Kevin Moen
Estate Properties
(424) 842-4495
53 Total Sales
1 in Harbor Gateway
$525,000 Price
1437 W 224th St Torrance, CA 90501
Harbor Gateway Neighborhood
6
Beds
5
Baths
3,050
Sq Ft
9,000
Sq Ft Lot
Highlights
- No Units Above
- No HOA
- 1-Story Property
- Fireplace in Bathroom
- Laundry Facilities
About This Home
As of May 2016Great 5 unit apartment opportunity, located in the heart of the Torrance & Harbor City Submarket, surrounded by single family homes, support by local retail shopping, parks, and several schools. The area is known for having few vacancies due to the high demand for rentals in the immediate area.
The property has a lot size of 9,016 SF and 3,050 of rentable SF. The building consists of five single story apartment units, featuring a unit mix of one - 2 Bedroom/1 Bath unit of approximately 650 SF of livable space, and four - 1 Bedroom/1 Bath units of approximately 600 SF of livable space, with patios for each unit.
The property enjoys incredibly low expenses by being individually metered for gas and electric, with no maintenance issues or problems. There is ample parking with both open surface and car port parking spaces located at the rear of the property, with owner owned laundry facilities for additional income and cash flow.
Last Agent to Sell the Property
Kevin Russell
Gibraltar Investment Partners Inc License #01363068 Listed on: 01/22/2016
Last Buyer's Agent
LISA LIU
High Ten Partners, Inc. License #01367753
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 9,000 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 3,050 Sq Ft Home
- 1-Story Property
- Electric Fireplace
- Gas Fireplace
- Fireplace in Kitchen
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
- Fireplace in Bathroom
Parking
- 20 Parking Spaces
- 5 Carport Spaces
- Parking Available
- Driveway
- Uncovered Parking
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Legal Lot and Block 3 / 1
- Tax Tract Number 3371
- Assessor Parcel Number 7347003017
Community Details
Overview
- No Home Owners Association
- 5 Units
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Gardener Expense $600
- Insurance Expense $1,800
- Maintenance Expense $850
- Trash Expense $1,656
- Water Sewer Expense $3,754
- New Taxes Expense $11,563
- Gross Income $5,272
- Net Operating Income $42,700
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 27, 2022
Sold by
Bought by
Purchase Details
Listed on
Jan 22, 2016
Closed on
Apr 28, 2016
Sold by
Bought by
Seller's Agent
Kevin Russell
Gibraltar Investment Partners Inc
Buyer's Agent
LISA LIU
High Ten Partners, Inc.
List Price
$925,000
Sold Price
$820,000
Premium/Discount to List
-$105,000
-11.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,000
Interest Rate
3.71%
Mortgage Type
Commercial
Purchase Details
Listed on
Jan 22, 2016
Closed on
Apr 26, 2016
Sold by
Bought by
Seller's Agent
Kevin Russell
Gibraltar Investment Partners Inc
Buyer's Agent
LISA LIU
High Ten Partners, Inc.
List Price
$925,000
Sold Price
$820,000
Premium/Discount to List
-$105,000
-11.35%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,000
Interest Rate
3.71%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 8, 2013
Sold by
Bought by
Purchase Details
Closed on
May 12, 2011
Sold by
Bought by
Purchase Details
Closed on
May 11, 2011
Sold by
Bought by
Purchase Details
Closed on
Mar 13, 2008
Sold by
Bought by
Purchase Details
Closed on
Aug 9, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.43%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Harbor Gateway, CA
-
Kevin Moen
-
Michele Brown
Michele Brown
Keller Williams Realty
(844) 977-3032
32 Total Sales
1 in Harbor Gateway
$680,000 Price
-
Shannon Daniele
Shannon Daniele
HomeSmart Realty Group
(562) 352-1142
34 Total Sales
2 in Harbor Gateway
$868,000 Price Range
-
Jeffrey Russell
Jeffrey Russell
Russell Realty Group
(626) 604-2792
113 Total Sales
1 in Harbor Gateway
$655,000 Price
-
Lynn Lord
Lynn Lord
Estate Properties
(562) 582-8571
49 Total Sales
2 in Harbor Gateway
$640,000 Price Range
-
Mario Mariscal
Mario Mariscal
Better Homes and Gardens RE
(562) 471-4695
106 Total Sales
1 in Harbor Gateway
$1,068,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | First American Title Company | ||
| -- | First American Title Company | ||
| $820,000 | First American Title Company | ||
| -- | None Available | ||
| -- | Chicago Title Company | ||
| $520,000 | Chicago Title Company | ||
| -- | Accommodation | ||
| $319,000 | American Title Co |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $500,000 | ||
| Previous Owner | $463,000 | ||
| Previous Owner | $150,000 |
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 |
|---|---|---|---|---|
| 05/05/2016 05/05/16 | Sold | $820,000 | -11.4% | $269 / Sq Ft |
| 03/19/2016 03/19/16 | Pending | -- | -- | -- |
| 01/22/2016 01/22/16 | For Sale | $925,000 | -- | $303 / 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 | $13,146 | $970,707 | $544,543 | $426,164 |
| 2024 | $12,986 | $951,674 | $533,866 | $417,808 |
| 2023 | $12,747 | $933,015 | $523,399 | $409,616 |
| 2022 | $12,198 | $914,722 | $513,137 | $401,585 |
| 2021 | $12,041 | $896,787 | $503,076 | $393,711 |
| 2019 | $11,704 | $870,189 | $488,155 | $382,034 |
| 2018 | $11,499 | $853,128 | $478,584 | $374,544 |
| 2016 | $7,883 | $562,772 | $340,910 | $221,862 |
| 2015 | $7,768 | $554,320 | $335,790 | $218,530 |
| 2014 | $7,807 | $543,463 | $329,213 | $214,250 |
Source: Public Records
Agents Affiliated with this Home
-
K
Seller's Agent in 2016
Kevin Russell
Gibraltar Investment Partners Inc
-
L
Buyer's Agent in 2016
LISA LIU
High Ten Partners, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB16021817
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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