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Image 1 - 20551 Madison St, Torrance, California, 90503 - House for sale
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Home For Sale In Torrance, California
20551 Madison St, Torrance, California, 90503

Home For Sale In Torrance, California

house for sale
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Listed: 05/13/24

20551 Madison St, Torrance, California, 90503

6 Bed:
4 Bath:
2,255 Sq Ft Living Area:
Save
Price
$ 1,35M

About This House

Great investment opportunity.... This is a gorgeous single family home that is currently being used and registered with the city as an elder care facility. The current tenant has a lease for just over three more years or until06/2027.They do pay rent of $6000 per month to the owner, so$72, 000per year. Features include: Six bedrooms with four bathrooms, Remodeled kitchen and redone bathrooms, Large living room and Family room and an attached two car garage with direct access. This is a Conservatorship sale that will require court approval and a 5% initial deposit.

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Torrance Housing & Living

Average sale prices for houses

3 bed
4+ bed
Show as List Show as Graph
In June 2024, the asking price for 3 bed houses for sale in/near Torrance, United States averaged $1,178,994, a decrease of 3.7% from the previous month.
Median price trends for properties for sale in Torrance, United States as of June 2024.

Household Income

Median household income: $85,070
Number of households: 54,904
The average household income in Torrance, CA grew from $80,862 to $85,070 in the past year. This data is an estimate based upon 54,904 households in Torrance, CA.
The chart below presents how household income is distributed in Torrance, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Torrance, CA compared to median property taxes around the country. The prevalent amount of property taxes in Torrance, CA equals $3k+ , which is more than the national average.