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$13,750,000
133 Days Online

23135 Madison Street
Torrance, CA 90505

For Sale|Multi-Family|Pending
County:
Los Angeles
Listed by Nancy Bush of Lyon Stahl Investment Real Estate, Inc.

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310-902-7214
23135 Madison Street23135 Madison Street23135 Madison Street23135 Madison Street
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Madison Park Apartments is a well maintained 36-unit multifamily community located in the desirable Southwood Riviera neighborhood of South Torrance. Madison Park Apartments presents an opportunity for an investor or renovator to acquire a value-add multifamily asset situated in a highly coveted location due to its’ proximity to the coast, diverse employment base, highly rated schools, and amenities accessible within the Southern California area. Additionally, Madison Park Apartments will appeal to both long-term investors and renovation specialists. The desirable unit mix of (18) ample 1 Bedroom 1 Bath units and (18) spacious 2 Bedroom 1.75 Bath units, each with their own large patio or balcony, are roomy enough for sharing living space or creating a work from home environment. There is demonstrable upside in the current rent rates and post-renovated rent rates, depending on the quality of value-add enhancements and renovations brought to the property. Subject only to California rent control AB 1482, no City of Torrance rent control. Madison Park Apartments is located near the best that the South Bay area has to offer, within walking distance to a variety of Parks, Recreations Centers, Madrona Marsh Nature Preserve and neighborhood schools. Within a short drive, one can reach the Pacific Ocean and Riviera Village, The Del Amo Shopping Center, and Wilson Park, providing Residents with an abundance of recreational, shopping, dining, and entertainment options. Madison Park Apartments is also conveniently located near Hawthorne Boulevard, Pacific Coast Highway and within close access to Interstate 405, 110 and 91, allowing residents to reach employment hubs throughout Los Angeles and Orange County. In summary, Madison Park Apartments offers the opportunity to build lasting value in the ideally located and highly coveted coastal submarket of Los Angeles California.

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Listing Snapshot
Price 
$13,750,000
Days Online 
133 Days
Bedrooms 
N/A
Inside Area (SqFt) 
30,504 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.7368 Acres
Year Built 
1969
MLS Number 
SB22239452
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
a month agoStatus changed to Pending
a month agoStatus changed to Active
a month agoPrice changed to $13,750,000
3 months agoStatus changed to Pending
See 1 more
General Features
Parking 
AssignedDriveway Down Slope From StreetGated
Parking Spaces 
58
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.7368
Water 
Public
Security 
Security GateGated CommunityResident ManagerSmoke Detectors
Property Sub Type 
Apartment
Garage Spaces 
58
Utilities 
Electricity ConnectedSewer ConnectedWater Connected
Foundation 
Combination
Zoning 
TORR-MH
Listing Conditions 
Standard
Interior Features
Cooling 
See Remarks
Heating 
Electric
Appliances 
DishwasherElectric Range
Flooring 
CarpetTileVinyl
Interior 
GraniteCountersQuartzCounters
Fireplace Features 
None
Laundry Features 
Common Area
Fireplace 
No
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Exterior Features
Roof 
FlatRolled Hot Mop
View 
None
Spa 
No
Pool Features 
CommunityIn Ground
Spa Features 
None
Pool Expense 
2100
Exterior 
Rain Gutters
Lot 
GardenGentle SlopingLandscapedSprinkler System
Road Frontage 
City Street
Community Features
Association Dues 
0
Community Features 
CurbsGuttersStorm DrainsStreet LightsSidewalksGatedPool
Senior Community 
No
MLS Area 
129 - South Torrance
Security Features 
Security GateGated CommunityResident ManagerSmoke Detectors


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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