23701 Western Ave S #121 · Torrance, CA 90501

$137,500

3 bd · 2.0 ba · 960 sqft · Manufactured public records · 10 Days on market

Built 1971 Good condition $143/sqft · 36% above area Est $101k · 36% over

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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
• Schools +5.9/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Rent growth +3.3/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautifully fully renovated 3-bedroom, 2-bath manufactured home that is truly move-in ready. Step inside to a bright, open-concept layout featuring brand-new tile and flooring, fresh interior paint, and modern finishes throughout. The stunning kitchen shines with new quartz countertops, sleek cabinetry, and an open flow perfect for entertaining. Both bathrooms have been thoughtfully updated with new vanities and contemporary finishes, offering a clean, modern feel. Located in a well-maintained community with two swimming pools and on-site laundry facilities, this home also offers convenient access to nearby freeways, making commuting a breeze. Stylish, spacious, and turn-key—this is a home you don’t want to miss.

Key facts

• Two swimming pools
• Natural light
• Open layout

Tags

• OPEN LAYOUT
• LARGE QUARTZ ISLAND
• NEW CABINETS
• NATURAL LIGHT
• GENEROUS-SIZED CLOSETS
• TWO SWIMMING POOLS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $138k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $2k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $138k).
• Cap rate 19.5% 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 lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 40% 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 $951 of loan paydown is wiped out by about $4k 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 $38k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 5y ago; this cycle's ask has dropped $18k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $52k; list at $138k implies a 167% gain — meaningful room to come down on a strong offer.

Recommended offer $137,500

Questions for the listing agent

1. Built in 1971 — 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: 2.26% ✓
• Cap rate: 19.45%
• Cash-on-cash: 47.01%
• DSCR: 3.09
• GRM: 3.7

CMA / ARV

• ARV (median comp): $101,103
• List price: $137,500
• Delta: 36.00%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
23701 Western #258	0.00mi	3/1.0	960 (0%)	11mo	$73,000	$76	87
23701 S Western #247	0.00mi	2/1.0 (-1)	950 (-1%)	6mo	$39,000	$41	84
23701 S Western Ave #259	0.01mi	2/1.0 (-1)	900 (-6%)	2mo	$42,500	$47	79
23701 S Western Ave #213	0.00mi	3/2.0	1,009 (+5%)	15mo	$149,600	$148	79
23701 S Western Ave #200	0.00mi	2/2.0 (-1)	936 (-2%)	15mo	$130,000	$139	78
23701 S Western Ave #7	0.08mi	3/2.0	1,040 (+8%)	11mo	$144,000	$138	74
23701 S Western Ave #130	0.01mi	2/2.0 (-1)	846 (-12%)	4mo	$184,201	$218	72
23701 S Western Ave #231	0.00mi	3/2.0	1,080 (+12%)	10mo	$95,000	$88	71
23701 S Western Ave #202	0.00mi	2/2.0 (-1)	1,037 (+8%)	13mo	$180,900	$174	71
23701 S Western Ave #45	0.00mi	2/2.0 (-1)	840 (-12%)	6mo	$69,900	$83	69
24200 Walnut #62	0.23mi	3/2.0	1,040 (+8%)	14mo	$80,000	$77	64
2103 245th St #7	0.62mi	2/2.0 (-1)	852 (-11%)	1mo	$225,000	$264	47

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: 44.6%
• Equity multiple: 2.94×
• Total profit: $74,603
• Equity at exit: $20,502

10-year hold

• IRR: 50.7%
• Equity multiple: 5.99×
• Total profit: $192,072
• Equity at exit: $11,888

Cash invested: $38,500 (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: 3.7×

Monthly cashflow live

• Estimated rent: $3,112 high
• Mortgage (P&I): −$721
• Tax est. 1.5%: −$172 /mo · $2,062/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$653
• Net cashflow: $1,508

Break-even live

Break-even rent $1,203

Max offer price $137,500

Occupancy floor 47%

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: $34,375
• Closing costs: $4,125
• 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	24d	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	2.0	1050	$3,650	$3.48	21d	1	0.67mi
1567 W 228th St Torrance, CA	2.0	2.0	990	$3,200	$3.23	44d	1	0.68mi
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 Torrance, CA	2.0	2.0	1100	$3,295	$3.00	44d	1	0.81mi
2757 Andreo Ave Unit 6 Torrance, CA	2.0	2.0	1100	$2,933	$2.67	3d	1	0.81mi
2757 Andreo Ave Unit 5 Torrance, CA	2.0	2.0	1100	$2,933	$2.67	22d	1	0.81mi
2757 Andreo Ave Unit 3 Torrance, CA	2.0	2.0	1100	$2,933	$2.67	11d	1	0.81mi
2757 Andreo Ave Unit 3 Torrance, CA	2.0	1.5	1100	$2,933	$2.67	3d	1	0.81mi
2757 Andreo Ave Unit 5 Torrance, CA	2.0	1.5	1100	$2,993	$2.72	11d	1	0.81mi
1318 W 227th St Torrance, CA	2.0	1.0	640	$2,250	$3.52	44d	1	0.88mi
1318 W 227th St Torrance, CA	2.0	1.0	640	$2,250	$3.52	1d	1	0.88mi
1533 Plaza del Amo Unit 4 Torrance, CA	2.0	1.0	978	$2,650	$2.71	4d	1	0.88mi
25110 Eshelman Ave Lomita, CA	2.0	1.5	800	$2,245	$2.81	10d	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	$5,036	$5.74	2d	14	1.02mi
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	4d	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	3d	5	1.15mi
1611 W 221st St Torrance, CA	2.0	1.5	650	$2,600	$4.00	44d	1	1.19mi
806 Coriander Dr Unit H Torrance, CA	2.0	2.0	829	$2,500	$3.02	24d	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	18d	1	1.24mi
1648 255th St W Harbor City, CA	2.0	2.0	800	$3,400	$4.25	44d	1	1.24mi
23318 Sesame St Unit H Torrance, CA	2.0	2.0	852	$2,595	$3.05	22d	1	1.27mi
1903 Cabrillo Ave Unit C Torrance, CA	2.0	1.0	700	$2,700	$3.86	44d	1	1.31mi
2635 W 235th St Unit 8890A Torrance, CA	2.0	1.5	1073	$4,120	$3.84	44d	1	1.31mi
2639 W 235th St Unit 11270A Torrance, CA	2.0	2.0	1073	$4,260	$3.97	44d	1	1.33mi
2655 W 235th St Unit 11106A Torrance, CA	2.0	1.0	997	$4,170	$4.18	44d	1	1.36mi
1565 W 218th St Torrance, CA	2.0	1.0	728	$2,700	$3.71	44d	1	1.43mi

Listing history 22 events

1. 2026-06-18
   days on market $137,500 Active 10 DOM
2. 2026-06-17
   days on market $137,500 Active 9 DOM
3. 2026-06-16
   days on market $137,500 Active 8 DOM
4. 2026-06-15
   days on market $137,500 Active 7 DOM
5. 2026-06-13
   days on market $137,500 Active 5 DOM
6. 2026-06-13
   days on market $137,500 Active 4 DOM
7. 2026-06-09
   days on marketlisting id $137,500 Active 1 DOM
8. 2026-06-03
   days on market $137,500 Active 144 DOM
9. 2026-06-02
   days on market $137,500 Active 143 DOM
10. 2026-06-01
    days on market $137,500 Active 142 DOM
11. 2026-05-31
    days on market $137,500 Active 141 DOM
12. 2026-05-08
    price $137,500 755-char remark

    Show marketing remark (755 chars)

    Welcome home to this beautifully fully renovated 3-bedroom, 2-bath manufactured home that is truly move-in ready. Step inside to a bright, open-concept layout featuring brand-new tile and flooring, fresh interior paint, and modern finishes throughout. The stunning kitchen shines with new quartz countertops, sleek cabinetry, and an open flow perfect for entertaining. Both bathrooms have been thoughtfully updated with new vanities and contemporary finishes, offering a clean, modern feel. Located in a well-maintained community with two swimming pools and on-site laundry facilities, this home also offers convenient access to nearby freeways, making commuting a breeze. Stylish, spacious, and turn-key—this is a home you don’t want to miss.

13. 2026-04-03
    price $149,900 755-char remark

    Show marketing remark (755 chars)

    Welcome home to this beautifully fully renovated 3-bedroom, 2-bath manufactured home that is truly move-in ready. Step inside to a bright, open-concept layout featuring brand-new tile and flooring, fresh interior paint, and modern finishes throughout. The stunning kitchen shines with new quartz countertops, sleek cabinetry, and an open flow perfect for entertaining. Both bathrooms have been thoughtfully updated with new vanities and contemporary finishes, offering a clean, modern feel. Located in a well-maintained community with two swimming pools and on-site laundry facilities, this home also offers convenient access to nearby freeways, making commuting a breeze. Stylish, spacious, and turn-key—this is a home you don’t want to miss.

14. 2026-01-10
    listed $155,000 Active 755-char remark

    Show marketing remark (755 chars)

    Welcome home to this beautifully fully renovated 3-bedroom, 2-bath manufactured home that is truly move-in ready. Step inside to a bright, open-concept layout featuring brand-new tile and flooring, fresh interior paint, and modern finishes throughout. The stunning kitchen shines with new quartz countertops, sleek cabinetry, and an open flow perfect for entertaining. Both bathrooms have been thoughtfully updated with new vanities and contemporary finishes, offering a clean, modern feel. Located in a well-maintained community with two swimming pools and on-site laundry facilities, this home also offers convenient access to nearby freeways, making commuting a breeze. Stylish, spacious, and turn-key—this is a home you don’t want to miss.

15. 2026-01-03
    status Active
16. 2026-01-01
    listed $154,900 Active
17. 2021-11-12
    soldstatus $51,500 Closed Sale
18. 2021-08-27
    status Pending Sale
19. 2021-08-13
    status Active
20. 2021-08-09
    status Pending Sale
21. 2021-08-07
    price $50,000
22. 2021-07-16
    listed $55,000 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 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: $37,342
• − Mortgage interest: −$7,702
• − Property taxes: −$2,062
• − Insurance: −$688
• − Repairs & maintenance: −$2,987
• − Management: −$2,987
• − Depreciation: −$4,000
• Taxable income: $16,915
• Est. tax owed @ 24.0%: −$4,060
• After-tax cash flow: $14,038/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 · 12 photos

Good 80/100 Cosmetic rehab

This fully renovated 3-bedroom, 2-bath mobile home is move-in ready with a bright, open layout and modern finishes throughout. The home is in good condition with no visible repairs needed, making it an excellent investment opportunity.

Value-add opportunities

• Both Painting the exterior — Enhances curb appeal and can increase both resale and rental value.
• Both Landscaping the front yard — Improves curb appeal and can increase both resale and rental value.
• Both Adding a smart home system — Enhances convenience and can increase both resale and rental value.
• Both Upgrading the appliances — Can increase both resale and rental value by making the home more modern and appealing to potential buyers/tenants.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior — Enhances curb appeal and can increase both resale and rental value. ↑
• Both Landscaping the front yard — Improves curb appeal and can increase both resale and rental value. ↑
• Both Adding a smart home system — Enhances convenience and can increase both resale and rental value. ↑
• Both Upgrading the appliances — Can increase both resale and rental value by making the home more modern and appealing to potential buyers/tenants. ↑

ⓘ 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): 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

+150.0% since first listed

11 events — show timeline

• 2026-05-08 Price Changed $137,500 CRMLS
• 2026-04-03 Price Changed $149,900 CRMLS
• 2026-01-10 Listed $155,000 CRMLS
• 2026-01-03 Relisted — CRMLS
• 2026-01-01 Listed $154,900 CRMLS
• 2021-11-12 Sold (MLS) $51,500 CRMLS
• 2021-08-27 Pending — CRMLS
• 2021-08-13 Relisted — CRMLS
• 2021-08-09 Pending — CRMLS
• 2021-08-07 Price Changed $50,000 CRMLS
• 2021-07-16 Listed $55,000 CRMLS

Property tax history

+7.5%/yr

Latest (2025): $221 · +7.5% YoY. Source: county tax records.