NOT LISTED FOR SALE

Estimated Value: $952,000 - $1,097,425

5 Beds
3 Baths
2,189 Sq Ft
$471/Sq Ft Est. Value

Last Sold April 15, 2021

Last sale price $770,000 $352 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,476/month

9 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Central Heating
  • No HOA

About This Home

As of April 2021

Phenomenal opportunity for an owner-user or investor! Live in one and have the tenant help with the mortgage! 2 separate homes on a huge 9000 sq. ft. lot! Front home is a large 2 bedroom, 1 bath 840 sq. ft. craftsman style home built in 1920 complete with front porch! Large living room, remodeled kitchen with newer cabinets and quartz counters. Laundry porch is just off the kitchen. There are two good-sized bedrooms and an updated bath. The rear house, built in 1963, is a 1349 square foot home with 3 bedrooms & 2 baths. There’s a HUGE living room, separate dining room, and a large kitchen with lots of storage. The bedrooms are very generous with big closets, and one is a true en-suite master with a private bath. There is direct access to a 2 car garage. This home enjoys a large covered patio and exclusive use of the HUGE backyard as well as parking in a long driveway for at least three additional cars. This property is located in the city of Los Angeles with a Torrance mailing address, and is subject to LA City rent control.

Last Agent to Sell the Property

Karen Anderson

Keller Williams Realty License #01224307 Listed on: 02/19/2021

Keller Williams Realty

Last Buyer's Agent

Jim Gilbo

Estate Properties License #00634619

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,435

Year Built

  • Built in 1963

Lot Details

  • 9,003 Sq Ft Lot
  • No Common Walls
  • Lawn
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 2,189 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 5 / 7
  • Tax Tract Number 3308
  • Assessor Parcel Number 7346013017

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $900
  • Maintenance Expense $1,000
  • New Taxes Expense $8,438
  • Operating Expense $10,488
  • Gross Income $36,564
  • Net Operating Income $36,564

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,435

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 7346013017
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 351.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: In Garage, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Lawn
  • Lot Size Sq Ft: 9003.00
  • Lot Size Acres: 0.2067

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 36564.00
  • Gross Scheduled Income: 36564.00
  • Lot Size Area: 9003.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 36564.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes
  • Total Expenses: 10487.50

Tax Info

  • New Taxes Expense: 8437.50
  • Tax Block: 7
  • Tax Census Tract: 2932.01
  • Tax Lot: 5
  • Tax Tract Number: 3308

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
Mar 2, 2021
Sold by
Vollom Denis V
Bought by
Padilla Mario and Padilla Rita
Seller's Agent
Karen Anderson
Keller Williams Realty
Buyer's Agent
Jim Gilbo
Estate Properties
List Price
$674,900
Sold Price
$770,000
Premium/Discount to List
$95,100
14.09%
Current Estimated Value
$1,030,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,856
Avg. Annual Appreciation
6.33%
Original Mortgage
$756,053
Outstanding Balance
$681,374
Interest Rate
2.75%
Mortgage Type
FHA
Estimated Equity
$326,748

Purchase Details

Closed on
Mar 29, 2007
Sold by
Vollom Denis V and Vollom Diane M
Bought by
Vollom Denis V and Vollom Diane M

Purchase Details

Closed on
Sep 4, 2002
Sold by
Vollom Denis V and Vollom Diane N
Bought by
Vollom Denis V and Vollom Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
6.37%

Purchase Details

Closed on
Feb 23, 1998
Sold by
Suliman Fatima
Bought by
Vollom Denis V and Vollom Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.07%

Purchase Details

Closed on
Jan 23, 1998
Sold by
Suliman Fatima
Bought by
Vollom Denis V and Vollom Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.07%

Purchase Details

Closed on
Jul 8, 1994
Sold by
Jeewa Goolam H and Jeewa Hagraby
Bought by
Suliman Fatima
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
Padilla Mario $770,000 Fidelity Natl Ttl Co Long Be
Vollom Denis V -- None Available
Vollom Denis V -- American Title
Vollom Denis V $250,000 First American Title Ins Co
Vollom Denis V $225,000 First American Title Ins Co
Suliman Fatima -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Padilla Mario $756,053
Previous Owner Vollom Denis V $178,000
Previous Owner Vollom Denis $180,000
Previous Owner Vollom Denis V $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $770,000 0.0% $352 / Sq Ft
02/28/2021 02/28/21 Pending -- -- --
02/27/2021 02/27/21 Off Market $770,000 -- --
02/27/2021 02/27/21 For Sale $674,900 -12.4% $308 / Sq Ft
02/22/2021 02/22/21 Off Market $770,000 -- --
02/19/2021 02/19/21 For Sale $674,900 -- $308 / 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 $10,435 $833,470 $616,985 $216,485
2024 $10,435 $817,129 $604,888 $212,241
2023 $10,236 $801,108 $593,028 $208,080
2022 $9,770 $785,400 $581,400 $204,000
2021 $4,495 $331,892 $132,755 $199,137
2020 $4,533 $328,490 $131,394 $197,096
2019 $4,368 $322,050 $128,818 $193,232
2018 $4,265 $315,737 $126,293 $189,444
2016 $4,060 $303,479 $121,390 $182,089
2015 $4,000 $298,921 $119,567 $179,354
2014 $4,020 $293,066 $117,225 $175,841
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV21034692

California Regional Multiple Listing Service (CRMLS)

APN: 7346-013-017