20551 Madison Street
Torrance, CA 90503
- 6 beds
- 4 baths
- 2,255 sqft
- 6,257 sqft lot
- $598 per sqft
- 1958 build
- – on site
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.
Last checked:
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Last updated May 11, 2024
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MLS# DW24093768 —
This home is listed in more than one place. See it here.
Monthly cost estimate
Asking price
$1,350,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$7,228
|
| Taxes | N/A |
| Insurance | $371 |
| Utilities | $181 See report |
| Total | $7,780/mo.* |
| *This is an estimate |
Walk Score®
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Bike Score®
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Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
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Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/9/24
May 9, 2024
|
Listed / Active | CRMLS_CA | $1,350,000 | |
|
4/15/11
Apr 15, 2011
|
Sold | DAMLS |
48% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $106k above asking price on average, but some went as high as $300k over asking price.