NOT LISTED FOR SALE

1138 W 164th St Gardena, CA 90247

Estimated Value: $1,134,000 - $1,907,071

6 Beds
4 Baths
2,981 Sq Ft
$504/Sq Ft Est. Value

Last Sold April 27, 2016

Last sale price $1,079,000 $362 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $9,284/month

17 Days on Market

Highlights

  • Wood Flooring
  • Recessed Lighting
  • Landscaped
  • Fireplace in Patio
  • Laundry Room
  • Ceiling Fan

About This Home

As of April 2016

Imagine, 6.1 Cap Rate! Turnkey Totally Remodeled 4 units, Best South Gardena location. One Townhouse style 2 bed owner's unit with 1.5 baths, One lg. 2 bed., Two 1 Bed's. 8 garages on property (2-car garage attached to front owner's unit). Each unit has new Stainless Steel Stove, Microwave, mirrored closets, recessed lighting, ceiling fan, tile or wood or wood laminate flooring, many extras. Total actual income $7090/month. All units totally remodeled, Building newly painted. All Units have their own laundry hook-ups and garage(s), extra income from garage. New concrete apron in alley off garages, Lawn sprinklers/timer. Completely redone inside and out.

Last Agent to Sell the Property

Kenneth Feuer

Home Town Realty License #01060277 Listed on: 02/12/2016

Last Buyer's Agent

Jerry Carew

3 Leaf Realty Inc License #01374136

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,773

Year Built

  • Built in 1949

Lot Details

  • 6,107 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Front and Back Yard Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Front Facing Garage
  • Rear-Facing Garage

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 2,981 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Electric Fireplace
  • Gas Fireplace
  • Blinds
  • Window Screens

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Fireplace in Patio
  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Tax Lot 17
  • Tax Tract Number 6031
  • Assessor Parcel Number 6113018015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 3 Separate Water Meters
  • Gardener Expense $480
  • Insurance Expense $2,400
  • Water Sewer Expense $1,920
  • New Taxes Expense $13,800
  • Gross Income $7,090
  • Net Operating Income $66,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,773

Year Built

Built in 1949

Lot Details

0

Parking

8

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Water Sewer Expenses: 1920.00
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 6113018015
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Fireplace Features: Electric, Gas, Patio
  • Levels: Two
  • Price Per Square Foot: 361.96
  • Room Type: All Bedrooms Up
  • Window Features: Blinds, Screens

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage Faces Front, Garage Faces Rear
  • Total Parking Spaces: 16.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Gas Dryer Hookup, In Garage, Inside, Washer Hookup
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre, Landscaped, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 6107.00
  • Price Per Lot Square Foot: 176.68
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Water

Multi Family

  • Gross Income: 7090.00
  • Gross Scheduled Income: 85080.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 6107.0000 Square Feet
  • Net Operating Income: 66420.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 4
  • Number With Dishwasher: 1
  • Number With Disposal: 4
  • Number With Patio: 1
  • Number With Range: 4
  • Operating Expense: 18660.00
  • Other Income Description: 1 Gar. rented separately $150
  • Rent Control: No
  • Total Actual Rent: 7090.00

Tax Info

  • New Taxes Expense: 13800.00
  • Tax Lot: 17
  • Tax Tract Number: 6031.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2016
Closed on
Mar 8, 2016
Sold by
Feuer Kenneth M
Bought by
Redmond George David and Redmond Kelli Renee
Seller's Agent
Kenneth Feuer
Home Town Realty
Buyer's Agent
Jerry Carew
3 Leaf Realty Inc
List Price
$1,150,000
Sold Price
$1,079,000
Premium/Discount to List
-$71,000
-6.17%
Total Days on Market
17
Current Estimated Value
$1,501,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,768
Avg. Annual Appreciation
3.70%
Original Mortgage
$376,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 6, 2015
Closed on
Aug 3, 2015
Sold by
Maestas Joe E and Maestas Elaine Smith
Bought by
Feuer Kenneth M
Seller's Agent
Lynn Lord
Estate Properties
Buyer's Agent
Kenneth Feuer
Home Town Realty
List Price
$669,000
Sold Price
$702,000
Premium/Discount to List
$33,000
4.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
84.80%
Original Mortgage
$561,600
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 1998
Sold by
Maestas Joe E and Maestas Elaine S
Bought by
Maestas Joe E and Maestas Elaine Smith
Source: Public Records

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Range of Values:

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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
Redmond George David $1,079,000 Progressive Title Company
Feuer Kenneth M $702,000 Progressive Title Company
Maestas Joe E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redmond George David $558,000
Previous Owner Redmond George David $376,000
Previous Owner Feuer Kenneth M $561,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2016 04/27/16 Sold $1,079,000 -6.2% $362 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $1,150,000 +63.8% $386 / Sq Ft
08/14/2015 08/14/15 Sold $702,000 +4.9% $235 / Sq Ft
06/22/2015 06/22/15 Pending -- -- --
06/06/2015 06/06/15 For Sale $669,000 -- $224 / 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
2024 $15,773 $1,252,265 $439,858 $812,407
2023 $15,490 $1,227,712 $431,234 $796,478
2022 $14,721 $1,203,640 $422,779 $780,861
2021 $14,569 $1,180,040 $414,490 $765,550
2019 $14,097 $1,145,042 $402,197 $742,845
2018 $13,911 $1,122,591 $394,311 $728,280
2016 $8,859 $702,000 $350,000 $352,000
2015 $2,223 $136,435 $35,681 $100,754
2014 $2,239 $133,764 $34,983 $98,781
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16029699

California Regional Multiple Listing Service (CRMLS)

APN: 6113-018-015