• 20551 Madison Street Torrance, CA 90503

  • $1,350,000
  • 6
    Bed(s)
  • 4
    Baths
  • 2,255
    Sq Ft
  • 6257
    Sqft
  • Listed By: Craig Marson, First Team Real Estate, DRE #01210177
  • Source: CRMLS

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.

Property Type :

Residential

County :

Los Angeles

Style :

Residential

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Property Details

 

Bedroom Information

Total Bedrooms : 6

Bathroom Information

Total Baths: 4

Full Baths: 4

Water/Sewer

Water Source : Public

Sewer : Unknown

Interior Features

Fireplace: Living Room

Cooling Features

Central Air

Air Conditioning

Heating Source

Central

Has Heating

Fireplace

Fireplace Features: Living Room

Has Fireplace: 1

Building Information

Year Built: 1958

Pool Features

None

Laundry Features

In Garage

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1436

Lot Size Source: Assessor

Lot Size Square Feet: 6257

Listing Price Information

Original List Price: 1,350,000

Listing Contract Date: 2024-05-08

Lease Information

Listing Agreement: Probate

Tax Information

Parcel Number: 7524021012

Garage and Parking

Attached Garage: Yes

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 126 - Central Torrance

Postal Code Plus 4: 3670

Directions: Hawthorne to spencer to madison

Zoning: TORR-LO

Source Property Type: Residential

Area: 126 - Central Torrance

Property SubType: Single Family Residence

Building and Construction

Property Age: 66

Common Walls: No Common Walls

Structure Type: Single Family Residence

Year Built Source: Assessor

Total Square Feet Living: 2255

Entry Level: 1

Entry Location: 1

Levels or Stories: One

Building Total Stories: 1

Structure Type: House

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ByOwner last updated this listing 06/03/2024 @ 18:32

MLS: DW24093768
LISTED BY: Craig Marson, First Team Real Estate
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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