1417 Madrid Avenue Torrance, CA $ 1,665,000
1417 Madrid Avenue
$ 1,665,000
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1417 Madrid Avenue

Torrance, CA, 90501
$ 1,665,000
Bedrooms8 Baths6.1 Sq 4,394

Monthly Estimate*

$ 11,066

Listed by Keller Williams South Bay
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Multi-Family Home for sale in Torrance, CA

for $1,665,000 with 8 bedrooms and 6 full baths, 1 half bath. This 4,394 square foot home was built in 1934 on a lot size of 0.1607.

Welcome to Artisanal- Lush Madrid Avenue, where Three Unique Units await within a Charming Detached Compound. *Unit #1 (1417 Madrid Ave.)* Discover a Spacious 2-story abode, boasting 4 bedrooms & 3.5 bathrooms. The Main floor showcases a Elegant Living Room featuring a Fireplace, Hardwood Flooring, Recessed Lights, and Rustic Wood Beams accentuating the ceiling. A bathroom on this level offers Hardwood flooring for added Elegance, while the remaining bathrooms boast Tile floors. Upstairs, the primary bedroom impresses with a Free-Standing Bathtub, a Separate Shower, Artisanal Doors, alongside Hardwood Flooring and a Ceiling fan. High ceilings and an adjacent Balcony elevate the primary bedroom's appeal. Enjoy meals in the Dining Area with Hardwood Flooring, a Ceiling Fan, and Recessed lights, while the Remodeled Kitchen boasts Hardwood Flooring, Granite Countertops, Tile Backsplash, Wood Cabinetry and Built-in Stainless Steel Appliances. A Bonus Room is being used as a Office and there is hidden storage throughout. Step outside to a concrete Patio in the rear for outdoor relaxation.. and... *Unit #2 (1419 Madrid Ave #A)* Nestled on the first floor of the rear 2-story building, this One Bedroom One bath Unit offers convenience and comfort. A welcoming Living Room features Hardwood Flooring, Recessed Lights, and a Ceiling Fan. The Upgraded Kitchen impresses with Quartz Countertops, tile backsplash, wood Cabinetry, Recessed Lights, and Built-in Appliances. The bathroom delights with Tile floors, and a Granite-Topped Vanity. Retreat to the Bedroom with Hardwood Flooring, a Ceiling fan, a Mirrored Closet, and even a Dry Sauna. Outside, a Patio in the front provides a charming space to enjoy the outdoors. and... *Unit #3 (1419 Madrid Ave. #B)* Occupying the Upper Floor of the Rear 2-story building, this 3 Bedroom 2 Bath unit exudes Sophistication. The Living Room boasts Hardwood Flooring and Crown Molding, creating an inviting ambiance. In the Upgraded Kitchen, discover more Hardwood flooring, Wood Cabinetry, Tile Countertops & Backsplash, Recessed Lights, and Built-in Appliances. The Bedrooms feature Crown Molding, and Ceiling Fans, with the Primary Bedroom offering a Walk-in Closet. The primary bathroom boasts Tile Floors and a Granite-Topped Vanity, while the main bathroom features a Skylight. Additionally, an Elevator adds convenience to this unit's allure. All units have Private, Laundry rooms/areas. Back Building has PAID Solar Panels.

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Multi-Family Pending

Price

$ 1,665,000

Bedrooms

8

Full Bath

6

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Triplex

Lot Size

0.1607

Year Built

1934

Town/City

Torrance

County/Region

Los Angeles

MLS | Web ID

SB24096549

Days on Market

25

Features
General
Interior Features BeamedCeilings Balcony CeilingFans Elevator RecessedLighting
Sewer PublicSewer
Heating Central
Cooling CentralAir
Appliances Dishwasher Disposal Refrigerator WaterHeater
Exterior Features Balcony
Zoning TORR-LM
HOA 0.0
Garage Spaces 2.0
Patio/Porch Features Balcony
Pool Features None
Exclusions All staged items decor and furniture.
Year Built 1934
View Neighborhood
Stories 2
Levels Two
Property SubType Triplex
Gross Income 91544.0
Community Features StreetLights Urban
County Los Angeles
Net Operating Income 51020.0
Operating Expense 40524.0
Insurance Expense 23724.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N Y
Green Energy Generation Solar
Special Listing Conditions Trust
Status Pending
Directions East on El Dorado St from Crenshaw Bl.Street ends at Madrid Ave.Turn right.Cross Streets:ElDorado and CrenshawBl
City Torrance
Entry Location Front
View Y/N Y
Senior Community Y/N N
NumberOfUnitsTotal 3
MLS Area 134 - Old Torrance
Lot Size Units SquareFeet
Lot Size Square Feet 7001.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Madrid
Listing Terms Cash CashtoNewLoan Conventional
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 4800.0
Home Warranty Y/N N
Fuel Expense 3840.0
Property Condition UpdatedRemodeled
Trash Expense 3000.0
Water Sewer Expense 3000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Virtual Tour https://my.matterport.com/show/?m=t43BjJezv7R&brand=0&mls=1& https://my.matterport.com/show/?m=t43BjJezv7R&
Days on Market 15
Building Area Units SquareFeet
Standard Status Pending
Year Built Source Assessor
Tax Lot 4
Property Sub Type Additional Triplex
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Exterior
Parking Features Garage RVPotential
Lot Features Item01UnitAcre
Water Source Public
Total Parking 2.0
Lot Size Area 7001.0
Number of Buildings 2
Spa N
Building Area Total 4394.0
Street Suffix Avenue
Lot Size Acres 0.1607
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 2
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features LivingRoom
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Laundry Features LaundryRoom
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 1417
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* Excluded Features
List By
Keller Williams South Bay

Broker

(310) 617-3411

Phone

Affordability Calculator

$11,066
Per Month
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Monthly Principal & Interest
$11,066
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2024$1,665,000 Listed Price

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1417 Madrid Avenue, Torrance, CA, 90501 is a Multi-Family Home for sale at $1,665,000 with 4,394 sqft and a lot size of 0.1607. 1417 Madrid Avenue has 8 bedrooms, 6.1 baths, and was built in 1934. The property's zip code is 90501 which is in Torrance, CA