802 Lomita, CA	2.0	1.0	800	$3,200	$4.00	44d	1	0.64mi
24636 Eshelman Ave Lomita, CA	2.0	1.0	950	$2,950	$3.11	5d	1	0.66mi
24638 Eshelman Ave Unit 1/4 Lomita, CA	2.0	1.0	950	$2,950	$3.11	44d	1	0.66mi
1311 Sepulveda Blvd Torrance, CA	2.0–3.0	2.0	1201	$3,400	$2.83	0d	1	0.67mi
1567 W 228th St Torrance, CA	2.0	2.0	990	$3,200	$3.23	44d	1	0.68mi
2742 Cabrillo Ave #302 Torrance, CA	1.0	1.0	670	$2,400	$3.58	44d	1	0.72mi
1657 W 227th St Apt 1 Torrance, CA	2.0	1.0	575	$2,150	$3.74	44d	1	0.73mi
1612 226th St Unit B Torrance, CA	2.0	1.0	850	$2,650	$3.12	44d	1	0.78mi
2757 Andreo Ave Unit 6 Torrance, CA	2.0	2.0	1100	$2,933	$2.67	4d	1	0.81mi
2757 Andreo Ave Torrance, CA	2.0	2.0	1100	$3,295	$3.00	44d	1	0.81mi
2757 Andreo Ave Unit 3 Torrance, CA	2.0	2.0	1100	$2,933	$2.67	12d	1	0.81mi
2757 Andreo Ave Unit 5 Torrance, CA	2.0	2.0	1100	$2,933	$2.67	23d	1	0.81mi
2757 Andreo Ave Unit 3 Torrance, CA	2.0	1.5	1100	$2,933	$2.67	4d	1	0.81mi
2757 Andreo Ave Unit 5 Torrance, CA	2.0	1.5	1100	$2,993	$2.72	12d	1	0.81mi
1434 Plaza del Amo Unit 4 Torrance, CA	1.0	1.0	575	$1,803	$3.14	44d	1	0.86mi
1318 W 227th St Torrance, CA	2.0	1.0	640	$2,250	$3.52	2d	1	0.88mi
1318 W 227th St Torrance, CA	2.0	1.0	640	$2,250	$3.52	44d	1	0.88mi
25109 Ebony Ln Lomita, CA	1.0	1.0	700	$1,839	$2.63	44d	1	0.88mi
1533 Plaza del Amo Unit 4 Torrance, CA	2.0	1.0	978	$2,650	$2.71	5d	1	0.88mi
25110 Eshelman Ave Lomita, CA	2.0	1.5	800	$2,245	$2.81	11d	1	0.95mi
24836 Narbonne Ave Lomita, CA	2.0	1.0	740	$2,995	$4.05	44d	1	0.96mi
1332 W 225th St Unit 1 Torrance, CA	2.0	1.0	900	$2,095	$2.33	44d	1	0.98mi
2758 Orange Ave Unit 10 Torrance, CA	2.0	1.5	950	$2,800	$2.95	13d	1	0.99mi
2457 Lomita Blvd Lomita, CA	2.0	1.0–2.0	878	$4,112	$4.68	0d	14	1.02mi
25004 Frampton Ave Harbor City, CA	1.0	1.0	650	$1,695	$2.61	6d	3	1.06mi
2308 Cabrillo Ave Apt 8 Torrance, CA	2.0	2.0	950	$2,200	$2.32	8d	1	1.06mi
24410 Crenshaw Blvd Torrance, CA	2.0	2.0	1010	$2,795	$2.77	5d	1	1.10mi
2525 W 235th St Unit 10656A Torrance, CA	2.0	1.5	1073	$4,210	$3.92	44d	1	1.11mi
2545 W 235th St Torrance, CA	2.0	1.0–1.5	984	$3,325	$3.38	4d	5	1.15mi
2122 Gramercy Ave Unit 3 Torrance, CA	1.0	1.0	575	$1,850	$3.22	6d	1	1.18mi
1611 W 221st St Torrance, CA	2.0	1.5	650	$2,600	$4.00	44d	1	1.19mi
820 Coriander Dr Unit K Torrance, CA	1.0	1.0	639	$2,140	$3.35	8d	1	1.20mi
806 Coriander Dr Unit H Torrance, CA	2.0	2.0	829	$2,500	$3.02	25d	1	1.22mi
1800 255th St Unit 1812-A Lomita, CA	2.0	1.0	750	$2,145	$2.86	44d	1	1.23mi
2585 W 235th St Unit 10599A Torrance, CA	2.0	1.0	896	$3,880	$4.33	44d	1	1.24mi
817 W 232nd St Unit G Torrance, CA	2.0	1.5	900	$3,250	$3.61	19d	1	1.24mi
1648 255th St W Harbor City, CA	2.0	2.0	800	$3,400	$4.25	44d	1	1.24mi

Listing history 17 events

1. 2026-06-21
   days on market $35,000 Active 101 DOM
2. 2026-06-18
   days on market $35,000 Active 98 DOM
3. 2026-06-17
   days on market $35,000 Active 97 DOM
4. 2026-06-16
   days on market $35,000 Active 96 DOM
5. 2026-06-15
   days on market $35,000 Active 95 DOM
6. 2026-06-13
   days on market $35,000 Active 93 DOM
7. 2026-06-13
   days on market $35,000 Active 92 DOM
8. 2026-06-09
   days on market $35,000 Active 89 DOM
9. 2026-06-08
   days on market $35,000 Active 88 DOM
10. 2026-06-07
    days on market $35,000 Active 87 DOM
11. 2026-06-04
    days on market $35,000 Active 84 DOM
12. 2026-06-03
    days on market $35,000 Active 83 DOM
13. 2026-06-02
    days on market $35,000 Active 82 DOM
14. 2026-06-01
    days on market $35,000 Active 81 DOM
15. 2026-05-31
    days on market $35,000 Active 80 DOM
16. 2026-04-17
    price $35,000 830-char remark

    Show marketing remark (830 chars)

    Welcome to this cozy and well-maintained 1-bedroom, 1-bath mobile home located in the desirable Knolls Lodge community of Torrance. This inviting space is filled with natural light, creating a warm and comfortable atmosphere throughout. Perfect for someone looking to make it their own, the home has been lovingly cared for and is ready for your personal touch and updates. The open layout offers a comfortable living area, a functional kitchen, and a peaceful bedroom retreat. Outside, you’ll find a spacious carport that can accommodate 2–3 vehicles, depending on size. Enjoy the convenience of community amenities and the friendly neighborhood feel that Knolls Lodge is known for. This is a wonderful opportunity to own an affordable home in a great Torrance location—close to shopping, dining, and the beach.

17. 2026-03-12
    listed $54,900 Active 830-char remark

    Show marketing remark (830 chars)

    Welcome to this cozy and well-maintained 1-bedroom, 1-bath mobile home located in the desirable Knolls Lodge community of Torrance. This inviting space is filled with natural light, creating a warm and comfortable atmosphere throughout. Perfect for someone looking to make it their own, the home has been lovingly cared for and is ready for your personal touch and updates. The open layout offers a comfortable living area, a functional kitchen, and a peaceful bedroom retreat. Outside, you’ll find a spacious carport that can accommodate 2–3 vehicles, depending on size. Enjoy the convenience of community amenities and the friendly neighborhood feel that Knolls Lodge is known for. This is a wonderful opportunity to own an affordable home in a great Torrance location—close to shopping, dining, and the beach.

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

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $189 · $16/mo
• Projected year-2 tax: $266 · $22/mo
• Expected delta: +$77/yr (+$6/mo · 40.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥86°F today · 22 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: $32,230
• − Mortgage interest: −$1,961
• − Property taxes: −$189
• − Insurance: −$175
• − Repairs & maintenance: −$2,578
• − Management: −$2,578
• − Depreciation: −$1,018
• Taxable income: $23,730
• Est. tax owed @ 24.0%: −$5,695
• After-tax cash flow: $17,200/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.

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): 41,787
• Household income: $92,923
• Rent vs Own: 56.4% rent · 43.6% own
• Severe rent burden: 1972.0

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: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 43% Asian 27% White 20% Two or more races 15% Black 5%
• Hispanic origin (detail): Mexican 34%
• Common ancestry: Slovak 1% Lithuanian 1% British 1%
• Foreign-born: 33% · Canada, South Korea, China
• Languages at home: 46% English-only · Spanish 32% Other Asian/Pacific 5% 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: ▼ -755.95%
• Current HPI: 334.9041
• Rent YoY: ▲ 3.25%
• 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

-36.2% since first listed

2 events — show timeline

• 2026-04-17 Price Changed $35,000 CRMLS
• 2026-03-12 Listed $54,900 CRMLS

Property tax history

+7.0%/yr

Latest (2025): $189 · +7.0% YoY. Source: county tax records.