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20551 Madison Street, Torrance, CA 90503
$1,350,000
20551 Madison Street, Torrance, CA 90503View this property at 20551 Madison Street, Torrance, CA 90503
20551 Madison StreetTorranceCA90503
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Property Description
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.
Full Property Details
Full Property Details for 20551 Madison St
General
- Price: $1,350,000
- Status: Active
- Type: Commercial
- MLS ID: DW24093808
- Updated: 5/9/2024
- Days on Market: 14 days
- Added to Site: 15 day(s) ago
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: In Garage
Location
- County: Los Angeles
- Driving Directions: HAWTHORNE TO SPENCER TO MADISON
Heating & Cooling
- Heating Type: Central
Structural Information
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 2255
- Square Feet: 2,255
- Year Built: 1958
- Year Built Source: Assessor
Lot Features
- Lot Size (Acres): 0.1436
- Useable Acres: .1436
- Lot Size (Sq. Ft.): 6,257
- Lot Size Source: Assessor
- Lot Features: Front Yard, Level with Street
- Lot Description: Front Yard, Level with Street
Financial Considerations
- Price Per Sq. Ft.: $598
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Investment: Yes
- Property ID: 7524021012
Listed by First Team Real Estate, CraigMarson
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Schools
Schools serving 20551 Madison St
School District:Torrance Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4820 Spencer St, Torrance, CA 90503 | K-5 | 1 mi | |
5038 Halison St, Torrance, CA 90503 | 6-8 | 1 mi | |
20401 Victor St, Torrance, CA 90503 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 20551 Madison St
Date
Details
Price
Change
Source
5/08/2024
Listed
$1,350,000
117.74%
MLS
2/28/2011
Sold
$620,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 20551 Madison St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,322
1%
$763,475
2%
2022
$9,195
2%
$748,506
2%
2021
$9,025
1%
$733,830
1%
2020
$8,895
1%
$726,306
2%
2019
$8,768
4%
$712,066
2%
2018
$8,460
2%
$698,105
2%
2017
$8,281
3%
$684,417
2%
2016
$8,077
2%
$670,998
2%
2015
$7,900
3%
$660,920
2%
2014
$7,688
1%
$647,975
—
2013
$7,592
—
$645,048
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 20551 Madison St
20551 Madison Street, Torrance, CA 90503 (MLS# DW24093808) is a Commercial property. 20551 Madison Street is currently listed for $1,350,000 and was received on May 08, 2024. Want to learn more about 20551 Madison Street? Do you have questions about finding other Commercial real estate for sale in Torrance? You can browse all Torrance real estate or contact a Coldwell Banker agent to request more information.