1024 Cranbrook Avenue
Torrance, CA, 90503
$1,100,000
MLS: SB26062832
Beds
3
Baths
2
Sq Ft
1,577
Lot
0.12 ac
Year Built
1951
MLS #
SB26062832
Days on Market
8
Listed
Mar 25, 2026
Description
Welcome to this charming home located in the desirable Torrance Gardens neighborhood! This 3-bedroom, 2-bath residence offers a warm and inviting atmosphere with timeless character and incredible potential. Step through the entry into a cozy living room featuring a fireplace, perfect for relaxing evenings. Original hardwood floors add natural beauty and elegance throughout the home. The adjacent dining area opens to the backyard through classic French doors, creating a seamless indoor-outdoor flow. The light-filled kitchen offers a lovely view of the backyard and includes a quaint eat-in nook—ideal for casual meals and morning coffee. While the home could use a little TLC, it presents a wonderful opportunity to make it your own. A comfortable den showcases a distinctive ornate rug, adding unique charm and character. Additional highlights include a new stackable washer and dryer, well-sized bedrooms, and two bathrooms for convenience. Enjoy a private backyard retreat featuring a lemon tree and a covered patio area—perfect for outdoor dining or entertaining. The property also includes an attached single-car garage. Ideally located close to shopping, freeways, and award-winning Torrance schools, this home combines classic appeal, a great location, and endless possibilities. Don’t miss this opportunity to create your dream home in one of Torrance’s most sought-after neighborhoods!
Location
Torrance, Los Angeles County, CA 90503
Open on Google Maps ↗Listed by: Tawna Burnett · Berkshire Hathaway HomeServices California Properties
Payment estimate
$7,941
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $110,000 · Loan: $990,000
- Principal & Interest
- $6,083
- Property tax (1.25%)
- $1,146
- Homeowners insurance
- $300
- Mortgage insurance
- $413
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Torrance home with as little as 3.5% down using an FHA loan — roughly $38,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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