NOT LISTED FOR SALE

Estimated Value: $913,000 - $1,146,000

5 Beds
3 Baths
2,365 Sq Ft
$444/Sq Ft Est. Value

Last Sold November 13, 2015

Last sale price $500,000 $211 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $6,156/month

139 Days on Market

Highlights

  • No HOA
  • Attached Carport
  • Back Yard
  • Laundry Room
  • Wall Furnace
  • 1-Story Property

About This Home

As of November 2015

Pictures are worth a thousand words - Welcome to this Bread Butter Duplex in a Quiet Area of Harbor Gateway / Torrance P.O.
Live in One and Rent the Other or Rent Both!
This Investment is a few homes away from the Normandie street median - so off the main Street and very Quiet.
Both Units have been meticulously maintained and cared for.
Front Unit has two good sized Bedrooms and one full Bathroom and Rear Unit is a Three Bedroom One Full Bath and a Three quarter Bathroom.
Both Units individually metered for Electric and Gas.

Last Agent to Sell the Property

Victor Liu

Luxury PV Realty License #01454468 Listed on: 09/19/2015

Last Buyer's Agent

Tammy Cavanagh

West Shores Realty, Inc. License #01338503

West Shores Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,567

Year Built

  • Built in 1941

Lot Details

  • 9,003 Sq Ft Lot
  • No Common Walls
  • Back Yard

Interior Spaces

  • 2,365 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • Attached Carport
  • Parking Available
  • Driveway

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas, insurance
  • Tax Lot 11
  • Tax Tract Number 3308
  • Assessor Parcel Number 7346006039

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $200
  • Trash Expense $60
  • Water Sewer Expense $150
  • New Taxes Expense $600
  • Operating Expense $12,125
  • Gross Income $2,600
  • Net Operating Income $21,475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,567

Year Built

Built in 1941

Lot Details

0

Listing Details

  • CapRate: 5.00
  • Inclusions: See Tenant Estoppels
  • Property Attached: No
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 150.00
  • Property Type: Residential Income
  • Parcel Number: 7346006039
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 211.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Attached Carport, Driveway

Utilities

  • Utilities: Sewer Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Trash Expense: 60.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 9003.00
  • Price Per Lot Square Foot: 55.54
  • Lot Size Acres: 0.2070

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance

Multi Family

  • Average2 Bed Area: 1000
  • Average3 Bed Area: 1365
  • Gross Income: 2600.00
  • Gross Scheduled Income: 33600.00
  • Insurance Expense: 200.00
  • Lot Size Area: 9003.0000 Square Feet
  • Net Operating Income: 21475.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 4200.00
  • Rent Control: Yes
  • Total Actual Rent: 2600.00
  • Total Expenses: 12125.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 600.00
  • Tax Lot: 11
  • Tax Tract Number: 3308
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2015
Closed on
Oct 1, 2015
Sold by
Zuniga Gustavo A
Bought by
Munoz Francisco and Zuniga Bernal Johana
Seller's Agent
Victor Liu
Luxury PV Realty
Buyer's Agent
Tammy Cavanagh
West Shores Realty, Inc.
List Price
$589,000
Sold Price
$500,000
Premium/Discount to List
-$89,000
-15.11%
Current Estimated Value
$1,050,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$550,270
Avg. Annual Appreciation
7.74%
Original Mortgage
$490,943
Outstanding Balance
$394,203
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$656,067

Purchase Details

Closed on
Sep 30, 2008
Sold by
Zuniga Gustavo A and Zuniga Lylliam
Bought by
Zuniga Gustavo A

Purchase Details

Closed on
Sep 24, 2007
Sold by
Zuniga Gustavo A and Zuniga Lylliam
Bought by
Zuniga Gustavo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,500
Interest Rate
6.46%
Mortgage Type
New Conventional
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
Munoz Francisco $500,000 Title 365
Zuniga Gustavo A -- None Available
Zuniga Gustavo A -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Munoz Francisco $490,943
Previous Owner Zuniga Gustavo A $430,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2015 11/13/15 Sold $500,000 -15.1% $211 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
05/14/2015 05/14/15 For Sale $589,000 -- $249 / 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 $7,567 $591,892 $355,136 $236,756
2024 $7,567 $580,287 $348,173 $232,114
2023 $7,424 $568,910 $341,347 $227,563
2022 $7,092 $557,755 $334,654 $223,101
2021 $6,994 $546,820 $328,093 $218,727
2019 $6,790 $530,603 $318,362 $212,241
2018 $6,637 $520,200 $312,120 $208,080
2016 $6,326 $500,000 $300,000 $200,000
2015 $4,471 $337,838 $177,117 $160,721
2014 $4,492 $331,221 $173,648 $157,573
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV15103281

California Regional Multiple Listing Service (CRMLS)

APN: 7346-006-039