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24447 Madison Street, Torrance, California 90505, Torrance, 90505 - 2 bed, 2 bath

24447 Madison Street, Torrance, California 90505 home-pic-0
ACTIVE UNDER CONTRACT$1,029,000
24447 Madison Street, Torrance, California 90505
2Beds
2Baths
795Sqft
4,800Lot

Price Vs. Estimate

The estimated value ($1,029,000) is $0 (0%) lower than the list price ($1,029,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Renovation: The property has undergone a comprehensive renovation, including new furnace, A/C, electrical, kitchen, bathrooms, and landscaping, offering modern comfort within a classic shell.
Top Cons:
Limited Interior Square Footage: With only 795 sqft, the interior living space is relatively small for a single-family home, which may not suit buyers seeking more expansive rooms or space.

Compared to the nearby listings

Price:$1.03M vs avg $1.49M ($-458,000)4%
Size:795 sqft vs avg 1,876 sqft1%
Price/sqft:$1.3K vs avg $83797%

More Insights

Built in 1926 (99 years old).
Condition: Despite being built in 1926, this property has undergone a 'gorgeous' and 'thoughtful' extensive renovation, as highlighted in the description. Key updates include new furnace & ducting, A/C, electrical panel & wiring, and complete kitchen and bathroom remodels. The images confirm a modern aesthetic with LVP flooring, recessed lighting, updated fixtures, and a clean, contemporary kitchen featuring white shaker cabinets, butcher block countertops, and subway tile backsplash. While the kitchen appliances appear white rather than stainless steel, they are clean and functional within the renovated space. The overall condition, including major systems and cosmetic finishes, is virtually new and move-in ready, meeting current quality standards with no deferred maintenance.
Year Built
1926
Close
-
List price
$1.03M
Original List price
$1.03M
Price/Sqft
$1,294
HOA
-
Days on market
-
Sold On
-
MLS number
PV25225073
Home ConditionExcellent
Features
Good View: Hills
Patio
ViewHills

About this home

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!

Nearby schools

9/10
Walteria Elementary School
Public,•K-5•0.0mi
8/10
Riviera Elementary School
Public,•K-5•1.6mi
8/10
Edward J. Richardson Middle School
Public,•6-8•1.3mi
8/10
Miraleste Intermediate School
Public,•6-8•3.6mi
9/10
South High School
Public,•9-12•1.2mi
8/10
Palos Verdes High School
Public,•9-12•4.3mi

Price History

Date
Event
Price
09/14/23
Sold
$920,000
Condition Rating
Excellent
Despite being built in 1926, this property has undergone a 'gorgeous' and 'thoughtful' extensive renovation, as highlighted in the description. Key updates include new furnace & ducting, A/C, electrical panel & wiring, and complete kitchen and bathroom remodels. The images confirm a modern aesthetic with LVP flooring, recessed lighting, updated fixtures, and a clean, contemporary kitchen featuring white shaker cabinets, butcher block countertops, and subway tile backsplash. While the kitchen appliances appear white rather than stainless steel, they are clean and functional within the renovated space. The overall condition, including major systems and cosmetic finishes, is virtually new and move-in ready, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Extensive Modern Renovation: The property has undergone a comprehensive renovation, including new furnace, A/C, electrical, kitchen, bathrooms, and landscaping, offering modern comfort within a classic shell.
ADU Potential & Flexible Space: A spacious 3-car garage with alley access presents significant potential for an ADU conversion, complemented by a detached studio with a ¾ bath for versatile use.
Classic Craftsman Charm: Retains the timeless appeal of a 1920s Walteria Craftsman, blending historical character with contemporary updates for a unique aesthetic.
Desirable Neighborhood & School Access: Located in a coveted South Bay neighborhood, with excellent proximity to top-rated Walteria Elementary School (0.02 miles).
Ample Parking & Outdoor Amenities: Features a 3-car garage, an additional parking pad for vehicles or RVs, and newly designed front and back landscaping.

Cons

Limited Interior Square Footage: With only 795 sqft, the interior living space is relatively small for a single-family home, which may not suit buyers seeking more expansive rooms or space.
Age of Original Structure: Despite extensive remodels, the core structure dates back to 1926, which could potentially lead to unforeseen maintenance or insurance considerations related to an older foundation.
ADU Conversion Requires Buyer Due Diligence: While ADU potential is high, the buyer is responsible for verifying conversion feasibility and costs with the city, adding a layer of uncertainty and effort.

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