NOT LISTED FOR SALE

1014 Cerise Ave Torrance, CA 90503

Central Torrance Neighborhood

Estimated Value: $1,290,000 - $1,595,000

4 Beds
3 Baths
2,035 Sq Ft
$722/Sq Ft Est. Value

Last Sold February 02, 2024

Last sale price $1,457,500 $716 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,856/month

14 Days on Market

Highlights

  • Lawn
  • Ductless Heating Or Cooling System
  • Landscaped
  • Fern Elementary School Rated A
  • Laundry Room
  • 1-Story Property

About This Home

As of February 2024

Two houses on a lot with no common walls in beautiful Torrance Gardens! Both single story homes are tenant occupied and have remodeled kitchens with stainless steel appliances, stone countertops and in unit laundry areas. The 3 bed 2 bath front house has a spacious kitchen with island, home office nook and newly constructed primary en suite bath. The 1 bed 1 bath back house (ADU) is a comfortable 721 sqft with a mini split HVAC system and was fully permitted by the City of Torrance. Outdoor patio areas for both units which are separated by a vinyl fence for privacy. 3 parking spaces which can accommodate RV or boat parking. This property is in great shape and is conveniently located on a beautiful tree lined street in central Torrance. Just minutes from shopping, restaurants, malls, hospitals and HIGHLY RATED SCHOOLS!!

Last Agent to Sell the Property

Gregory Roberts

Coldwell Banker Realty License #01376549 Listed on: 01/04/2024

Coldwell Banker Realty

Last Buyer's Agent

John (Fitz) Dietz

Vista Sotheby’s International Realty License #02015144

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 4,867 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Lawn

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,035 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Ductless Heating Or Cooling System

Listing and Financial Details

  • Tax Lot 134
  • Tax Tract Number 16700
  • Assessor Parcel Number 7353010030

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Insurance Expense $1,200
  • Water Sewer Expense $1,200
  • New Taxes Expense $18,750
  • Operating Expense $22,050
  • Gross Income $83,400
  • Net Operating Income $61,350

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

4,867 Sq Ft Lot

Listing Details

  • CapRate: 4.00
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Zoning: TORR-LO
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7353010030
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 716.22

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Lawn
  • Lot Size Sq Ft: 4867.00
  • Lot Size Acres: 0.1117

Multi Family

  • Average1 Bed Area: 721 Square Feet
  • Average3 Bed Area: 1314 Square Feet
  • Gross Income: 83400.00
  • Gross Multiplier: 18.00
  • Gross Scheduled Income: 83400.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 4867.0000 Square Feet
  • Net Operating Income: 61350.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 22050.00
  • Operating Expense Percent: 26.00
  • Rent Control: No
  • Total Expenses: 22050.00

Tax Info

  • New Taxes Expense: 18750.00
  • Tax Census Tract: 6504.01
  • Tax Lot: 134
  • Tax Tract Number: 16700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Jan 25, 2024
Sold by
Fusco Matthew
Bought by
Hatton Claire Tiernan
Seller's Agent
Gregory Roberts
Coldwell Banker Realty
Buyer's Agent
John (Fitz) Dietz
Vista Sotheby’s International Realty
List Price
$1,500,000
Sold Price
$1,457,500
Premium/Discount to List
-$42,500
-2.83%
Views
32
Current Estimated Value
$1,469,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,570
Avg. Annual Appreciation
0.37%

Purchase Details

Listed on
Jan 4, 2024
Closed on
Jan 22, 2024
Sold by
Velarde Hector Leon and Colwell Heather
Bought by
Hatton Cameron B and Hatton Claire Tiernan
Seller's Agent
Gregory Roberts
Coldwell Banker Realty
Buyer's Agent
John (Fitz) Dietz
Vista Sotheby’s International Realty
List Price
$1,500,000
Sold Price
$1,457,500
Premium/Discount to List
-$42,500
-2.83%
Views
32

Purchase Details

Closed on
Sep 3, 2002
Sold by
Smoot Frank and Smoot Jonna
Bought by
Gutierrez Ramon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
5.62%

Purchase Details

Closed on
Jun 7, 1999
Sold by
Johnson Family Trust and Maria
Bought by
Smoot Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
7.2%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hatton Claire Tiernan -- First American Title
Hatton Cameron B $1,457,500 First American Title
Gutierrez Ramon $425,000 Chicago Title Co
Smoot Frank $262,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gutierrez Ramon $340,000
Previous Owner Smoot Frank $210,000
Closed Smoot Frank $26,250
Closed Gutierrez Ramon $63,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/02/2024 02/02/24 Sold $1,457,500 -2.8% $716 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $1,500,000 0.0% $737 / Sq Ft
11/13/2023 11/13/23 Rented $4,200 0.0% --
11/02/2023 11/02/23 For Rent $4,200 0.0% --
07/19/2022 07/19/22 Sold $1,163,000 +3.4% $827 / Sq Ft View Prior Sale
06/10/2022 06/10/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $1,125,000 -- $800 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,552 $1,486,140 $1,071,000 $415,140
2024 $13,552 $1,186,260 $892,500 $293,760
2023 $13,298 $1,163,000 $875,000 $288,000
2022 $6,785 $580,017 $464,020 $115,997
2021 $6,661 $568,645 $454,922 $113,723
2019 $6,467 $551,780 $441,430 $110,350
2018 $6,252 $540,962 $432,775 $108,187
2016 $5,975 $519,958 $415,971 $103,987
2015 $5,844 $512,149 $409,723 $102,426
2014 $5,692 $502,118 $401,698 $100,420
Source: Public Records

Agents Affiliated with this Home

  • Gregory Roberts

    Seller's Agent in 2024

    Gregory Roberts

    Coldwell Banker Realty

    (310) 881-1152

    4 in this area

    70 Total Sales

    Gregory Roberts
    Section Image

  • J

    Buyer's Agent in 2024

    John (Fitz) Dietz

    Vista Sotheby’s International Realty

    (310) 622-5539

    1 in this area

    15 Total Sales

    John (Fitz) Dietz
    Section Image
  • Ray Millman

    Seller's Agent in 2022

    Ray Millman

    Compass

    (424) 634-7662

    22 in this area

    136 Total Sales

    Ray Millman
    Section Image
  • Jon Millman

    Seller Co-Listing Agent in 2022

    Jon Millman

    Compass

    (310) 465-2307

    22 in this area

    104 Total Sales

    Jon Millman
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24002214

California Regional Multiple Listing Service (CRMLS)

APN: 7353-010-030

California Los Angeles County Torrance 90503 Central Torrance

1014 Cerise Ave, Torrance, CA

Not Listed for Sale

MultiFamily

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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