Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,895,000
Apartment buildings
23135 Madison St Torrance, CA 90505-3923
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6425230
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Construction
WOOD
Total area
30,504 SF
Lot
0.74 ac (32,094 SF)
Zoning code
TORR-MH
APN
7378-003-117
UPID
US09-6425230
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Madison Park Apartments Apartment Complex
-
D7Entertainment Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.45M
Blend (final)
Blend
$10.90M
Owner & transaction history
Madison Park Investment LP · 2 yrs held
Madison Park Investment LP
since 2023
Last sale
$11.1M
7 recorded transactions
Zoning & alternative use
TORR-MH · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.1M
+53.4%
Medical building
$13.9M
+50.8%
Warehouse, storage
$12.2M
+33.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Torrance submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Torrance submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$10,595,000
ML approach
$9,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,195,000
Current use
AUTO REPAIR, GARAGE
$14,110,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$13,865,000
Change: +51% · Conversion: Moderate
WAREHOUSE, STORAGE
$12,240,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$10,410,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$10.90M
Range $9.81M – $11.98M · ±10% · vs last sale $11.09M (Dec 14 2023)
Last sale anchor
$11.09M
Dec 14 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$357 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$130,921
Tax year 2024
Assessed value
$11,098,000
Assessed 2024
Previous assessed
$11,098,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$3,089,000
Assessed improvement
$8,009,000
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1969
Construction
WOOD
Heating
NONE
Units
36
Bathrooms
54
Total area
30,504 SF
Lot
0.74 ac (32,094 SF)
Zoning code
TORR-MH
APN
7378-003-117
UPID
US09-6425230
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TORR-MH · Torrance, CA
Zoning TORR-MH · permitted uses
TORR-MH · Torrance, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Torrance. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.2M
AUTO REPAIR, GARAGE
Est. value
$14.1M
MEDICAL BUILDING
Est. value
$13.9M
WAREHOUSE, STORAGE
Est. value
$12.2M
RETAIL STORES
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
WOOD
Heating
NONE
Units
36
Bathrooms
54
Lot
0.74 ac
Current owner
From public records · entity-resolved
Madison Park Investment LP
Entity
Free & Clear · 2 yrs held
Mailing address
43 MALAGA CV PLZ STE D, PALOS VERDES ESTATES, CA 90274-1346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
Madison Park Investment LP
—
Deed
related
$5,925,000 · Us Bank NA
Dec 14, 2023
$11,089,000
Madison Park Investment LP
Unison Investment
Grant Deed
—
Oct 7, 2011
$7,200,000
Unison Investment
Madison South Bay
Grant Deed
$3,850,000 · Malaga Bank Fsb
Sep 15, 2011
—
Madison South Bay LLC
Hung,tyrone L
Grant Deed
—
Jan 24, 2011
—
Tyrone L Hung
Hung,lisa
Quit Claim Deed
related
—
Jan 21, 2011
—
Tyrone L Hung
Hung Trust
Quit Claim Deed
related
—
Dec 12, 2001
—
Hung,lisa Tr
Tsai,t & M
Quit Claim Deed
related
—
Jan 10, 1989
—
Hung Tsai Ent
Hung Sun J&tina
Quit Claim Deed
related
—
—
—
Hung Trust
—
Deed Of Trust
related
$350,000 · Malaga Bank Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23135 Madison St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
