Torrance, CA 90503,20308 Madison ST
Torrance, CA 90503,20308 Madison ST
Torrance, CA 90503,20308 Madison ST
Torrance, CA 90503,20308 Madison ST
Torrance, CA 90503,20308 Madison ST
Torrance, CA 90503,20308 Madison ST
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$15,500,000

$15,975,000

3.0%
Est.Price: ?

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Est. payment /mo

0.66 Acres Lot


SOLD DATE : 12/20/2022

Key Details

Sold Price $15,500,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC22201572

Sold Date 12/20/22

HOA Y/N No

Year Built 1969

Lot Size 0.660 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning TORR-MD

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 57

Private Pool No

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7524028025

Energy Description 12862.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Assumed

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Tyler Leeson • Marcus & Millichap RE Invest
Bought with John Susank • NONMEMBER MRML
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880 Roosevelt Suite 250, Irvine, California, 92620, United States

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