NOT LISTED FOR SALE

Estimated Value: $1,029,000 - $1,109,727

4 Beds
3 Baths
1,574 Sq Ft
$683/Sq Ft Est. Value

Last Sold December 04, 2015

Last sale price $550,000 $349 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $6,484/month

268 Days on Market

Highlights

  • Property is near a park
  • No HOA
  • Gentle Sloping Lot
  • Fern Elementary School Rated A
  • Workshop
  • Living Room

About This Home

As of December 2015

Very well kept two units on the Old Torrance and Torrance Gardens border. Never before on the market since being built. Front house is a three bedroom with two 3/4 bathrooms. Front porch has two doors. One is for the office or front bedroom. Other door facing the street is for the large living room. Bedrooms all have private entrances. Eat-in kitchen has just had new flooring and tile treatment. Separate laundry room. Large rear bedroom. Each bedroom has large closet. Rear one bedroom unit is above three car garage and workshop. Each garage has a separate door. Parking for four other cars in front of garages. Rear unit has large living room, large bedroom and a large walk-in closet as well as a bath and eat-in kitchen. Laundry for private rear unit is in the north garage. Lots of storage. Workshop is connected to the south garage and has a 1/2 bath. Easy walking distance to all schools, major shopping, Del Amo Mall, Civic Center, Charles Wilson Park, SCROC and the Downtown Torrance Business District.

Last Agent to Sell the Property

John Fields

Bonanza Realty License #00993786 Listed on: 02/02/2015

Last Buyer's Agent

Patrice Hui bon Hoa

HOME TEAM REALTY License #01128273

HOME TEAM REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,565

Year Built

  • Built in 1954

Lot Details

  • 4,985 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Fence is in average condition

Parking

  • 3 Car Garage
  • Gentle Sloping Lot

Home Design

  • Turnkey
  • Raised Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,574 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Workshop
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Doors are 32 inches wide or more
  • No Interior Steps

Location

  • Property is near a park
  • Suburban Location

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 032
  • Tax Tract Number 7362
  • Assessor Parcel Number 7362031032

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $900
  • Trash Expense $500
  • Water Sewer Expense $1,800
  • New Taxes Expense $9,643
  • Gross Income $1,100
  • Net Operating Income $357

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,565

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Ranch
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 7362031032
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Accessibility Features: 32 Inch Or More Wide Doors, No Interior Steps
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 349.43
  • Room Type: Living Room, Main Floor Bedroom, Workshop

Exterior Features

  • Foundation: Concrete Perimeter, Raised
  • Fencing: Average Condition, Block
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights, Storm Drains, Suburban

Lot Info

  • Lot Features: Gentle Sloping, Park Nearby, Up Slope from Street
  • Lot Size Sq Ft: 4985.00
  • Price Per Lot Square Foot: 110.33
  • Lot Size Acres: 0.1140

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 560
  • Average3 Bed Area: 1040
  • Gross Income: 1100.00
  • Gross Scheduled Income: 13200.00
  • Insurance Expense: 900.00
  • Lot Size Area: 4985.0000 Square Feet
  • Net Operating Income: 357.00
  • 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: 12843.00
  • Rent Control: No
  • Total Actual Rent: 13200.00

Tax Info

  • New Taxes Expense: 9643.00
  • Tax Lot: 032
  • Tax Tract Number: 7362
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2015
Closed on
Nov 5, 2015
Sold by
Serbin Carole and The Walter Y Wiitanen & Mabel
Bought by
Faithful Grace Llc
Seller's Agent
John Fields
Bonanza Realty
Buyer's Agent
Patrice Hui bon Hoa
HOME TEAM REALTY
List Price
$725,000
Sold Price
$550,000
Premium/Discount to List
-$175,000
-24.14%
Current Estimated Value
$1,074,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$524,432
Avg. Annual Appreciation
7.37%
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 Buyer Sale Price Title Company
Faithful Grace Llc $550,000 Nations Title Company Of Ca
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2015 12/04/15 Sold $550,000 -24.1% $349 / Sq Ft
10/28/2015 10/28/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $725,000 -- $461 / 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 $7,565 $651,082 $449,840 $201,242
2024 $7,565 $638,317 $441,020 $197,297
2023 $7,427 $625,802 $432,373 $193,429
2022 $7,329 $613,533 $423,896 $189,637
2021 $7,195 $601,504 $415,585 $185,919
2020 $7,089 $595,617 $411,324 $184,293
2019 $6,989 $583,944 $403,259 $180,685
2018 $6,732 $572,500 $395,352 $177,148
2016 $6,431 $550,000 $380,000 $170,000
2015 $1,186 $79,513 $36,495 $43,018
2014 $1,173 $77,957 $35,781 $42,176
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15023791

California Regional Multiple Listing Service (CRMLS)

APN: 7362-031-032