Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveCondominium

1211 Cabrillo 304

Torrance, CA, 90501

1 / 6View all 6 photos

$424,900

MLS: IG26038818

Beds

1

Baths

1

Sq Ft

560

Lot

0.32 ac

Year Built

1993

MLS #

IG26038818

Days on Market

1

Listed

Feb 26, 2026

Description

Welcome to this beautifully updated 1-bedroom, 1-bath condo located in the heart of Old Torrance. This move-in-ready home features new vinyl flooring, new baseboards, modern light fixtures, updated hardware, and brand-new appliances throughout. Enjoy a prime location just steps from popular restaurants, shops, and local amenities, with convenient access to everything Torrance has to offer. Perfect for a first-time buyer, or anyone looking for a low-maintenance lifestyle in a desirable neighborhood. The City of Torrance must approve the transfer of ownership of this property to ensure that the buyer’s household income and the monthly housing expenses comply with the Agreement. A potential buyer income must be at or below the moderate household income set by California Housing and Community Development Department for Los Angeles County, which are as follows for 2025: 1 person household-$82,500, 2 person household-$94,300, 3 person household-$106,050, 4 person household-$117,850. ( numbers subject to change )

Location

Torrance, Los Angeles County, CA 90501

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Listed by: Daniel Sievers · eXp Realty of Southern California

Payment estimate

$3,252

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $42,490 · Loan: $382,410

%
Principal & Interest
$2,350
Property tax (1.25%)
$443
Homeowners insurance
$300
Mortgage insurance
$159
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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 $14,872 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.

Local Market Stats

See Torrance, CA 90501 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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