1731 Iris Avenue
About This Property
The dining, living and family rooms flow comfortably together, creating an appealing setting for everyday life and entertaining. Recently refinished hardwood floors add warmth throughout the main living areas and bedrooms, while fresh interior paint, updated light fixtures and a freshly painted brick fireplace give the home a bright, refreshed feel. Additional features include double-pane windows, a dedicated laundry room and ample storage.
The updated kitchen features freshly painted floor-to-ceiling cabinetry, granite countertops and new stainless-steel appliances, including a double-door refrigerator and microwave. Newly installed linoleum flooring extends through the kitchen and bathrooms.
Outside, a substantial covered patio provides a shaded setting for dining, relaxing and gathering with friends. The patio opens to the expansive backyard, where mature Valencia orange, avocado and plum trees complement enhanced landscaping and a new irrigation system.
A detached two-car garage features a newly installed garage door and opener. Additional improvements include a newer high-efficiency gas furnace and a new water heater.
The central location places parks, shopping, dining, the natural beauty of Madrona Marsh and the recreational amenities of Wilson Park within easy reach. Downtown Torrance and Del Amo Fashion Center are also nearby, while access to Fern Elementary, Madrona Middle School and Torrance High School adds to the neighborhood's appeal.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2026 | In contract | - | |
| In contract | |||
| Oct 14, 2026 | Listed by Compass | $1,425,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017