23135 Madison St, Torrance, CA 90505

23135 Madison St, Torrance, CA 90505

Torrance, CA

Property Description


  • Value-Add Opportunity
  • Pool & Outdoor Lounge
  • Vinyl Windows Replaced 2013
  • High-Demand Unit Mix
  • 3 of 4 Roofs Replaced 2011
  • Copper Plumbing *Buyer to Verify


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.

Property Features

  • Sale Price: $13,750,000
  • Area Size: 30,504 Sq. Ft.
  • Year Built: 1969
  • Listing Date: 11/10/2022
  • Units: 36
  • Current GRM: 15.83
  • Current Cap Rate: 3.86%
  • Price Per Unit: $381,944
  • Market GRM: 13.92
  • Market Cap Rate: 4.68%
  • Current NOI: $517,696

Lyon Stahl Investment Real Estate

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