It’s a burned out wreck in a grubby neighborhood, it’ll still cost you $1M
A burned-out home in Torrance, California, recently sold for over $1 million despite being unlivable. The three-bedroom property was auctioned off after a fire last year, and its sale price reflects the area's high housing demand. Experts indicate that California's housing crisis remains severe, with a significant shortage of available units.
- ▪The charred home sold for 2% above its asking price of $1 million.
- ▪The property has been vacant since a fire occurred on February 1, 2024.
- ▪California is estimated to need approximately 2.2 million additional housing units to meet demand.
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Metro It’s a burned out wreck in a grubby neighborhood, it’ll still cost you $1M By Nina Joudeh Published May 27, 2026, 12:54 p.m. ET See more of our coverage in your search results. Add The California Post on Google A smoke-blackened shell of a home with a gaping hole in the roof just sold for more than $1 million in California’s latest jaw-dropping housing market absurdity. The burned-out, boarded-up house in Torrance fetched the eye-popping price last week despite sitting unlivable on a busy corner lot after a devastating fire ripped through the property last year, according to The Independent. 4 MediaNews Group via Getty Images The three-bedroom, two-bath ranch-style home sold for 2% above its asking price.
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