Listed by Nancy Bush, Lyon Stahl Investment Real Estate, Inc.,

23135 Madison Street

Torrance, CA, 90505

$14,250,000

$467 per ft²
$14,250,000
$467 per ft²
Active
Active
 - For Sale
carpenters-square
30,504 ft²
property_type
Multi-family
calendar
Built 1969
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. 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.
MLS® ID:
SB22239452
Listed:
11/8/22
Updated:
11/29/22
RE/MAX Estate Properties
Cecily Lee

Interior Features

Kitchen Appliances
Dishwasher, Electric Range
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Granite Counters, Quartz Counters
Laundry Description
Common Area
Floor Description
Carpet, Tile, Vinyl
Fireplace
None
Cooling
See Remarks
Heating
Electric

Exterior/Building Features

Lot Size
0.74 acres lot
Exterior Features
Rain Gutters
Lot Details
Garden, Gentle Sloping, Landscaped, Sprinkler System
Roof
Flat, Rolled/Hot Mop
Sewer
Public Sewer

Other Property Details

Area Name
129 - South Torrance
HOA Amenities
Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Gated, Pool
Garage
Yes
Garage Spaces
58
Parking
Assigned, Driveway Down Slope From Street, Gated
Parking Total
58.0
View
Y
County
Los Angeles
Utilities
Electricity Connected, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Pool Description
Community, In Ground
Total Stories
2
Zoning
TORR-MH

Courtesy of Lyon Stahl Investment Real Estate, Inc., Nancy Bush,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 11/29/22. 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.  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, 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.

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Data last updated 5:18 AM UTC, 11/29/22

RE/MAX Estate Properties
Cecily Lee
Contact