NOT LISTED FOR SALE

Estimated Value: $861,654

4 Beds
2 Baths
1,524 Sq Ft
$565/Sq Ft Est. Value

Sale Details

Date Sold: October 31, 2022

Last sale price $750,000 $492 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,613 / mo

31 Days on Market

About This Home

As of October 2022

Great investment opportunity for someone looking to generate passive income! Torrance Duplex boasting two detached units. Consisting of a 2 bed/1 bath layout and separated by a nice block wall, the units have their own yards giving tenants privacy and their own exterior space. Each unit has its own gas (2 total) and electric meter (2 total). Fresh paint paint, new carpet, and lighting can be found in all units. The front unit presents a private front/back yard, new kitchen cabinets, a 1 car garage complete with washer and electric dryer hookups. A roomy driveway, large front yard, and bonus area equipped with washer and electric dryer hookups are showcased in the back unit. Because the owner is only responsible for water, home insurance, and standard maintenance, the cash flow potential is very promising with market rent rates showing $2,500-$2,800/month earning potential. With some TLC, these units can definitely be leased at market rent! Conveniently located near the 110 FWY, UCLA Medical Center, The Links at Victoria Golf Course, Los Angeles Harbor College, and Ken Malloy Harbor Regional Park.

Last Agent to Sell the Property

Elizabeth Do

Keller Williams Realty License #01473012 Listed on: 09/21/2022

Keller Williams Realty

Last Buyer's Agent

Austin Zahn

Lyon Stahl Investment Real Estate, Inc. License #01936451

Lyon Stahl Investment Real Estate, Inc.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,800 Sq Ft Lot
  • No Common Walls
  • Back and Front Yard

Parking

  • 1 Car Garage

Home Design

  • 1,524 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in Garage
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 3239
  • Assessor Parcel Number 7344009021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $1,392
  • Operating Expense $1,392
  • Net Operating Income $44,208

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

6,800 Sq Ft Lot

Parking

1

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1392.00
  • Zoning: LCA1*
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7344009021
  • Year Built: 1954
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 492.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Electric Dryer Hookup, In Garage, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 6800.00
  • Lot Size Acres: 0.1561

Multi Family

  • Gross Scheduled Income: 45600.00
  • Lot Size Area: 6800.0000 Square Feet
  • Net Operating Income: 44208.00
  • 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: 1392.00
  • Rent Control: Yes
  • Total Expenses: 1392.00

Tax Info

  • Tax Census Tract: 5435.03
  • Tax Lot: 23
  • Tax Tract Number: 3239

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2012
Sold by
Bought by
Current Estimated Value
$861,654

Purchase Details

Closed on
Aug 24, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $120,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/31/2022 10/31/22 Sold $750,000 -1.3% $492 / Sq Ft
10/22/2022 10/22/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $760,000 0.0% $499 / Sq Ft
10/01/2022 10/01/22 Pending -- -- --
09/21/2022 09/21/22 For Sale $760,000 -- $499 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,415 $780,300 $676,260 $104,040
2024 $10,125 $765,000 $663,000 $102,000
2023 $9,776 $750,000 $650,000 $100,000
2022 $2,812 $181,377 $104,352 $77,025
2021 $2,780 $177,821 $102,306 $75,515
2020 $2,795 $175,998 $101,257 $74,741
2019 $2,698 $172,548 $99,272 $73,276
2018 $2,608 $169,166 $97,326 $71,840
2016 $2,480 $162,599 $93,548 $69,051
2015 $2,435 $160,157 $92,143 $68,014
2014 $2,437 $157,021 $90,339 $66,682
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC22205448

California Regional Multiple Listing Service (CRMLS)

APN: 7344-009-021

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