NOT LISTED FOR SALE

1535 W 228th St Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $938,000 - $1,282,000

4 Beds
4 Baths
2,058 Sq Ft
$510/Sq Ft Est. Value

Last Sold July 11, 2018

Last sale price $735,000 $357 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,460/month

80 Days on Market

Highlights

  • Bathtub with Shower
  • Floor Furnace
  • 1-Story Property
  • Ceiling Fan
  • Carpet

About This Home

As of July 2018

Great property with 4 separate houses in one lot. Each house has 1 bedroom and 1 bath. Living room, dining area and kitchen. Each house also has rear door and its own yard. Plenty of parking spaces. Property is in Rent Control.

Last Agent to Sell the Property

Charles Picker

I.X.A. License #00414181 Listed on: 02/23/2018

Last Buyer's Agent

Jeff Kashanchi

Estate Properties License #00955833

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,329

Year Built

  • Built in 1948

Lot Details

  • 10,799 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 2,058 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms
  • Bathtub with Shower

Utilities

  • Floor Furnace
  • Space Heater
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 7347-015-024

Community Details

Overview

  • 4 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,329

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2058
  • Stories: 1
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate
  • Appliances: Free Standing Gas
  • Bedrooms: 4
  • Bathroom Features: Shower Over Tub
  • Total Bathrooms: 4.00
  • Equipment: Ceiling Fan, Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 359.09

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Number Rented Garages: 3
  • Parking Garage: Parking Space
  • Total Parking: 4

Utilities

  • Cooling: Ceiling Fan
  • Heating: Floor Furnace, Space Heater, Wall
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Number Water Meters: 2
  • Water Expense: 1174.00

Fee Information

  • Insurance Expense: 1407.00
  • Management Expense: 2389.00
  • Other Expense: 136.00
  • Trash Expense: 877.00

Lot Info

  • Assessed Improvement Value: 41680
  • Assessed Land Value: 44121
  • Assessor Parcel Number: 7347-015-024
  • Geocode Override: No
  • Lot Size Area: 10799

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 21.15
  • Gross Scheduled Income: 34794.00
  • Number Of Units: 4
  • Rent Control: 100
  • Type Of Units: Quadruplex

Tax Info

  • Tax Expense: 3636.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2019
Sold by
Morcos Ehab and Hanna Abeer
Bought by
Mina Llc
Current Estimated Value
$1,048,668

Purchase Details

Listed on
Feb 23, 2018
Closed on
Jun 28, 2018
Sold by
Short Dorothy F and The Dorothy F Short Trust
Bought by
Morcos Ehab and Hanna Abeer
Seller's Agent
Charles Picker
I.X.A.
Buyer's Agent
Jeff Kashanchi
Estate Properties
List Price
$739,000
Sold Price
$735,000
Premium/Discount to List
-$4,000
-0.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.99%
Original Mortgage
$550,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2003
Sold by
Wills Dorothy F
Bought by
The Dorothy F Short Living 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
Mina Llc -- None Available
Morcos Ehab $735,000 Fidelity Sherman Oaks
The Dorothy F Short Living Trust -- --
The Dorothy F Short Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morcos Ehab $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2018 07/11/18 Sold $735,000 -0.5% $357 / Sq Ft
05/14/2018 05/14/18 Pending -- -- --
04/30/2018 04/30/18 For Sale $739,000 0.0% $359 / Sq Ft
03/08/2018 03/08/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $739,000 -- $359 / Sq Ft
Source: The MLS

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 $11,329 $876,791 $597,915 $278,876
2024 $11,329 $859,600 $586,192 $273,408
2023 $11,114 $842,747 $574,699 $268,048
2022 $10,620 $826,224 $563,431 $262,793
2021 $10,485 $810,025 $552,384 $257,641
2020 $10,583 $801,720 $546,720 $255,000
2019 $9,583 $735,000 $500,000 $235,000
2018 $1,854 $87,516 $45,003 $42,513
2016 $1,756 $84,119 $43,256 $40,863
2015 $1,730 $82,857 $42,607 $40,250
2014 $1,752 $81,235 $41,773 $39,462
Source: Public Records

Agents Affiliated with this Home

  • Charles Picker

    Seller's Agent in 2018

    Charles Picker

    I.X.A.

    (626) 893-0277

    143 Total Sales

    Charles Picker
    Section Image
  • Jeff Kashanchi

    Buyer's Agent in 2018

    Jeff Kashanchi

    Estate Properties

    (310) 210-0743

    1 in this area

    15 Total Sales

    Jeff Kashanchi
    Section Image
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Map

Source: The MLS

MLS Number: 18-316556

The MLS

APN: 7347-015-024

California Los Angeles County Torrance 90501 Harbor Gateway

1535 W 228th St, Torrance, CA

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