1025 Madrid Avenue

Torrance, CA 90501

$1,315,000
Last Sold Price
7
Beds
4
Baths
3,111 Sq. Ft.
$423 / Sq. Ft.
3,111
Sq. Ft.
$423
per Sq. Ft.

Description

Wow .... Price improvement. Amazing opportunity! This Duplex has 2 separate homes: 1025 & 1027 Madrid Avenue, TORRANCE, and was built from scratch in 2000. Perfect for an owner user or investor. The property on 1027 is a two-level house with 5 bdrm 3 ba. (2 bdrm on the first floor with a full ba and 3 bdrm and 2 full ba on the second floor with laundry in closet). It has a large kitchen, living room, dining room, and a private backyard. The other unit on 1025 is located above the 4-car garage and...Wow .... Price improvement. Amazing opportunity! This Duplex has 2 separate homes: 1025 & 1027 Madrid Avenue, TORRANCE, and was built from scratch in 2000. Perfect for an owner user or investor. The property on 1027 is a two-level house with 5 bdrm 3 ba. (2 bdrm on the first floor with a full ba and 3 bdrm and 2 full ba on the second floor with laundry in closet). It has a large kitchen, living room, dining room, and a private backyard. The other unit on 1025 is located above the 4-car garage and is a 2 bdrm and 1 ba with a high ceiling and is bright with lots of natural sunlight. Each property has its own backyard and entrance. Plenty of space in front of the garages for additional parking. Located in the great Torrance School District, you are in the “Old Center of Torrance” close to shopping, and just 10 minutes away from the ocean! All buildings are permitted.
  1. Listed by Anne Irvin • DRE #01938679 • Brokerage DRE #00527439 • Century 21 Union Realty • 310-995-2057

Property Details for 1025 Madrid Avenue

Architectural Style
Modern
View
None
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Century 21 Union Realty, Anne Irvin, DRE #01938679

Sold By Century 21 Union Realty, Anne Irvin, DRE #01938679

Add your commute
LISTING UPDATED: 02/16/2024 01:29 AM

Property Details for 1025 Madrid Avenue

StatusClosed
MLS #SB23056364
Days on Market281
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2000
Lot Size0.16 AC / 6,881 SF
CountyLos Angeles County

Location

Listing Courtesy of Century 21 Union Realty, Anne Irvin, DRE #01938679

Sold By Century 21 Union Realty, Anne Irvin, DRE #01938679

Add your commute

Building Information for 1025 Madrid Avenue

Stories2Residences-Year Built2000Building Size-Lot Size0.16 AC / 6,881 SF

Payment Calculator

$7,388 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,176

Property Taxes

$212

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1025 Madrid Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $44,400
  • Gross Scheduled Income: $44,400
  • Net Operating Income: $22,075
  • Gross Multiplier: 32.0
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $21,325
  • New Taxes Expense: $18,125
  • Insurance Expense: $2,000
  • Trash Expense: $1,200
  • Total Expenses: $20,125
Tax / Assessment Info
  • Tax Block: 64
  • Tax Tract Number: 735...
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 5
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Room Type: Converted Bedroom, Entry, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Multi-Level Bedroom, Walk-In Closet
  • Bedroom Features: Converted Bedroom, Multi-Level Bedroom, WalkInCloset
  • Laundry: Yes
  • Laundry Features: In Garage, Upper Level
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Window Features: Screens
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Near Public Transit
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: Alley, Private Road
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Garage, Parking Space, Private, Shared Driveway
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage, Parking Space, Private, Shared Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 4300
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 1025 Madrid Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1025 Madrid Avenue

Taxable ValueLand$156,818Additions$39,189Total$196,007
Tax Record2023$2,543 ($212 / month)
Home Facts
Beds1Total Finished SqFt600 SqFtAbove Grade Finished SqFt600 SqFtStories2Lot Size6,881 SqFtStyleSingle Family ResidenceYear Built1939ZoningTORR-LMCountyLOS ANGELESAPN7354-013-006

Schools near 1025 Madrid Avenue

This home is within Torrance Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Fern Elementary School
PublicK to 5

Madrona Middle School
Public6 to 8

Torrance High School
Public9 to 12

Gene Drevno Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Union Realty, Anne Irvin, DRE #01938679

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.