20551 Madison Street Torrance, CA ^$ 1,350,000

20551 Madison Street

^$ 1,350,000

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20551 Madison Street

Torrance, CA, 90503

^$ 1,350,000

Studio Baths0.0 Sq 2,255

Monthly Estimate*

^$ 8,973

Listed by First Team Real Estate

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Studio

Commercial Property for sale in Torrance, CA

for $1,350,000. This 2,255 square foot building was built in 1958 on a lot size of 0.1436.

GREAT INVESTMENT OPPORTUNITY.... This is a gorgeous single family home that is currently being used and registered with the city as an elder care facility. The current tenant has a lease for just over three more years or until 06/2027. They do pay rent of $6000 per month to the owner, so $72,000 per year. Features include: Six bedrooms with four bathrooms, Remodeled kitchen and redone bathrooms, Large living room and Family room and an attached two car garage with direct access. This is a Conservatorship sale that will require court approval and a 5% initial deposit.

Commercial Active

Price

^$ 1,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

SpecialPurpose

Lot Size

0.1436

Year Built

1958

Town/City

Torrance

County/Region

Los Angeles

MLS | Web ID

DW24093808

Days on Market

Features

General

Heating Central

Year Built 1958

Property SubType SpecialPurpose

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Conservatorship ProbateListing

Status Active

Directions HAWTHORNE TO SPENCER TO MADISON

City Torrance

View Y/N N

Senior Community Y/N N

MLS Area 126 - Central Torrance

Lot Size Units SquareFeet

Lot Size Square Feet 6257.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Madison

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 16

Building Area Units SquareFeet

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Property Sub Type Additional SpecialPurpose

Exterior

Lot Features FrontYard StreetLevel

Water Source Public

Lot Size Area 6257.0

Spa N

Building Area Total 2255.0

Lot Size Acres 0.1436

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Street

Laundry Features InGarage

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 20551

* Excluded Features

List By

First Team Real Estate

Broker

(562) 596-9911

Phone

Affordability Calculator

$8,973

Per Month

Monthly Principal & Interest: $8,973
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Torrance, CA

Average List Price ^$1,451,347

Percent of Sale Price 8%

About Torrance, CA

145,215 Population

5% Since 2002

^$83,626 Median Income

43.39 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/9/2024	$1,350,000		Listed Price

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20551 Madison Street, Torrance, CA, 90503 is a Commercial Property for sale at $1,350,000 with 2,255 sqft and a lot size of 0.1436. 20551 Madison Street is a studio with 0.0 baths and was built in 1958. The property's zip code is 90503 which is in Torrance, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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20551 Madison Street

Commercial Property for sale in Torrance, CA

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