NOT LISTED FOR SALE

1503 W 227th St Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $939,000 - $1,242,000

4 Beds
3 Baths
2,200 Sq Ft
$467/Sq Ft Est. Value

Last Sold August 17, 2016

Last sale price $620,000 $282 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $6,180/month

37 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 3 Car Direct Access Garage

About This Home

As of August 2016

THREE SEPARATE HOMES on ONE CORNER LOT (other two addresses are 22633 Denker Avenue and 22623 Denker Avenue)! ALL UNITS share no wall and have their own ATTACHED GARAGE and PRIVATE YARD. Conveniently located to Torrance & Wilson Park but also close to freeway for access in and out of the area.

Last Agent to Sell the Property

Maggie Ding

Compass License #01414326 Listed on: 06/23/2016

Compass

Last Buyer's Agent

Patrice Hui bon Hoa

HOME TEAM REALTY License #01128273

HOME TEAM REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,308

Year Built

  • Built in 1961

Lot Details

  • 7,194 Sq Ft Lot
  • No Common Walls
  • Corner Lot

Parking

  • 3 Car Direct Access Garage
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • 2,200 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 467
  • Tax Tract Number 4529
  • Assessor Parcel Number 7347011028

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $996
  • Professional Management Expense $2,400
  • Trash Expense $200
  • Water Sewer Expense $1,680
  • New Taxes Expense $8,425
  • Gross Income $3,420
  • Net Operating Income $27,339

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,308

Year Built

Built in 1961

Lot Details

0

Parking

3

Listing Details

  • Professional Management Expense: 2400.00
  • Property Attached: No
  • Water Sewer Expenses: 1680.00
  • Property Type: Residential Income
  • Parcel Number: 7347011028
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 281.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway, Direct Garage Access, Garage - Single Door
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 200.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7194.00
  • Price Per Lot Square Foot: 86.18

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3420.00
  • Gross Scheduled Income: 41040.00
  • Insurance Expense: 996.00
  • Net Operating Income: 27339.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 3
  • Operating Expense: 13701.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 8425.00
  • Tax Lot: 467
  • Tax Tract Number: 4529

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2016
Closed on
Aug 3, 2016
Sold by
Fung Rickey and Huang Yu Ting Theresa
Bought by
Faithful Grace Llc
Seller's Agent
Maggie Ding
Compass
Buyer's Agent
Patrice Hui bon Hoa
HOME TEAM REALTY
List Price
$674,000
Sold Price
$620,000
Premium/Discount to List
-$54,000
-8.01%
Current Estimated Value
$1,027,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,211
Avg. Annual Appreciation
5.64%

Purchase Details

Listed on
May 20, 2014
Closed on
Jun 3, 2014
Sold by
Bushnell Howard
Bought by
Ting Fung Rickey and Ting Theresa Huang Yu
Seller's Agent
Carrie Johnson
Corona Del Mar Properties Inc
Buyer's Agent
JODY VELTO
BERKSHIRE HATH HM SVCS CA PROP
List Price
$499,000
Sold Price
$482,000
Premium/Discount to List
-$17,000
-3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.30%

Purchase Details

Closed on
Aug 30, 2001
Sold by
Bushnell Howard O
Bought by
Bushnell Howard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.05%

Purchase Details

Closed on
Apr 20, 1998
Sold by
James F Bushnell Trust and Dorothy R
Bought by
Bushnell Howard O

Purchase Details

Closed on
Jan 14, 1995
Sold by
Bushnell James F
Bought by
Bushnell James F and The James F Bushnell Trust
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
Faithful Grace Llc $620,000 Lawyers Title Company
Ting Fung Rickey $482,000 Orange Coast Title
Bushnell Howard -- Fidelity National Title Co
Bushnell Howard O -- --
Bushnell James F -- --
Bushnell James F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bushnell Howard $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/17/2016 08/17/16 Sold $620,000 -3.9% $282 / Sq Ft
07/30/2016 07/30/16 Pending -- -- --
07/26/2016 07/26/16 Price Changed $645,000 -4.3% $293 / Sq Ft
06/23/2016 06/23/16 For Sale $674,000 +39.8% $306 / Sq Ft
06/16/2014 06/16/14 Sold $482,000 -3.4% $219 / Sq Ft View Prior Sale
06/09/2014 06/09/14 Pending -- -- --
05/20/2014 05/20/14 For Sale $499,000 -- $227 / 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 $9,308 $719,558 $464,232 $255,326
2024 $9,308 $705,450 $455,130 $250,320
2023 $9,133 $691,618 $446,206 $245,412
2022 $8,727 $678,057 $437,457 $240,600
2021 $8,613 $664,763 $428,880 $235,883
2020 $8,693 $657,948 $424,483 $233,465
2019 $8,364 $645,048 $416,160 $228,888
2018 $8,235 $632,400 $408,000 $224,400
2016 $6,545 $497,055 $196,751 $300,304
2015 $6,448 $489,590 $193,796 $295,794
2014 $1,635 $82,750 $39,774 $42,976
Source: Public Records

Agents Affiliated with this Home

  • Maggie Ding

    Seller's Agent in 2016

    Maggie Ding

    Compass

    (310) 345-0075

    2 in this area

    280 Total Sales

    Maggie Ding
    Section Image

  • P

    Buyer's Agent in 2016

    Patrice Hui bon Hoa

    HOME TEAM REALTY

    (310) 748-9497

    11 Total Sales

    Patrice Hui bon Hoa
    Section Image

  • C

    Seller's Agent in 2014

    Carrie Johnson

    Corona Del Mar Properties Inc

  • JODY VELTO

    Buyer's Agent in 2014

    JODY VELTO

    BERKSHIRE HATH HM SVCS CA PROP

    (909) 560-2880

    26 Total Sales

    JODY VELTO
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16135850

California Regional Multiple Listing Service (CRMLS)

APN: 7347-011-028

California Los Angeles County Torrance 90501 Harbor Gateway

1503 W 227th St, Torrance, CA

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