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Sold for $15,500,000 on 12/20/22
  • Listing Provided by: 

    Tyler Leeson DRE #01451551 949-419-3326,

    Marcus & Millichap RE Invest

    Bought with: NONMEMBER MRML
    $15,500,000

    20308 Madison St, Torrance, CA 90503

    55beds
    55baths
    29,212sqft
    Multi Family
    Built in 1969
    -- sqft lot
    $11,863,000 Zestimate®
    $531/sqft
    $1,975 Estimated rent

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    $1,975/mo

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    $96,049/mo

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: December 20, 2022 at 04:25pm

    Listing Provided by:

    Tyler Leeson DRE #01451551 949-419-3326,

    Marcus & Millichap RE Invest

    Bought with:

    John Susank, DRE #01186521

    NONMEMBER MRML

    Source: CRMLS,MLS#: OC22201572MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 55
    • Bathrooms: 55
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 29,212
    • Total interior livable area: 29,212 sqft

    Property

    Parking
    • Total spaces: 57
    Features
    • Pool features: None
    Lot
    • Size: 0.66 Acres
    • Features: Corner Lot
    Details
    • Parcel number: 7524028025
    • Zoning: TORR-MD
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1969

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Street Lights, Sidewalks
    Location
    • Region: Torrance

    HOA & financial

    Other financial information
    • Total actual rent: 82990

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan
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    Estimated market value
    $11,863,000