24447 Madison Street, Torrance, California 90505, Torrance, 90505 - 2 bed, 2 bath
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Torrance, California 90505
This Turnkey Craftsman Charmer is a Strong Value Opportunity, listed at $1,025,000—positioned well below the $1,069,687 Fair Market Value by 4%. This valuation gap offers $44,687 in Instant Equity. Featuring a Mint Condition Rating with comprehensive modern upgrades, the home offers a rare blend of historic character and reliability. Located in the prestigious Torrance Unified School District near top-rated schools, it is an ideal sanctuary for first-time buyers or owner-occupants seeking a move-in ready lifestyle with significant ADU expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24447 Madison Street Subject | $1,025,000* List Price | 2 | 2 | 795 | $1,346 | - |
A 2834 Pacific Coast Active | $1,290,000 List Price | 4 | 2 | 1,006 | $1,282 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (likely <3 years based on sales history) including a full kitchen and bathroom remodel. Critical systems are brand new, including the HVAC, ducting, and electrical panel/wiring, meeting the criteria for mint condition with no maintenance required.
Elementary School: Walteria Elementary School (9/10). High School: South High School (9/10).
This 1920s Craftsman has been meticulously updated with new HVAC, electrical wiring, a remodeled kitchen, and smart home features, offering a turn-key experience that blends historic charm with modern reliability.
The property includes a massive 3-car garage with alley access and a detached studio with a 3/4 bath, providing a prime opportunity for ADU conversion or multi-generational living configurations.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4800, other record lot size in square feet = 4738. Living area discrepancy between mls listing and other public or private record. mls listing living area = 795, other record living area = 660.
At only 795 square feet, the primary living area is quite compact for a two-bedroom home, which may be a significant constraint for families or buyers requiring more indoor room.
With a list price exceeding $1,280 per square foot, the property sits at a premium valuation that may challenge appraisals or deter buyers focused on interior value.
WATCH VIDEO! Gorgeous Remodel of a Classic 1920s Walteria Craftsman Charmer! Step into a storybook setting the moment you enter this beautifully updated home. Blending timeless charm with modern conveniences, this Craftsman has been thoughtfully renovated. Recent updates include: New - Furnace & Ducting, A/C, Nest Thermostat, Electrical Panel & Wiring, Gas Fireplace Conversion, Solatube, Exhaust Fans, Window Treatments, Kitchen Remodel, Bathroom Remodel, Concrete Driveway, Smart Sprinkler System, Landscaping Design Front & Back and much more. At the rear of the property, you'll find a spacious 3-car garage (approx. 20' x 30') with alley access, plus a large additional pad perfect for extra parking or recreational vehicles. The garage offers exciting potential for an ADU conversion or possibly building an ADU above the existing structure (buyer to verify with the city). An added bonus: A second ¾ bathroom with Walk-In Shower has been created in a detached studio area (not included in the assessor’s square footage), offering flexible space for work, guests, or future expansion. Don’t miss your chance to own this rare blend of classic architecture and modern upgrades in a coveted South Bay neighborhood!
No exterior & parking available.
Grades K-5 • 0.0 mi
Grades K-5 • 1.6 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 8% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 795 | 1,716.5 | 1% |
| Lot Size | 4,800 | 6,118.5 | 2% |
| Price | $1.02M | $1.60M | 5% |
| Price per sq ft | $1.3K | $881 | 93% |
| Built year | 1926 | 1955 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 105 | 3% |
May 22, 2026
$1,025,000
Initial Listing
Sep 14, 2023
$920,000
Public Record