NOT LISTED FOR SALE

1426 W 224th St Torrance, CA 90501

Harbor Gateway Neighborhood
19 Beds
10 Baths
20,649 Sq Ft
0.62 Acres

Last Sold October 21, 2019

Last sale price $4,575,000 $222 Per Sq Ft

30 Days on Market

Highlights

  • 0.62 Acre Lot
  • No HOA
  • Laundry Room
  • Private Yard

About This Home

As of October 2019

Rare South Bay 25 unit apartment complex located in Torrance, Harbor Gateway area (City of Los Angeles) on huge 27,006 sq. ft. lot.
The buildings by itself are 20,649 sq. ft. There are 4 apartments with 3 bedrooms, 16 units have 2 bedrooms and 5 units are 1 bedroom. All have 1 bathroom. Coin Laundry room provide additional income. Property just received final inspection approval on improvements: few windows replacement, some railings on balconies were replaced, 2 hot and 1 cold water pipes replacement, east side driveway parking area replacement.LA City Minimum Retrofit requirements were done for all units and final was signed in June 2019.

Last Agent to Sell the Property

Lida Sandera

Vista Sotheby’s International Realty License #00872021 Listed on: 06/25/2019

Vista Sotheby’s International Realty

Last Buyer's Agent

Dan Lewin

Younglewin Advisors, Inc. License #01932742

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.62 Acre Lot
  • Lot Dimensions are 150x180
  • Two or More Common Walls
  • Sprinkler System
  • Private Yard
  • Density is 21-25 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 20,649 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 10 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 3
  • Tax Tract Number 3371
  • Assessor Parcel Number 7347005006

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 25 Units

Building Details

  • Rent Control
  • 26 Separate Electric Meters
  • 26 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $7,316
  • Professional Management Expense $28,320
  • Water Sewer Expense $26,779
  • New Taxes Expense $58,000
  • Operating Expense $120,415
  • Gross Income $7,547
  • Net Operating Income $155,708

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 2.90
  • Professional Management Expense: 28320.00
  • Property Attached: Yes
  • Water Sewer Expenses: 26779.00
  • Zoning: LARD2
  • Property Type: Residential Income
  • Parcel Number: 7347005006
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 221.56

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre, Lot 20000-39999 Sqft, Sprinkler System, Yard
  • Lot Size: 150x180
  • Lot Size Sq Ft: 27006.00
  • Lot Size Acres: 0.6200

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 7547.00
  • Gross Scheduled Income: 300466.00
  • Insurance Expense: 7316.00
  • Laundry Income: 7547.00
  • Lot Size Area: 27006.0000 Square Feet
  • Net Operating Income: 155708.00
  • Number Of Separate Electric Meters: 26
  • Number Of Separate Gas Meters: 26
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 25
  • Number With Range: 25
  • Operating Expense: 144757.00
  • Rent Control: Yes
  • Total Expenses: 120415.00

Tax Info

  • New Taxes Expense: 58000.00
  • Tax Block: 3
  • Tax Census Tract: 2932.02
  • Tax Lot: 5
  • Tax Tract: 19
  • Tax Tract Number: 3371

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2019 10/21/19 Sold $4,575,000 -14.5% $222 / Sq Ft
07/25/2019 07/25/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $5,350,000 -- $259 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lida Sandera

    Seller's Agent in 2019

    Lida Sandera

    Vista Sotheby’s International Realty

    (310) 721-3196

    12 Total Sales

    Lida Sandera
    Section Image
  • Dan Lewin

    Buyer's Agent in 2019

    Dan Lewin

    Younglewin Advisors, Inc.

    (310) 720-7939

    22 Total Sales

    Dan Lewin
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19148912

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Torrance 90501 Harbor Gateway

1426 W 224th St, Torrance, CA

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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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