18244 Ashley
Torrance, CA, 90504
$950,000
MLS: SB26037904
Beds
3
Baths
2
Sq Ft
1,353
Lot
0.15 ac
Year Built
1950
MLS #
SB26037904
Days on Market
11
Listed
Mar 8, 2026
Description
Build Your Future at 18244 Ashley – R-2 Lot & Probate with Full Authority Looking for a home with built-in equity and growth potential? Welcome to 18244 Ashley Avenue. This North Torrance gem sits on an R-2 zoned lot, legally allowing for a second detached residence—a common and highly valued feature in this specific neighborhood. Offered as a Probate Sale with Full Authority, this transaction is straightforward and ready for a savvy buyer. The property currently features a well-maintained home with a classic floor plan and an expansive, sun-drenched backyard. With the R-2 designation, you have the flexibility to build a "back house" for extended family or create a lucrative rental income stream. Highlights: * R-2 Zoning: Rare "two-on-a-lot" potential. * Full Authority Probate: Fast, easy closing; no court confirmation. * Prime Location: Walking distance to the trails and cherry blossoms of Columbia Park. * Torrance Schools: Access to one of the most desirable school districts in SoCal. Buyer to investigate for themselves. Home is being sold in its current present condition
Location
Torrance, Los Angeles County, CA 90504
Open on Google Maps ↗Listed by: Eric Baskett · Century 21 Coastal Properties
Payment estimate
$6,899
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $95,000 · Loan: $855,000
- Principal & Interest
- $5,253
- Property tax (1.25%)
- $990
- Homeowners insurance
- $300
- Mortgage insurance
- $356
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 $33,250 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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