24200 Walnut St #34 · Torrance, CA 90501

$139,999

3 bd · 2.0 ba · 1,140 sqft · Manufactured public records · 156 Days on market

Built 2003 Good condition $123/sqft · 32% above area Est $106k · 32% over ↓ 20% 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
• 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 to knolls Lodge in Torrance! We are delighted to present this stunningly remodeled mobile home, featuring three spacious bedrooms and two modern bathrooms, now available for sale. This home is move-in ready, ensuring a seamless transition for you and your family. Key Features: - Modern Design: Enjoy the fresh and stylish interior that has been thoughtfully updated to meet today’s standards. - Spacious Layout: With three generous bedrooms, there is plenty of room for relaxation and privacy. - Two Bathrooms: Convenient and functional, allowing for ease during busy mornings or when entertaining guests. - Parking Spaces: This property comes with dedicated parking spaces for your convenience. Nestled within the friendly community of knolls Lodge, you'll enjoy easy access to local amenities and pool. For more information or to schedule a viewing, please contact us today. Don't miss this opportunity to make this beautiful mobile home your own!

Key facts

• Community pool
• Built 2003
• Listed 156 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $140k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.2% 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 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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 42% 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 $968 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 $39k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 156 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.

Recommended offer $123,199 (12.0% below list)

Questions for the listing agent

1. It's been on market 156 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.34% ✓
• Cap rate: 21.20%
• Cash-on-cash: 53.23%
• DSCR: 3.37
• GRM: 3.6

CMA / ARV

• ARV (median comp): $106,037
• List price: $139,999
• Delta: 32.03%
• Verdict: OVERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24200 Walnut St #50	0.04mi	3/2.0	1,140 (0%)	13mo	$225,000	$197	87
24200 Walnut St #64	0.04mi	3/2.0	1,108 (-3%)	11mo	$210,000	$190	84
23701 S Western Unit 78A	0.26mi	3/2.0	1,176 (+3%)	1mo	$160,000	$136	82
23701 S Western Ave #221	0.26mi	2/2.0 (-1)	1,140 (0%)	2mo	$85,000	$75	81
23701 S Western Ave #262	0.30mi	3/2.0	1,152 (+1%)	10mo	$154,900	$134	76
24200 Walnut #62	0.04mi	3/2.0	1,040 (-9%)	14mo	$80,000	$77	72
23701 S Western Ave #231	0.26mi	3/2.0	1,080 (-5%)	10mo	$95,000	$88	71
23701 S Western Ave #172	0.26mi	3/2.0	1,232 (+8%)	7mo	$115,000	$93	69
23701 S Western Ave #7	0.28mi	3/2.0	1,040 (-9%)	11mo	$144,000	$138	63
23701 S Western Ave #202	0.26mi	2/2.0 (-1)	1,037 (-9%)	13mo	$180,900	$174	58
23701 S Western Ave #213	0.26mi	3/2.0	1,009 (-12%)	15mo	$149,600	$148	56
23701 S Western Ave #241	0.26mi	3/2.0	1,000 (-12%)	22mo	$155,000	$155	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 · 3.25% rent growth · sell at horizon

5-year hold

• IRR: 51.6%
• Equity multiple: 3.27×
• Total profit: $88,873
• Equity at exit: $20,874

10-year hold

• IRR: 57.0%
• Equity multiple: 6.70×
• Total profit: $223,327
• Equity at exit: $12,105

Cash invested: $39,200 (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: 3.6×

Monthly cashflow live

• Estimated rent: $3,281 high
• Mortgage (P&I): −$734
• Tax from tax record: −$60 /mo · $724/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$689
• Net cashflow: $1,739

Break-even live

Break-even rent $1,080

Max offer price $139,999

Occupancy floor 42%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1802 247th St Unit 1802 Lomita, CA	2.0	1.0	800	$3,200	$4.00	43d	1	0.37mi
24636 Eshelman Ave Lomita, CA	2.0	1.0	950	$2,950	$3.11	5d	1	0.38mi
24638 Eshelman Ave Unit 1/4 Lomita, CA	2.0	1.0	950	$2,950	$3.11	43d	1	0.39mi
2124 W 238th St Unit A Torrance, CA	2.0	2.0	750	$3,600	$4.80	17d	1	0.43mi
2128 W 238th St Unit A Torrance, CA	2.0	2.0	750	$3,500	$4.67	43d	1	0.44mi
24223 Ambassador Pl Harbor City, CA	3.0	2.0	1208	$3,800	$3.15	5d	1	0.45mi
2174 1st St Unit 237th St unit Torrance, CA	2.0	1.0	800	$2,500	$3.12	24d	1	0.56mi
25018 Eshelman Ave Unit 9 Lomita, CA	2.0	2.5	1400	$3,295	$2.35	24d	1	0.60mi
25018 Eshelman Ave Lomita, CA	2.0	2.5	1400	$3,295	$2.35	43d	1	0.61mi
1732 251st St Lomita, CA	3.0	1.0	1200	$4,000	$3.33	43d	1	0.66mi
25110 Eshelman Ave Lomita, CA	2.0	1.5	800	$2,245	$2.81	10d	1	0.67mi
25021 Oak St Lomita, CA	3.0	2.0	1281	$3,995	$3.12	7d	1	0.69mi
24836 Narbonne Ave Lomita, CA	2.0	1.0	740	$2,995	$4.05	43d	1	0.71mi
2222 248th St Unit 2228 Lomita, CA	3.0	2.0	1199	$3,200	$2.67	7d	1	0.72mi
1918 252nd St Lomita, CA	3.0	2.0	1488	$3,900	$2.62	43d	1	0.73mi
1435 Lomita Blvd #105 Harbor City, CA	3.0	2.0	1260	$3,250	$2.58	43d	1	0.73mi
25326 Oak St Unit 1 Lomita, CA	3.0	2.0	1300	$3,650	$2.81	43d	1	0.88mi
1311 Sepulveda Blvd Torrance, CA	2.0	2.0	1050	$3,650	$3.48	20d	1	0.90mi
2457 Lomita Blvd Lomita, CA	2.0	1.0–2.0	878	$5,036	$5.74	2d	14	0.93mi
1800 255th St Unit 1812-A Lomita, CA	2.0	1.0	750	$2,145	$2.86	43d	1	0.95mi
1567 W 228th St Torrance, CA	2.0	2.0	990	$3,200	$3.23	43d	1	0.96mi
24410 Crenshaw Blvd Torrance, CA	2.0	2.0	1010	$2,795	$2.77	4d	1	0.97mi
1648 255th St W Harbor City, CA	2.0	2.0	800	$3,400	$4.25	43d	1	0.99mi
25205 Cypress St Unit 3 Lomita, CA	3.0	2.5	1397	$3,395	$2.43	43d	1	1.00mi
2757 Andreo Ave Unit 5 Torrance, CA	2.0	1.5	1100	$2,993	$2.72	11d	1	1.04mi
2757 Andreo Ave Unit 3 Torrance, CA	2.0	1.5	1100	$2,933	$2.67	3d	1	1.04mi
2757 Andreo Ave Unit 5 Torrance, CA	2.0	2.0	1100	$2,933	$2.67	22d	1	1.04mi
2757 Andreo Ave Unit 3 Torrance, CA	2.0	2.0	1100	$2,933	$2.67	11d	1	1.04mi
2757 Andreo Ave Unit 6 Torrance, CA	2.0	2.0	1100	$2,933	$2.67	3d	1	1.04mi
2757 Andreo Ave Torrance, CA	2.0	2.0	1100	$3,295	$3.00	43d	1	1.04mi
1612 226th St Unit B Torrance, CA	2.0	1.0	850	$2,650	$3.12	43d	1	1.06mi
1570 W 226th St Torrance, CA	3.0	2.0	1200	$3,750	$3.12	22d	1	1.08mi
1115 252nd St Unit 6 Harbor City, CA	2.0	1.0	1250	$1,999	$1.60	43d	1	1.08mi
22919 Mariposa Ave Torrance, CA	2.0–3.0	2.5–4.0	1480	$4,000	$2.70	43d	2	1.13mi
2525 W 235th St Unit 10656A Torrance, CA	2.0	1.5	1073	$4,210	$3.92	43d	1	1.14mi
1533 Plaza del Amo Unit 4 Torrance, CA	2.0	1.0	978	$2,650	$2.71	4d	1	1.16mi
22423 Harvard Blvd Torrance, CA	3.0	1.0	1150	$3,750	$3.26	5d	1	1.17mi
2545 W 235th St Torrance, CA	2.0	1.0–1.5	984	$3,325	$3.38	3d	5	1.17mi
2758 Orange Ave Unit 10 Torrance, CA	2.0	1.5	950	$2,800	$2.95	12d	1	1.19mi
25822 Walnut St Lomita, CA	2.0	1.0	900	$2,350	$2.61	43d	1	1.19mi

Listing history 18 events

1. 2026-06-18
   days on market $139,999 Active 156 DOM
2. 2026-06-17
   days on market $139,999 Active 155 DOM
3. 2026-06-16
   days on market $139,999 Active 154 DOM
4. 2026-06-15
   days on market $139,999 Active 153 DOM
5. 2026-06-13
   days on market $139,999 Active 151 DOM
6. 2026-06-13
   days on market $139,999 Active 150 DOM
7. 2026-06-09
   days on market $139,999 Active 147 DOM
8. 2026-06-08
   days on market $139,999 Active 146 DOM
9. 2026-06-07
   days on market $139,999 Active 145 DOM
10. 2026-06-04
    days on market $139,999 Active 142 DOM
11. 2026-06-03
    days on market $139,999 Active 141 DOM
12. 2026-06-02
    days on market $139,999 Active 140 DOM
13. 2026-06-01
    days on market $139,999 Active 139 DOM
14. 2026-05-31
    days on market $139,999 Active 138 DOM
15. 2026-04-14
    price $139,999 966-char remark

    Show marketing remark (966 chars)

    Welcome to knolls Lodge in Torrance! We are delighted to present this stunningly remodeled mobile home, featuring three spacious bedrooms and two modern bathrooms, now available for sale. This home is move-in ready, ensuring a seamless transition for you and your family. Key Features: - Modern Design: Enjoy the fresh and stylish interior that has been thoughtfully updated to meet today’s standards. - Spacious Layout: With three generous bedrooms, there is plenty of room for relaxation and privacy. - Two Bathrooms: Convenient and functional, allowing for ease during busy mornings or when entertaining guests. - Parking Spaces: This property comes with dedicated parking spaces for your convenience. Nestled within the friendly community of knolls Lodge, you'll enjoy easy access to local amenities and pool. For more information or to schedule a viewing, please contact us today. Don't miss this opportunity to make this beautiful mobile home your own!

16. 2026-03-31
    price $150,000 966-char remark

    Show marketing remark (966 chars)

    Welcome to knolls Lodge in Torrance! We are delighted to present this stunningly remodeled mobile home, featuring three spacious bedrooms and two modern bathrooms, now available for sale. This home is move-in ready, ensuring a seamless transition for you and your family. Key Features: - Modern Design: Enjoy the fresh and stylish interior that has been thoughtfully updated to meet today’s standards. - Spacious Layout: With three generous bedrooms, there is plenty of room for relaxation and privacy. - Two Bathrooms: Convenient and functional, allowing for ease during busy mornings or when entertaining guests. - Parking Spaces: This property comes with dedicated parking spaces for your convenience. Nestled within the friendly community of knolls Lodge, you'll enjoy easy access to local amenities and pool. For more information or to schedule a viewing, please contact us today. Don't miss this opportunity to make this beautiful mobile home your own!

17. 2026-03-04
    price $159,000 966-char remark

    Show marketing remark (966 chars)

    Welcome to knolls Lodge in Torrance! We are delighted to present this stunningly remodeled mobile home, featuring three spacious bedrooms and two modern bathrooms, now available for sale. This home is move-in ready, ensuring a seamless transition for you and your family. Key Features: - Modern Design: Enjoy the fresh and stylish interior that has been thoughtfully updated to meet today’s standards. - Spacious Layout: With three generous bedrooms, there is plenty of room for relaxation and privacy. - Two Bathrooms: Convenient and functional, allowing for ease during busy mornings or when entertaining guests. - Parking Spaces: This property comes with dedicated parking spaces for your convenience. Nestled within the friendly community of knolls Lodge, you'll enjoy easy access to local amenities and pool. For more information or to schedule a viewing, please contact us today. Don't miss this opportunity to make this beautiful mobile home your own!

18. 2026-01-13
    listed $175,000 Active 966-char remark

    Show marketing remark (966 chars)

    Welcome to knolls Lodge in Torrance! We are delighted to present this stunningly remodeled mobile home, featuring three spacious bedrooms and two modern bathrooms, now available for sale. This home is move-in ready, ensuring a seamless transition for you and your family. Key Features: - Modern Design: Enjoy the fresh and stylish interior that has been thoughtfully updated to meet today’s standards. - Spacious Layout: With three generous bedrooms, there is plenty of room for relaxation and privacy. - Two Bathrooms: Convenient and functional, allowing for ease during busy mornings or when entertaining guests. - Parking Spaces: This property comes with dedicated parking spaces for your convenience. Nestled within the friendly community of knolls Lodge, you'll enjoy easy access to local amenities and pool. For more information or to schedule a viewing, please contact us today. Don't miss this opportunity to make this beautiful mobile home your own!

ⓘ 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: $724 · $60/mo
• Projected year-2 tax: $1,064 · $89/mo
• Expected delta: +$340/yr (+$28/mo · 46.9%)

ⓘ 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: $39,369
• − Mortgage interest: −$7,842
• − Property taxes: −$724
• − Insurance: −$700
• − Repairs & maintenance: −$3,149
• − Management: −$3,149
• − Depreciation: −$4,073
• Taxable income: $19,731
• Est. tax owed @ 24.0%: −$4,735
• After-tax cash flow: $16,132/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 remodeled mobile home is move-in ready with modern updates and a good condition score, making it an attractive investment.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value
• Both Replace light fixtures — Modernizes and improves lighting
• Both Install smart home devices — Improves convenience and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior siding — Enhances curb appeal and value ↑
• Both Replace light fixtures — Modernizes and improves lighting ↑
• Both Install smart home devices — Improves convenience and energy efficiency ↑

ⓘ 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

-20.0% since first listed

4 events — show timeline

• 2026-04-14 Price Changed $139,999 CRMLS
• 2026-03-31 Price Changed $150,000 CRMLS
• 2026-03-04 Price Changed $159,000 CRMLS
• 2026-01-13 Listed $175,000 CRMLS

Property tax history

+4.3%/yr

Latest (2025): $724 · +4.3% YoY. Source: county tax records.