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  • $854,600

    703 Madrid Ave, Torrance, CA 90501

    2beds
    1baths
    864sqft
    SingleFamily
    Built in 1924
    6,969 Square Feet Lot
    $854,600 Zestimate®
    $989/sqft
    $3,288 Estimated rent

    Home value

    $854,600

    $786,000 - $923,000

    $3,288/mo

    Zestimate® history
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    What's special

    Bank of America short sale. List price is set by the 1st short sale lender. Chase is 2nd lender. R2 lot on 7,002 square feet lot! Lots of potential. The main house has 2 bedrooms, 1 bath with 864 square feet and in the back next to the garage there was permitted addition of a guest room and bathroom. The addition should be around another 550 square feet. So the total living area is around 1,402 square feet! Backside has a gate that fits another car parking. Buyer to verify permit directly with the city. Buyer to verify the R2 lots in Historic Old Torrance may not allow you to tear down a house more than 50% unless you get Planning Commission Approval. AS-IS sale. Please do not disturb occupants! Front unit occupant has a dog so be aware.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    Heating
    • Wall
    Cooling
    • None
    Interior area
    • Total interior livable area: 864 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage - Detached
    Lot
    • Size: 6,969 Square Feet
    Details
    • Parcel number: 7354003017

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Conventional
    Materials
    • Roof: Other
    Condition
    • Year built: 1924

    Community & HOA

    Location
    • Region: Torrance

    Financial & listing details

    • Price per square foot: $989/sqft
    • Tax assessed value: $480,246
    • Annual tax amount: $5,680

    Price history

    DateEventPrice
    12/7/2012Sold$390,000+4%$451/sqft
    Source: Public Record Report a problem
    5/27/2012Listed for sale$375,156+17.2%$434/sqft
    Source: Re/Max Execs #S12026441 Report a problem
    3/3/2012Listing removed$320,000$370/sqft
    Source: RE/MAX EXECS #S12026441 Report a problem
    2/29/2012Listed for sale$320,000+120.7%$370/sqft
    Source: Re/Max Execs #S12026441 Report a problem
    4/28/2011Listing removed$1,750$2/sqft
    Source: vFlyer Rentals Report a problem
    4/22/2011Listed for rent$1,750$2/sqft
    Source: vFlyer Rentals Report a problem
    3/17/1995Sold$145,000-42.6%$168/sqft
    Source: Public Record Report a problem
    7/6/1994Sold$252,765$293/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,680 +2%$480,246 +2%
    2024$5,568 +1.8%$470,830 +2%
    2023$5,467 +1.4%$461,599 +2%
    2022$5,393 +1.8%$452,549 +2%
    2021$5,296 +1.5%$443,677 +1%
    2020$5,218 $439,129 +2%
    2019$5,218 +6%$430,519 +2%
    2018$4,921 $422,078 +2%
    2017$4,921 +2.2%$413,803 +2%
    2016$4,816 +2.4%$405,690 +1.5%
    2015$4,703 +4.9%$399,597 +2%
    2014$4,484 $391,770 +102.1%
    2012-- $193,890 +2%
    2011-- $190,089 +0.8%
    2010-- $188,669 -0.2%
    2009-- $189,118 +2%
    2008-- $185,411 +2%
    2007-- $181,776 +2%
    2006-- $178,213
    2005-- $178,213 +4%
    2004-- $171,295 +1.9%
    2003-- $168,157 +2%
    2002-- $164,861 +4%
    2000-- $158,461
    Find assessor info on the county website

    Neighborhood: Olde Torrance

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: TORRANCE UNIFIED

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $854,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $854,600