NOT LISTED FOR SALE
4 Beds
3 Baths
8,116 Sq Ft
8,762 Sq Ft Lot Lot

Sale Details

Date Sold: September 30, 2022

Last sale price $6,700,000 $826 Per Sq Ft

75 Days on Market

Highlights

  • Contemporary Architecture
  • Property is near park
  • No HOA
  • Riviera Elementary School Rated A
  • Wood Flooring
  • 3-minute walk to Miramar Park

About This Home

As of September 2022

Twelve unit apartment complex in prime location. This property is one block from Torrance Beach. This is a very hot property located within walking distance to the Riviera Village as well as Torrance/Redondo Beach. Twelve units include, 2- studios, 7- 1 bedrooom units and 3- 2 bedroom units. All units occupied. Almost all units have been recently remodeled. Great/easy tenants. Laundry on site. Service provided from outside source. Nice patio area with BBQ and table w/ chairs. Please call with any inquiries but do not disturb tenants

Last Agent to Sell the Property

Stephanie Wells

Real Estate West, Inc. License #01442352 Listed on: 05/18/2022

Last Buyer's Agent

Thomas Cole

The Realestate Group License #01463959

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 8,762 Sq Ft Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 6 Car Garage
  • 6 Carport Spaces
  • Parking Available
  • Front Facing Garage
  • Single Garage Door
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Apartment
  • Flat Roof Shape
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 8,116 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • Outdoor Grill
  • Property is near park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 12 / E
  • Tax Tract Number 10303
  • Assessor Parcel Number 7511019009

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Dog Park
  • Water Sports
  • Bike Trail

Building Details

  • 12 Leased Units
  • 12 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Fuel Expense $2,640
  • Gardener Expense $1,920
  • Insurance Expense $5,112
  • Pest Control $672
  • Professional Management Expense $6,000
  • Trash Expense $1,728
  • Water Sewer Expense $5,400
  • Operating Expense $26,272
  • Gross Income $165,676
  • Net Operating Income $165,676

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

8,762 Sq Ft Lot

Parking

6

Listing Details

  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 5400.00
  • Zoning: TORR-MD
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 7511019009
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Wood
  • Accessibility Features: 2+ Access Exits, Parking
  • Levels: Two
  • Price Per Square Foot: 825.53
  • Room Type: Laundry

Exterior Features

  • Foundation: Concrete Perimeter
  • Exterior Features: Barbecue Private
  • Pool Private: No
  • Roof: Flat
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 6.00
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Garage, Garage Faces Front, Garage - Single Door
  • Total Parking Spaces: 12.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Pest Control Expense: 672.00
  • Sewer: Public Sewer
  • Trash Expense: 1728.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Dog Park, Park, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Park Nearby
  • Lot Size Sq Ft: 8762.00
  • Lot Size Acres: 0.2011

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 700 Square Feet
  • Average2 Bed Area: 850 Square Feet
  • Average Studio Area: 600 Square Feet
  • Electric Expense: 2400.00
  • Fuel Expense: 2640.00
  • Gross Income: 165676.00
  • Gross Scheduled Income: 262010.00
  • Insurance Expense: 5112.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 800.00
  • Lot Size Area: 8762.0000 Square Feet
  • Net Operating Income: 165676.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Operating Expense: 96334.00
  • Rent Control: No
  • Total Expenses: 26272.00

Tax Info

  • Tax Block: E
  • Tax Census Tract: 6513.04
  • Tax Lot: 12
  • Tax Tract Number: 10303
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 Prior Sale
09/30/2022 09/30/22 Sold $6,700,000 -6.9% $826 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $7,199,000 +20.0% $887 / Sq Ft
04/26/2019 04/26/19 Sold $6,000,000 -7.7% $739 / Sq Ft View Prior Sale
03/05/2019 03/05/19 Price Changed $6,500,000 -6.5% $801 / Sq Ft
01/21/2019 01/21/19 For Sale $6,950,000 -- $856 / 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 $78,363 $6,970,680 $4,161,600 $2,809,080
2024 $77,498 $6,834,000 $4,080,000 $2,754,000
2023 $76,042 $6,700,000 $4,000,000 $2,700,000
2022 $70,943 $6,201,952 $4,961,562 $1,240,390
2021 $70,091 $6,080,346 $4,864,277 $1,216,069
2019 $43,178 $3,682,363 $2,207,423 $1,474,940
2018 $42,058 $3,610,211 $2,164,141 $1,446,070
2016 $40,180 $3,467,562 $2,080,105 $1,387,457
2015 $39,324 $3,415,477 $2,048,860 $1,366,617
2014 $38,331 $3,348,573 $2,008,726 $1,339,847
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB22105347

California Regional Multiple Listing Service (CRMLS)
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