20308 Madison St

Torrance, CA 90503 View Map $15,975,000 Schedule a Tour
Sq.Ft. Lot28,750
Year1969
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Customer Support

(310) 982-2107
 
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:OC22201572
On Site:14 Days
Lot Size:28,750 Sq. Ft.
County:Los Angeles
Emerald Gardens is a 40-unit multifamily investment property located in Torrance, a premier rental market in Los Angeles County, California.
Built in 1969, Emerald Gardens offers an attractive mix of one and two-bedroom floor plans and a desirable amenity package including controlled access, two on-site laundry facilities with landlord owned machines, private balconies (select units), and ample gated tuck-under parking. Emerald Gardens is situated in the desirable Delthorne neighborhood in Torrance, which is ranked as The Best Neighborhood for Young Professionals in Torrance according to Niche.com. The property is located blocks away from the Torrance Promenade, providing residents with convenient access to everyday needs. Additionally, Emerald Gardens is situated within 1 mile of the Del Amo Fashion Center and just over 1.50 miles from the South Bay Galleria, providing residents with an abundance of retail, dining, and entertainment options. Emerald Gardens is conveniently located in close proximity to Hawthorne Boulevard and Interstate 405, connecting residents to employment hubs throughout Los Angeles and Orange Counties.

Listing Agent/Office

Agent Name:Tyler Leeson
Office Name:Marcus & Millichap Re Invest

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:20308 Madison St Torrance, CA 90503
Zip Code:90503

Architecture

Year Built:1969
Stories:2
Building Area: 29212.0
Number of Buildings: 4
Total Units: 40
Stories Total: 2
Unit 1: 25 Units • 1 Bed • 1 Bath • Unfurnished • $48,290 actual rent • $48,290 total rent • $53,750 pro forma
Unit 2: 12 Units • 2 Beds • 2 Baths • Unfurnished • $27,660 actual rent • $27,660 total rent • $31,800 pro forma
Unit 3: 3 Units • 2 Beds • 2 Baths • Unfurnished • $7,040 actual rent • $7,040 total rent • $8,550 pro forma
Parking Total: 57.0

Features / Amenities

Laundry: Common Area
Common Walls: No Common Walls

Property Features

Lot Size: 0.66 Acres / 28,750 Sq. Ft.
Lot Features: Corner Lot
Sewer: Public Sewer
Water: Public
Zoning:TORR-MD
Directions:Cross Streets: Del Amo Blvd and Madrona Ave

Tax and Financial Info

Gross Income: $1,001,130
Gross Scheduled Income: $995,880
Net Operating Income: $623,212
Electric Expense: $12,862
Fuel Expense: $12,862
Insurance Expense: $11,740
Maintenance Expense: $20,000
New Taxes Expense: $179,002
Trash Expense: $12,862
Water/Sewer Expense: $12,862
Terms: Cash

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20308 Madison St Torrance, CA 90503
GO SEE THIS LISTING
20308 Madison St Torrance, CA 90503
 
ASAP
Wed
28
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29
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30
Sep
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Oct
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Oct
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Oct
Choose Your Date -- It's Free, Cancel Anytime
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Listing agent / office Tyler Leeson, Marcus & Millichap Re Invest.
Based on information from California Regional Multiple Listing Service, Inc. as of September 27, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.