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$1,350,000   Price Analysis
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20551 Madison St
Torrance, CA 90503
6 bed 4 bath 2,255 SqFt ($598/SqFt)
6,257SqFt lot. Built 1958
Listed 2024-05-09, Taxes $9,195
Ⓧ USDA Ineligible
due to price & location

near Torrance

GREAT INVESTMENT OPPORTUNITY.

This is a gorgeous single family home that is currently being used and registered with the city as a n elder care facility. The current tenant has a lease for 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 bedroms 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.


Presented by First Team Real Estate at
First Team Real Estate.


Property MLS #DW24093768 from CRMLS

Bedrooms: 6
Bedrooms On Main Level: 6

Total Bathrooms: 4
Full Bathrooms: 4
Bathrooms On Main Level: 4

Kitchen, Laundry, Living Room

Laundry Features: In Garage

Cooling Features: Central Air
Fireplace Features: Fireplace: Yes
Heating Features: Central
Heating: Yes

Lot Description: Front Yard, Level with Street
Lot Size Acres: 0.143641
Lot Size Source: Assessor
Lot Size Square Feet: 6257

Garage Spaces: 2
Garage Description: Attached
Parking Total: 2

School District: Torrance Unified

Victor Elementary School is a public elementary school located approximately 1 miles away.
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Bert M. Lynn Middle School is a public middle school located approximately 1 miles away.
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West High School is a public high school located approximately 1.1 miles away.
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The Knowing Garden is a private elementary school located approximately 0.3 miles away.
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Calculated Total Monthly Association Fees: 0

Community Features: Sidewalks, Storm Drains, Street Lights

Source Listing Status: Active
County: Los Angeles
Directions: Hawthorne to spencer to madison
Source Property Type: Residential
Area: 126 - Central Torrance
Source Neighborhood: 126 - Central Torrance
Parcel Number: 7524021012
Postal Code Plus 4: 3670
Zoning: TORR-LO
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$205,233 + $543,273
$748,506
$9,195
2021$201,209 + $532,621
$733,830
$9,024
2020$199,146 + $527,160
$726,306
$8,895
2019$195,242 + $516,824
$712,066
$8,767
2018$191,414 + $506,691
$698,105
$8,460
2017$187,661 + $496,756
$684,417
$8,281
2016$183,982 + $487,016
$670,998
$8,077
2015$181,219 + $479,701
$660,920
$7,900
2014$177,670 + $470,305
$647,975
$7,688
2013$176,868 + $468,180
$645,048
$7,592
2012$173,400 + $459,000
$632,400
$7,505
2010$273,129 + $512,572
$785,701
$11,733
2009$271,088 + $508,742
$779,830
$11,341
2009$271,088 + $508,742
$779,830
$11,341
2008$265,773 + $498,767
$764,540
$10,658
2007$260,562 + $488,988
$749,550
$10,293

Listed 2024-05-09
$1,350,000
CRMLS
Listing removed 2011-04-18
$642,900
TheMLSCLAW
Sold 2011-04-15
$620,000
ITECH
Listing removed 2011-03-03
$642,900
TheMLSCLAW
Listed 2011-02-15
$642,900
TheMLSCLAW
Price Changed 2010-12-28
$642,900
TheMLSCLAW
Price Changed 2010-11-30
$665,900
TheMLSCLAW
Relisted 2010-10-16
$682,900
TheMLSCLAW
Listing removed 2010-09-25
$682,900
TheMLSCLAW
Relisted 2010-09-18
$682,900
TheMLSCLAW
Listing removed 2010-08-28
$682,900
TheMLSCLAW
Listed 2010-07-30
$642,900
ITECH
Listed 2010-07-30
$682,900
TheMLSCLAW
Sold 2004-07-20
$500,000
Public Record

Total Square Feet Living: 2255
Year Built: 1958
Common Walls: No Common Walls
Entry Level: 1
Entry Location: 1
Living Area Source: Assessor
Property Age: 66
Levels or Stories: One
Building Total Stories: 1
Structure Type: House
Year Built Source: Assessor

Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.