3960 Pacific Coast Hwy Torrance, CA 90505

$3,000,000 Sold Price as of 02/15/2017

-- Beds
-- Baths
7,706 Sq.Ft.

Off Market

$3,000,000 Sold Price as of 02/15/2017 Refinance Your Mortgage

Map preview of 3960 Pacific Coast Hwy, Torrance, CA 90505

Property Overview: 3960 Pacific Coast Hwy Torrance, CA has -- bedrooms, -- bathrooms, 7,706 living square feet and 20,337 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

3960 Pacific Coast Hwy is currently an off market home in the city of Torrance. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Torrance has a median list price of $995,000. The median price per/sqft for Torrance is $667. With those numbers in mind, if you are looking to purchase a median priced home in Torrance, CA and put 20% down you will need to save up $199,000 for the down payment and will need roughly $19,900 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Torrance the commission could be as much as $55,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 3960 Pacific Coast Hwy

Last sold for $3,000,000 on February 15th, 2017

February, 2017
Feb 15, 2017

Date

Sold (Public Records)

Public Records

$3,000,000

Price
May, 2016
May 29, 2016

Date

Price Change

CRMLS: WS16064214

$3,250,000

Price
Mar 29, 2016

Date

Price Change

CRMLS: WS16064214

$3,500,000

Price
Listing provided courtesy of CRMLS

A rare value-add opportunity on a prime Torrance location. This highly desirable location consists of an existing motel (Driftwood Motel) which consists of 7700 sqft of existing improvements on over 20,000 sqft (0.5 acres) lot. The operating Motel consist of 23 Rooms, pool and ample parking area. The property consists of 1 parcel. Investors have the opportunity of re-positioning the current improvements and continue as a Motel or redeveloped the property for a different use. There is an unlimited of uses that one would develop on this site. The parcel is zoned R4, which allows for a wide range of redevelopment opportunities. It is situated a mile from the Ocean and renowned Beaches, half a mile from Torrance Airport and has the high traffic on Pacific Coast Hwy. The traffic count consist of +/- 40,000 cars per day (2006). The area supports numerous restaurants, shopping centers, retail shops, grocery stores, and recreation facilities within minutes away. Major shopping centers located within couple miles from the proposed site include: Del Amo Fashion Center & The Galleria Shopping Mall. These venues contain hundreds of retail spaces and is home to cinemas, boutiques, specialty stores, restaurants, Cafés, Theaters, Target Costco and many more.

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December, 1998
Dec 30, 1998

Date

Sold (Public Records)

Public Records

$370,000

Price

Tax History for 3960 Pacific Coast Hwy

Assessed Value (2020): $3,183,623

Year	Land Value	Improved Value	Assessed Value
2020	$1,697,932	$1,485,691	$3,183,623

About 3960 Pacific Coast Hwy

Detailed summary of property

3960 Pacific Coast Hwy is categorized with a use code of Motel in Torrance, CA 90505 and last sold on February 15, 2017 for $3,000,000. This property has -- bedrooms, -- bathrooms, roughly 7,706 living square feet, and sits on an approximately 20,337 square foot lot. Homes in Torrance are selling for a median price of $1,100,000 and a median price per square foot of $708. Based on Ardent Real Estate Group's Torrance Market Data, this home is sold 172.73% higher than the current median priced home. 3960 Pacific Coast Hwy was last sold on February 15, 2017 for $3,000,000. Local nearby listings include 632 E 135th St, 2025 W Wilma Pl and 12921 Cook St. The average home in Torrance, CA is selling in 26 days. There are currently 189 homes for sale in the Torrance real estate market and 130 of them are single family homes while 37 of them are condos and 22 are townhomes. If you are the homeowner and looking to sell the home at 3960 Pacific Coast Hwy Torrance, CA 90505 contact Ardent Real Estate Group and we will put you in touch with one of our Torrance agents.

Public Facts for 3960 Pacific Coast Hwy

Public county record property details

Beds: --
Baths: --
Year built: 1976
Sq. Ft.: 7,706
Lot Size: 20,337
Stories: 1

Type: Motel
Pool: Yes
Spa: No
County: Los Angeles
Lot#: 9
APN: 7534-006-022

The source for these homes facts are from public records.

90505 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,390,000

Median List Price/Sq.Ft.

$774

Median Sold Price

$1,295,000

Median Sold Price/Sq.Ft.

$739

Total Inventory

Median Sale to List Price %

107.92%

Avg Days on Market

Loan Type

Conventional (30.77%), FHA (0%), VA (0%), Cash (38.46%), Other (23.08%)

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