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.
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
Owner options
What's special
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#: OC22201572
Originating 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