3929 W 242nd Street, Torrance, CA 90505
Property
For sale now
3929 W 242nd Street is on the market at $14,950,000. See the current listing →
Sold February 2018
Listing Agent: Stephen Lampe (DRE #01164364) · Listing Office: Re/Max Commercial & Investment · Contact: 310 802-2500 · Bought with: Lee Knickerbocker · Re/Max Estate Properties · MLS #SB18011663 · Source: CRMLS
How this sale compares
3929 W 242nd Street sold for $15,000,000 in February 2018, at its full list price, after 19 days on the market. Across 151 closed sales in 90505 over the last 12 months, the median sold price is $1,460,000 and the median is $793 per square foot.
| Quarter | Closed sales in 90505 | Median sold price |
|---|---|---|
| Q1 2026 | 11 | $1,345,000 |
| Q2 2026 | 76 | $1,505,000 |
| Q3 2026 | 64 | $1,405,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Torrance · Homes for sale in 90505
About this property
The Palms is a 48 unit apartment complex located just two blocks South of Pacific Coast Highway (PCH) in the Walteria neighborhood of South Torrance at the foothills of the Palos Verdes Peninsula immediately adjacent to Palos Verdes Estates and Rolling Hills Estates. 2 miles due west is one of Southern California’s most popular beaches, Redondo Beach and Redondo Village (Redondo’s downtown of retail shops and eateries), allowing The Palms residents to enjoy all the benefits of living in a beach city. An astute investor will realize the benefits of owning an asset that is essentially in a beach city, without paying the premium of a beach city asset. The median household income within a 1, 3 and 5 mile radius of the property ranges from $80,000 to $87,000 per year. Five streets to the south, the average annual income of Palos Verdes Estates residents is $245,000 and a ranking of the 38th wealthiest city in the United States according to Bloomberg News. The improvements consist of a U shaped courtyard style design with a total building area of 36,096 per the county assessor’s records, and was built in 1961 utilizing Type “V” wood frame and stucco construction with 2 stories over on grade parking. The land parcel is slightly over 1 acre (approximately 44,793 square feet) and is zoned High-Medium Density Multi-Residential. This zoning permits 31.1 to 44.0 Dwelling Units per acre before any potential density bonuses. 1 parking garage for each of the 48 units.
Listing description from the February 2018 sale, as reported to CRMLS.
Sale history
Recent sales near 3929 W 242nd Street
- 24212 Adolph — Sold $1,380,000 · 2 bd · 2 ba · 1,938 sqft · Aug 2026 · 0.1 mi
- 4063 Newton Street — Sold $1,544,000 · 3 bd · 2 ba · 1,830 sqft · Aug 2026 · 0.1 mi
- 4068 Newton — Sold $1,300,000 · 3 bd · 2 ba · 1,268 sqft · Sep 2026 · 0.1 mi
- 23930 Los Codona Avenue 204 — Sold $375,000 · 1 bd · 1 ba · 708 sqft · Aug 2026 · 0.2 mi
- 4109 Paseo De Las Tortugas — Sold $2,015,000 · 5 bd · 4 ba · 3,114 sqft · Aug 2026 · 0.3 mi
- 3856 Paseo De Las Tortugas — Sold $1,260,000 · 4 bd · 3 ba · 1,923 sqft · Jul 2026 · 0.4 mi
- 4439 Newton Street — Sold $2,170,000 · 3 bd · 3 ba · 1,850 sqft · Jul 2026 · 0.5 mi
- 23501 Ladeene Avenue — Sold $1,330,000 · 3 bd · 2 ba · 1,473 sqft · Sep 2026 · 0.5 mi
MLS-reported closed sales in 90505, nearest first (last 12 months). All recent sales in Torrance →
Questions about 3929 W 242nd Street
When did 3929 W 242nd Street last sell?
3929 W 242nd Street last sold in February 2018 for $15,000,000, according to CRMLS-reported closed sales.
What did 3929 W 242nd Street sell for?
$15,000,000, after 19 days on the market.
How does that compare to other Torrance sales?
151 homes closed in ZIP 90505 over the last 12 months at a median of $1,460,000 ($793 per square foot).
Is 3929 W 242nd Street for sale now?
Yes — 3929 W 242nd Street is currently on the market at $14,950,000. Open the current listing on Nalren for photos, details and the listing agent.