$702,000
SOLD AUG 14, 2015

1138 W 164th St Gardena, CA 90247

6 Beds
4 Baths
2,981 Sq Ft
6,109 Sq Ft Lot

Recently Sold

$235 Per Sq Ft

5% Above List Price

16 Days on Market

About This Home

As of April 2016

Great multi-family investment property in Central Gardena. 4 units in with long term tenants. Convenient location for shopping, schools and transportation. 8 garage spaces. Traditional property with lots of potential for upside in rents. No rent control. Buyer to cooperate with Seller's 1031 Exchange.

Last Agent to Sell the Property

Lynn Lord

Estate Properties License #00932611 Listed on: 06/06/2015

Estate Properties

Last Buyer's Agent

Kenneth Feuer

Home Town Realty License #01060277

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,773

Year Built

  • Built in 1949

Lot Details

  • 6,109 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls

Parking

  • 8 Car Garage
  • Parking Available

Home Design

  • 2,981 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 6113018015

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • New Taxes Expense $8,362
  • Gross Income $2,850
  • Net Operating Income $34,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,773

Year Built

Built in 1949

Lot Details

0

Parking

8

Listing Details

  • Other Phone Description: Direct office
  • Other Phone Number: 310-703-1859
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Property Type: Residential Income
  • Parcel Number: 6113018015
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 235.49

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 6109.00
  • Price Per Lot Square Foot: 114.91
  • Lot Size Acres: 0.1400

Multi Family

  • Gross Income: 2850.00
  • Gross Scheduled Income: 34200.00
  • Lot Size Area: 6109.0000 Square Feet
  • Net Operating Income: 34200.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Rent Control: No
  • Total Actual Rent: 2850.00

Tax Info

  • New Taxes Expense: 8362.00
  • Tax Lot: 17
  • Tax Tract Number: 00
  • Tax Year: 2014

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
REMAX AEGIS
List Price
$1,150,000
Sold Price
$1,079,000
Premium/Discount to List
-$71,000
-6.17%
Current Estimated Value
$1,629,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$550,620
Avg. Annual Appreciation
4.55%
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

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Grant Deed $1,079,000 Progressive Title Company
Grant Deed $702,000 Progressive Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $558,000 New Conventional
Previous Owner $376,000 New Conventional
Previous Owner $561,600 New Conventional
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
2025 $15,773 $1,277,310 $448,655 $828,655
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: PV15122253

California Regional Multiple Listing Service (CRMLS)

APN: 6113-018-015