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20551 Madison Street

Torrance, CA 90503
  • $1,350,000
  • STATUS: ACTIVE
  • ON SITE: 148 Days
  • ID#: DW24093768
UPDATED: 44 min ago
$1,350,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,255
    SQFT
  • $599
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1958
County:

School Ratings & Info

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. 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.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.mercergrouprealestate.com/homes/150376476
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20551 Madison Street Torrance, CA 90503

  • Price: $1,350,000
  • Status: ACTIVE
  • On Site: 148 Days
  • Updated: 44 min ago
  • ID#: DW24093768
6
Beds
4
Baths
0
½ Baths
0.14
Acres
2,255
SQFT
$599
$/SQFT
1958
Built
Neighborhood:
Torrance (90503)
County:
Los Angeles
Area:
Torrance (90503)
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. 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.
Exterior Features

Entry Level Unit 1 Lot Size 4000-7499 SF Parking Spaces Total 2 Pool N/K Residential Styles Detached Residential Unit Location No Common Walls Site Sidewalks Topography Level View N/K

Interior Features

Bath Totals 4 Bedrooms Total 6 Cooling Central Forced Air Fireplace FP in Living Room Heat Equipment Forced Air Unit Laundry Location Garage Searchable Rooms KitchenLiving RoomLaundry Stories 1 Story

Property Features

Assessments Unknown Cfd Mello Roos Fee 847.0 Cfd Mello Roos Fee Reflects Year Home Owners Fees 0.0 Miscellaneous Storm Drains Monthly Total Fees 70 Sales Restrictions Probate Sbjct to Overbid Sewer Septic Unknown Terms CashCash To New Loan Water Public Zoning TORR-LO

San Diego MLS logo Listing provided courtesy of Craig Marson of First Team Real Estate: 562-682-1944. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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