NOT LISTED FOR SALE

1438 W 218th St Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $914,000 - $1,077,000

5 Beds
2 Baths
2,032 Sq Ft
$487/Sq Ft Est. Value

Last Sold June 19, 2013

Last sale price $265,000 $130 Per Sq Ft

Est. 274% increase in value since last sale

Current estimated payment $5,749/month

About This Home

As of June 2013

Great Income Property! Live in one and rent the other. Located near schools and shopping.

Last Agent to Sell the Property

Gabriela Bermudez

Las Lomas Realty, Inc. License #01305717 Listed on: 04/30/2013

Last Buyer's Agent

Gabriela Bermudez

Las Lomas Realty, Inc. License #01305717 Listed on: 04/30/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,188

Year Built

  • Built in 1964

Lot Details

  • 9,137 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 2,032 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 3308
  • Assessor Parcel Number 7346006005

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,188

Year Built

Built in 1964

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Road Surface Type: Paved
  • Property Type: Residential Income
  • Parcel Number: 7346006005
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: One
  • Price Per Square Foot: 130.41

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 9137.00
  • Lot Size Acres: 0.2100

Multi Family

  • Lot Size Area: 9137.0000 Square Feet
  • 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

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 3308
  • Tax Annual Amount: 4188.00
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2013
Closed on
May 14, 2013
Sold by
Iniguez Jose Luis
Bought by
Iniguez Carlos
Seller's Agent
Gabriela Bermudez
Las Lomas Realty, Inc.
Buyer's Agent
Gabriela Bermudez
Las Lomas Realty, Inc.
List Price
$399,000
Sold Price
$265,000
Premium/Discount to List
-$134,000
-33.58%
Current Estimated Value
$990,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$725,513
Avg. Annual Appreciation
11.25%
Original Mortgage
$198,750
Outstanding Balance
$140,201
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$850,312

Purchase Details

Closed on
Nov 19, 2002
Sold by
Iniguez Carlos
Bought by
Iniguez Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
5.89%

Purchase Details

Closed on
Mar 9, 2001
Sold by
Smith William D and Smith Mabel L
Bought by
Iniguez Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,400
Interest Rate
6.89%
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
Iniguez Carlos $265,000 Provident Title Company
Iniguez Jose Luis -- Landsafe Title
Iniguez Jose Luis $253,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iniguez Carlos $198,750
Previous Owner Iniguez Jose Luis $209,000
Previous Owner Iniguez Jose Luis $202,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2013 06/19/13 Sold $265,000 -33.6% $130 / Sq Ft
04/30/2013 04/30/13 Pending -- -- --
04/30/2013 04/30/13 For Sale $399,000 -- $196 / 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 $6,452 $503,644 $264,751 $238,893
2024 $6,452 $493,769 $259,560 $234,209
2023 $6,329 $484,088 $254,471 $229,617
2022 $6,046 $474,597 $249,482 $225,115
2021 $5,962 $465,292 $244,591 $220,701
2019 $5,787 $451,493 $237,338 $214,155
2018 $5,691 $442,641 $232,685 $209,956
2016 $5,424 $425,454 $223,650 $201,804
2015 $5,342 $419,064 $220,291 $198,773
2014 $5,363 $410,856 $215,976 $194,880
Source: Public Records

Agents Affiliated with this Home

  • Gabriela Bermudez

    Seller's Agent in 2013

    Gabriela Bermudez

    Las Lomas Realty, Inc.

    (310) 874-8928

    1 in this area

    46 Total Sales

    Gabriela Bermudez
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW13080779

California Regional Multiple Listing Service (CRMLS)

APN: 7346-006-005

California Los Angeles County Torrance 90501 Harbor Gateway

1438 W 218th St, Torrance, CA

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