S
Seller's Agent in 2023
Salman Muttalib
C-21 Astro
(562) 924-3381
1 in this area
1 Total Sale
1110 255th St Harbor City, CA 90710
Harbor City NeighborhoodEstimated Value: $1,268,000 - $1,573,000
12
Beds
8
Baths
5,334
Sq Ft
$266/Sq Ft
Est. Value
Highlights
- No HOA
- Laundry Room
- Tile Flooring
About This Home
As of July 2023Excellent opportunity to own well maintained Fourplex all 3 bed 2 bath units in the South Bay area with proximity to 110 freeway, beaches and shopping. Very spacious units, two units approx 1369 sqft & the other two units approx 1298 sqft with washer & dryer hookups. This apartment building makes up to total of 5334 sqft in living space situated on a 7004 sqft lot. (These are estimates buyer to verify lot size & built area).Each unit is separately metered for Electric & Gas. Tenant pays for gas, electric & trash.
Given the property’s ideal South Bay location and significant upside rent potential it is a once in a life time investment opportunity for an investor seeking growth and stability and at the same time is an appropriate hedge against inflation.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,756
Year Built
- Built in 1963
Lot Details
- 7,004 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Slab Foundation
Interior Spaces
- 5,334 Sq Ft Home
- 2-Story Property
- Tile Flooring
Kitchen
- Gas Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 5 Open Parking Spaces
- 5 Parking Spaces
- Parking Available
- Driveway
Additional Features
- Exterior Lighting
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity, gas, water
- Legal Lot and Block 2 / 40
- Tax Tract Number 1589
- Assessor Parcel Number 7413011032
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Insurance Expense $1,800
- Water Sewer Expense $686
- Operating Expense $30,254
- Gross Income $92,602
- Net Operating Income $62,348
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2023
Closed on
May 11, 2023
Sold by
Ahmed Salman and Ahmed Lubna
Bought by
Aung Hla Revocable Living Trust and Hla
Seller's Agent
Salman Muttalib
C-21 Astro
Buyer's Agent
Salim Patel
The Realestate Group
List Price
$1,450,000
Sold Price
$1,300,000
Premium/Discount to List
-$150,000
-10.34%
Views
106
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,343
Avg. Annual Appreciation
3.50%
Original Mortgage
$975,000
Interest Rate
6.39%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 22, 1997
Sold by
Mary L Sunjara Trust Sunjara Sime And Mary L
Bought by
Ahmed Salman
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,500
Interest Rate
7.22%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Aung Hla Revocable Living Trust | $1,300,000 | Fidelity National Title | |
| Ahmed Salman | $264,000 | Investors Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Aung Hla Revocable Living Trust | $975,000 | |
| Previous Owner | Ahmed Salman | $287,550 | |
| Previous Owner | Ahmed Salman | $370,000 | |
| Previous Owner | Ahmed Salman | $119,319 | |
| Previous Owner | Ahmed Salman | $372,000 | |
| Previous Owner | Ahmed Salman | $280,000 | |
| Previous Owner | Ahmed Salman | $253,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2023 07/03/23 | Sold | $1,300,000 | -10.3% | $244 / Sq Ft |
| 04/18/2023 04/18/23 | Pending | -- | -- | -- |
| 02/20/2023 02/20/23 | For Sale | $1,450,000 | -- | $272 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $16,756 | $1,326,000 | $1,020,000 | $306,000 |
| 2024 | $16,756 | $1,300,000 | $1,000,000 | $300,000 |
| 2023 | $6,009 | $405,151 | $130,444 | $274,707 |
| 2022 | $5,760 | $397,208 | $127,887 | $269,321 |
| 2021 | $5,657 | $389,421 | $125,380 | $264,041 |
| 2019 | $5,501 | $377,872 | $121,662 | $256,210 |
| 2018 | $5,354 | $370,464 | $119,277 | $251,187 |
| 2016 | $5,064 | $356,081 | $114,647 | $241,434 |
| 2015 | $4,989 | $350,733 | $112,925 | $237,808 |
| 2014 | $5,018 | $343,863 | $110,713 | $233,150 |
Source: Public Records
Agents Affiliated with this Home
-
Salman Muttalib
-
Salim Patel
Buyer's Agent in 2023
Salim Patel
The Realestate Group
(310) 528-4271
2 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS23029437
APN: 7413-011-032
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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