NOT LISTED FOR SALE

1430 Plaza Del Amo Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $1,309,000 - $1,612,000

5 Beds
4 Baths
4,058 Sq Ft
$353/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $1,225,000 $302 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $8,952/month

120 Days on Market

About This Home

As of February 2021

1430 Plaza Del Amo is a 4-unit multifamily investment property located in Torrance, California. Built in 1957 and 1980, 1430 Plaza Del Amo consists of two-bedroom and three-bedroom units and offers amenities including tuck-under parking, on-site laundry, gated access, and security doors. 1430 Plaza Del Amo is located near Western Avenue and Sepulveda Boulevard, providing residents with convenient access to restaurants and retailers. Additionally, the property is situated in close proximity to Interstate 110, providing residents with easy access to major employment centers throughout the South Bay.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 09/21/2020

Last Buyer's Agent

Ronald Perez

Jason Mitchell Real Estate California License #01325218

Jason Mitchell Real Estate California

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $16,883

Year Built

  • Built in 1957

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Level Lot

Interior Spaces

  • 4,058 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 434
  • Tax Tract Number 4529
  • Assessor Parcel Number 7347012005

Community Details

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,365
  • Fuel Expense $2,365
  • Insurance Expense $2,312
  • Maintenance Expense $2,800
  • Other Expense $3,040
  • Trash Expense $2,365
  • Water Sewer Expense $2,365
  • New Taxes Expense $16,581
  • Operating Expense $34,193
  • Gross Income $87,884
  • Net Operating Income $51,069

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$16,883

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2365.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Parcel Number: 7347012005
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 301.87

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2365.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 2365.00
  • Fuel Expense: 2365.00
  • Gross Income: 87884.00
  • Gross Operating Income: 85262.00
  • Gross Scheduled Income: 87384.00
  • Insurance Expense: 2312.00
  • Lot Size Area: 0.1500 Acres
  • Maintenance Expense: 2800.00
  • Net Operating Income: 51069.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 34193.00
  • Other Expense: 3040.00
  • Other Expense Description: Misc
  • Other Income1: 500.00
  • Other Income Description: Miscellaneous
  • Rent Control: Yes
  • Total Actual Rent: 7282.00
  • Total Expenses: 34193.00

Tax Info

  • New Taxes Expense: 16581.00
  • Tax Census Tract: 2932.02
  • Tax Lot: 434
  • Tax Tract Number: 4529

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2015
Closed on
Jan 20, 2016
Sold by
Chien Wei Pang
Bought by
Balzan Llc
Seller's Agent
Gino Wu
The Realestate Group
Buyer's Agent
Michael Gelfond
Bedford Properties
List Price
$865,000
Sold Price
$865,000
Current Estimated Value
$1,434,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$569,451
Avg. Annual Appreciation
5.37%
Original Mortgage
$432,500
Interest Rate
3.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2015
Sold by
Huang Li Shu
Bought by
Chien Wei Pang

Purchase Details

Closed on
Oct 29, 2008
Sold by
Chien Fang Ping and Tseng Diana Linchin
Bought by
Chien Fang Ping

Purchase Details

Closed on
Jul 9, 2002
Sold by
Chien Fang Pin and Chien Li Chin Tseng
Bought by
Chien Fang Pin

Purchase Details

Closed on
Mar 16, 2001
Sold by
Huang Yi Chung and Wu Pei Yao
Bought by
Chien Fang Pin
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Balzan Llc $865,000 Title 365
Chien Wei Pang -- None Available
Chien Wei Pang -- None Available
Chien Fang Ping -- None Available
Chien Fang Pin -- --
Chien Fang Pin $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Balzan Llc $432,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/23/2021 02/23/21 Sold $1,225,000 -5.8% $302 / Sq Ft
01/19/2021 01/19/21 Pending -- -- --
09/21/2020 09/21/20 For Sale $1,300,000 +50.3% $320 / Sq Ft
03/15/2016 03/15/16 Sold $865,000 0.0% $213 / Sq Ft View Prior Sale
12/28/2015 12/28/15 Pending -- -- --
08/18/2015 08/18/15 For Sale $865,000 -- $213 / 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 $16,883 $1,325,978 $784,762 $541,216
2024 $16,659 $1,299,979 $769,375 $530,604
2023 $16,340 $1,274,490 $754,290 $520,200
2022 $15,598 $1,249,500 $739,500 $510,000
2021 $12,112 $946,001 $508,544 $437,457
2020 $12,226 $936,302 $503,330 $432,972
2019 $11,759 $917,944 $493,461 $424,483
2018 $11,598 $899,946 $483,786 $416,160
2016 $11,775 $925,000 $425,000 $500,000
2015 $5,745 $420,004 $169,254 $250,750
2014 $5,775 $411,778 $165,939 $245,839
Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2021

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    1 in this area

    154 Total Sales

    Tyler Leeson
    Section Image
  • Ronald Perez

    Buyer's Agent in 2021

    Ronald Perez

    Jason Mitchell Real Estate California

    (818) 749-2979

    1 in this area

    73 Total Sales

    Ronald Perez
    Section Image

  • G

    Seller's Agent in 2016

    Gino Wu

    The Realestate Group

    Section Image

  • M

    Buyer's Agent in 2016

    Michael Gelfond

    Bedford Properties

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20197669

California Regional Multiple Listing Service (CRMLS)

APN: 7347-012-005

California Los Angeles County Torrance 90501 Harbor Gateway

1430 Plaza Del Amo, Torrance, CA

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California Regional Multiple Listing Service (CRMLS) 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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