NOT LISTED FOR SALE

1119 W 158th St Gardena, CA 90247

Estimated Value: $1,103,000 - $1,384,000

6 Beds
4 Baths
2,744 Sq Ft
$467/Sq Ft Est. Value

Last Sold November 27, 2018

Last sale price $950,000 $346 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $8,084/month

4 Days on Market

Highlights

  • Laundry Room
  • Level Lot
  • Wall Furnace

About This Home

As of November 2018

4 Units in Desirable South Gardena ! 2744 Sqft Building on a 7600 Sqft lot with 4 car covered parking. Best value for neighborhood and price. Not under Rent Control.
Unit Mix: (2 Units ) 2 Bedrooms, 1 Bath. (2 Units ) 1 Bedroom, 1 Bath.
Current rents are: $1600, $1600, $1250, and $1065. Total $5,515 monthly rent. Fantastic South of Redondo Beach Blvd. location, on a cul-de-sac location. 3 of the units kitchens have upgraded cabinets, granite counter tops, dishwashers, and ceiling fans. The previous owner stated copper plumbing, ABS piping, and new windows. All units have their own laundry hookups. Currently professionally managed. This is the building you have been waiting for !

Last Agent to Sell the Property

Ken Conant

Estate Properties License #00851703 Listed on: 09/27/2018

Last Buyer's Agent

Carol Tseng

Carol Tseng, Broker License #01363366

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,189

Year Built

  • Built in 1955

Lot Details

  • 7,600 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 2,744 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 25
  • Tax Tract Number 18614
  • Assessor Parcel Number 6113032016

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $946
  • Water Sewer Expense $2,373
  • New Taxes Expense $12,500
  • Operating Expense $23,103
  • Gross Income $61,756
  • Net Operating Income $51,153

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,189

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2373.00
  • Zoning: GAR3
  • Property Type: Residential Income
  • Parcel Number: 6113032016
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 346.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Unknown
  • Trash Expense: 946.00

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Sq Ft: 7600.00
  • Lot Size Acres: 0.1745

Multi Family

  • Gross Income: 61756.00
  • Gross Scheduled Income: 61756.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7600.0000 Square Feet
  • Net Operating Income: 51153.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 10603.00
  • Rent Control: No
  • Total Expenses: 23103.00

Tax Info

  • New Taxes Expense: 12500.00
  • Tax Census Tract: 6031.01
  • Tax Lot: 25
  • Tax Tract Number: 18614

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2018
Closed on
Oct 15, 2018
Sold by
Hurley Pamela Jean and The Hurley Living Trust
Bought by
Ostroff Peter I and Ostroff Anne Y
Seller's Agent
Ken Conant
Estate Properties
Buyer's Agent
Carol Tseng
Carol Tseng, Broker
List Price
$995,000
Sold Price
$950,000
Premium/Discount to List
-$45,000
-4.52%
Current Estimated Value
$1,281,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,902
Avg. Annual Appreciation
4.99%
Original Mortgage
$712,500
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2014
Sold by
Hurley Michael Sands
Bought by
Hurley Pamela Jean and Hurley Living Trust

Purchase Details

Listed on
Sep 30, 2013
Closed on
Nov 19, 2013
Sold by
Goichini Ramtin
Bought by
Hurley Michael Sands
Seller's Agent
Rodman Amiri
Merit Real Estate
Buyer's Agent
Ken Conant
Estate Properties
List Price
$779,000
Sold Price
$787,000
Premium/Discount to List
$8,000
1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.51%
Original Mortgage
$224,596
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2011
Sold by
Golchini Ramtin
Bought by
Golchini Ramtin and Golchini Faraz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2008
Sold by
Amax Jdn Llc
Bought by
Golchini Ramtin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,750
Interest Rate
6.41%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2007
Sold by
Wati Suri
Bought by
Amax Jdn Llc

Purchase Details

Closed on
Nov 4, 2006
Sold by
Satya Hardy
Bought by
Wati Suri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,250
Interest Rate
6.28%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 3, 2006
Sold by
Wati Suri
Bought by
Satya Hardy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,250
Interest Rate
6.28%
Mortgage Type
Unknown

Purchase Details

Closed on
May 25, 2005
Sold by
Merrill John
Bought by
Wati Suri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,800
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 24, 2005
Sold by
Robison Leon and Robison Judith A
Bought by
Wati Suri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,800
Interest Rate
5.74%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 3, 2003
Sold by
Robison Judith Ann
Bought by
Robison Leon
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ostroff Peter I $950,000 Progressive Title Company In
Hurley Pamela Jean -- None Available
Hurley Michael Sands $787,000 Lawyers Title
Golchini Ramtin -- Progressive Title Company
Golchini Ramtin $629,000 Progressive Title Company
Amax Jdn Llc -- None Available
Wati Suri -- None Available
Satya Hardy $830,000 Provident Title
Wati Suri -- Provident Title Company
Wati Suri $710,909 Provident Title Company
Robison Leon -- --
Robison Judith Ann -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ostroff Peter I $702,200
Closed Ostroff Peter I $705,000
Closed Ostroff Peter I $712,500
Previous Owner Hurley Michael Sands $224,596
Previous Owner Golchini Ramtin $463,000
Previous Owner Golchini Ramtin $471,750
Previous Owner Satya Hardy $80,250
Previous Owner Satya Hardy $71,500
Previous Owner Satya Hardy $660,000
Previous Owner Wati Suri $568,800
Closed Wati Suri $106,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2018 11/27/18 Sold $950,000 -4.5% $346 / Sq Ft
09/27/2018 09/27/18 For Sale $995,000 +26.4% $363 / Sq Ft
12/04/2013 12/04/13 Sold $787,000 +1.0% $287 / Sq Ft
10/07/2013 10/07/13 Pending -- -- --
09/30/2013 09/30/13 For Sale $779,000 -- $284 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $13,189 $1,059,738 $669,309 $390,429
2024 $13,189 $1,038,960 $656,186 $382,774
2023 $12,953 $1,018,589 $643,320 $375,269
2022 $12,315 $998,617 $630,706 $367,911
2021 $12,187 $979,038 $618,340 $360,698
2020 $12,286 $969,000 $612,000 $357,000
2019 $11,794 $950,000 $600,000 $350,000
2018 $10,688 $847,885 $627,027 $220,858
2016 $10,216 $814,963 $602,680 $212,283
2015 $10,047 $802,723 $593,628 $209,095
2014 $10,052 $787,000 $582,000 $205,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18234911

California Regional Multiple Listing Service (CRMLS)

APN: 6113-032-016