2940 W Carson St UNIT 213, Torrance, CA, 90503 | $16/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2940 W Carson St UNIT 213, Torrance, CA, 90503 | $16/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Torrance at 2940 W Carson St UNIT 213, Torrance, CA, 90503 earns $16/mo cash flow from $3,722/mo rent with a $2,932/mo payment. Total monthly income totals $3,722/mo, and annual cash flow totals $195/yr on $197,071 capital. ROI tracks 20.16% on current figures, and rental yield reads 7.46% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 104.16% and total cumulative return in cash sums $205,270. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,722/mo property income instead of your personal income.

Condo

Built in 1962

2.80 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to the ideal turn-key condo in Torrance. This mid-century modern single level condo is chock full of charm and character, located in the Merit Carson HOA, a centrally-located and well-ran community just walking distance to amenities like the Del Amo Mall, Madrona Marsh, and so many vibrant eateries and establishments that make Central Torrance the place to be. Safe and quiet neighborhood, located close to the Torrance Police Department and the Fire Department. Enter this coveted location in the complex from the back side (the quiet side), furthest away from Carson St. This unit is a prized upper corner unit, and the largest 2-bedroom model within Merit Carson. The community courtyard displays the superb management of the complex, with manicured grounds filled with lush landscaping and blooming flowers, creating a serene atmosphere for living. The unit has been updated with composite flooring, dual pane windows, a and a new electrical panel, all bringing this charming home up to modern standards, while keeping the original mid-century charm. The vintage features include original finishes that have been meticulously maintained and brought back to life, along with pristine vintage kitchen appliances. Each of the large bedrooms radiates with natural light from the large windows. Huge bedroom closets and the hallway cabinets provide plenty of storage, rarely seen for a condo of this size. The unit has a dedicated water heater, 1 covered parking space, plus storage. Low HOA dues and superior management too!

Neighborhood Data

Neighborhood data shown for ZIP Code: 90503, Torrance, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,386 (100%)
Owner Occupied HU	8,948 (48.7%)
Renter Occupied HU	8,776 (47.7%)
Vacant Housing Units	662 ( 3.6%)
Median Home Value	$1,016,792
Average Home Value	$1,090,130