Listed By:
Katrina Matthews with Keller Williams South Bay; 310-617-3411
Address
1417 Madrid Avenue, Torrance, CA
Price
$ 1,665,000
Property Attributes
  • MLS#SB24096549
  • TypeMulti-Family
  • CountyLOS ANGELES
  • CityTorrance
  • AreaOld Torrance
  • Zip90501
  • StyleTriplex
  • Price$ 1,665,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage4394
  • Lot Size0.1607 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

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.

Price History
5/15/2024 Listed $1,665,000

General Features

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 No
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Garage Y/N Yes
Green Energy Generation Solar
Special Listing Conditions Trust
Status Active
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 Yes
Senior Community Y/N No
Total Units 3
MLS Area 134 - Old Torrance
Lot Size Square Feet 7001.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Madrid
Listing Terms Cash,CashtoNewLoan,Conventional
Property Attached Y/N No
Land Lease Y/N No
Electric Expense 4800.0
Home Warranty Y/N No
Fuel Expense 3840.0
Property Condition UpdatedRemodeled
Trash Expense 3000.0
Water Sewer Expense 3000.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N Yes
Virtual Tour https://my.matterport.com/show/?m=t43BjJezv7R&brand=0&mls=1&
Days on Market 10
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 4
Virtual Tour https://my.matterport.com/show/?m=t43BjJezv7R&
Property Sub Type Additional Triplex
MobileHomeRemainsYN No

Interior Features

Fireplace Features LivingRoom
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Street Suffix Avenue
Laundry Features LaundryRoom
Entry Level 1
Electric On Property Y/N No

Exterior Features

Parking Features Garage,RVPotential
Lot Features Item01UnitAcre
Water Source Public
Total Parking 2.0
Lot Size Area 7001.0
Number of Buildings 2
Spa No
Building Area Total 4394.0
Lot Size Acres 0.1607
Lot Size Units SquareFeet
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 No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90501

Price
AVG $1.62M
$1.67M
Visits
AVG 74
50
Data Provided by Inside Real Estate®
Year Built
AVG 1960
1934