Luis Gallegos
Keller Williams Pacific Estates
(562) 337-3981
35 Total Sales
1 in East Torrance
$950,000 Price
1225 Cota Ave Torrance, CA 90501
East Torrance NeighborhoodEstimated Value: $1,450,229
4
Beds
4
Baths
2,471
Sq Ft
$587/Sq Ft
Est. Value
Highlights
- Solar Power System
- Wood Flooring
- No HOA
- Torrance Elementary School Rated A-
- Stone Countertops
- Neighborhood Views
About This Home
As of June 2024One of the finest investment properties you will find in Torrance and beyond! Nestled in the heart of charming Old Torrance, this pristine duplex presents an exceptional investment opportunity. Boasting a prime location near breweries, restaurants, bars, and shops, this property offers the perfect blend of urban convenience and residential tranquility. Featuring two spacious units, each with 2 bedrooms and over 1200 square feet of living space, it caters to both comfort and functionality. Modern amenities abound, with stone countertops gracing the kitchens and baths, hardwood and tile flooring throughout, and the added luxury of air conditioning, artificial turf, and solar panels. Parking is a breeze with a 2-car garage for each unit, while the front unit stands as a charming freestanding house, exuding classic appeal. Built in 2007, the back unit ensures modern construction standards and efficiency. Whether you're expanding your investment portfolio or seeking your first investment property, this duplex offers the best of both worlds in Old Torrance's vibrant community. Schedule your viewing today and seize the opportunity to own a piece of Torrance's rich history with contemporary flair.
Last Agent to Sell the Property
Real Brokerage Technologies, Inc. Brokerage Phone: 310-400-0536 License #01746853 Listed on: 05/16/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1924 | Remodeled
Lot Details
- 7,003 Sq Ft Lot
- No Common Walls
- Wood Fence
- Front Yard
Parking
- 2 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Two Garage Doors
Home Design
- Duplex
- Entry on the 1st floor
- Turnkey
- Shingle Roof
Interior Spaces
- 2,471 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Double Pane Windows
- Living Room with Fireplace
- Neighborhood Views
- Laundry Room
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
- Stone Countertops
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Additional Features
- Solar Power System
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 9 / 59
- Tax Tract Number 5
- Assessor Parcel Number 7355005009
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Amenities
- Laundry Facilities
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,300
- Insurance Expense $2,700
- Maintenance Expense $4,500
- Trash Expense $734
- Water Sewer Expense $800
- Operating Expense $10,034
- Gross Income $75,000
- Net Operating Income $64,966
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
Listed on
May 16, 2024
Closed on
Jun 14, 2024
Sold by
Mc Clure Trust and Magallanes Julianne
Bought by
Seller's Agent
Benjamin Larson
Real Brokerage Technologies, Inc.
Buyer's Agent
Krissy Mussenden
Buckingham Investments, Inc
List Price
$1,300,000
Sold Price
$1,370,000
Premium/Discount to List
$70,000
5.38%
Views
18
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
$80,229
Avg. Annual Appreciation
2.57%
Original Mortgage
$1,027,500
Interest Rate
7.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 30, 2020
Sold by
Mc Clure Trust
Bought by
Mcclure June
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 26, 2008
Sold by
Mcclure Jerome M and Mc Clure Jerome
Bought by
Mcclure Jerome M and Mc Clure June
Purchase Details
Closed on
Apr 21, 2003
Sold by
Peterson Eugene M and Peterson Ora M
Bought by
Mcclure Jerome and Mcclure June
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,500
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Torrance, CA
-
Luis Gallegos
-
Dennis Hartley
Dennis Hartley
Compass
(424) 541-1237
60 Total Sales
1 in East Torrance
$1,024,000 Price
-
Aaron Aalcides
Aaron Aalcides
Epique Realty
(424) 344-4752
58 Total Sales
3 in East Torrance
$80K - $483K Price Range
-
Tomoko Maruo
Tomoko Maruo
Indigo - A Real Estate Company
(424) 533-7926
17 Total Sales
1 in East Torrance
$955,000 Price
-
Molly First
Molly First
Lyon Stahl Investment Real Estate, Inc.
(310) 734-4096
18 Total Sales
1 in East Torrance
$1,695,750 Price
-
Dave Smith
Dave Smith
REMAX Professionals
(424) 373-7838
75 Total Sales
1 in East Torrance
$725,000 Price
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 |
|---|---|---|---|
| $1,370,000 | Upward Title Company | ||
| Mcclure June | -- | Amrock | |
| Mc Clure Trust | -- | Amrock | |
| Mcclure Jerome M | -- | None Available | |
| Mcclure Jerome | $415,000 | Ctt |
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 |
|---|---|---|---|
| Open | $307,500 | ||
| Open | Daniel And Narcisa Palma Trust | $1,036,500 | |
| Closed | Daniel And Narcisa Palma Trust | $1,027,500 | |
| Previous Owner | Mcclure June Mc | $330,000 | |
| Previous Owner | Mcclure Jerome | $373,500 |
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 |
|---|---|---|---|---|
| 06/21/2024 06/21/24 | Sold | $1,370,000 | +5.4% | $554 / Sq Ft |
| 05/30/2024 05/30/24 | Pending | -- | -- | -- |
| 05/16/2024 05/16/24 | For Sale | $1,300,000 | -- | $526 / 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 |
|---|---|---|---|---|
| 2026 | $16,010 | $1,425,348 | $1,009,188 | $416,160 |
| 2025 | $16,010 | $1,397,400 | $989,400 | $408,000 |
| 2024 | $9,147 | $780,617 | $478,511 | $302,106 |
| 2023 | $8,979 | $765,312 | $469,129 | $296,183 |
| 2022 | $8,858 | $750,307 | $459,931 | $290,376 |
| 2021 | $8,691 | $735,596 | $450,913 | $284,683 |
| 2020 | $8,562 | $728,054 | $446,290 | $281,764 |
| 2019 | $8,440 | $713,780 | $437,540 | $276,240 |
| 2018 | $8,134 | $699,785 | $428,961 | $270,824 |
| 2016 | $7,761 | $672,612 | $412,304 | $260,308 |
| 2015 | $7,592 | $662,509 | $406,111 | $256,398 |
| 2014 | $6,960 | $610,533 | $398,156 | $212,377 |
Source: Public Records
Agents Affiliated with this Home
-
Benjamin Larson
Seller's Agent in 2024
Benjamin Larson
Real Brokerage Technologies, Inc.
(310) 400-0536
1 in this area
35 Total Sales
-
Krissy Mussenden
Buyer's Agent in 2024
Krissy Mussenden
Buckingham Investments, Inc
(407) 341-3254
1 in this area
30 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24094209
APN: 7355-005-009
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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