NOT LISTED FOR SALE
6 Beds
6 Baths
4,091 Sq Ft
7,198 Sq Ft Lot

Last Sold December 27, 2018

Last sale price $938,000 $229 Per Sq Ft

28 Days on Market

Highlights

  • No HOA
  • Living Room
  • Wrought Iron Fence
  • Neighborhood Views
  • Laundry Room
  • Level Lot

About This Home

As of December 2018

Looking for a great investment property? This six unit multi-family building is located in the city of Torrance. Property was built in 1984, offers a total of 4,091 square foot of living space and sits on a 7,198 square foot lot. This property consists of ONE (1) 2 Bedroom/1 bath unit, FOUR (4) 1 bedroom/1 bath units, and ONE (1) studio with 1 bath. There is the convenience of both on-site laundry and parking for the tenants. All units are individually metered for gas and electric. This property will give new owner an opportunity to increase rents to market value. Conveniently located near schools, shops, restaurants, and 110 Freeway.

Last Agent to Sell the Property

Jacob Abeelen

T.N.G. Real Estate Consultants License #01973535 Listed on: 10/18/2018

T.N.G. Real Estate Consultants

Co-Listed By

James Oronoz

Circa Properties, Inc. License #02056694

Last Buyer's Agent

Grady Liu

MacroReal Inv Grp Inc. License #01290494

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 7,198 Sq Ft Lot
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Level Lot
  • Front Yard

Home Design

  • Apartment
  • Slab Foundation
  • Stucco

Interior Spaces

  • 4,091 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Neighborhood Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Parking Spaces
  • Parking Available
  • Covered Parking
  • Paved Parking
  • Uncovered Parking
  • Parking Lot
  • Off-Street Parking
  • Assigned Parking

Additional Features

  • Rain Gutters
  • Suburban Location
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 416
  • Tax Tract Number 4529
  • Assessor Parcel Number 7347011018

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $725
  • Fuel Expense $1,143
  • Gardener Expense $480
  • Insurance Expense $1,526
  • Maintenance Expense $9,951
  • Pest Control $405
  • Professional Management Expense $3,444
  • Trash Expense $2,570
  • Water Sewer Expense $3,215
  • New Taxes Expense $13,340
  • Operating Expense $37,132
  • Gross Income $60,757
  • Net Operating Income $23,625

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 3444.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 3215.30
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 7347011018
  • Year Built: 1984
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 229.28
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Slab
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Covered, Concrete, Off Street, On Site, Parking Space, Uncovered
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Community, Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 405.00
  • Sewer: Public Sewer
  • Trash Expense: 2570.30
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level with Street
  • Lot Size: 40/180
  • Lot Size Sq Ft: 7198.00
  • Lot Size Acres: 0.1652

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 725.07
  • Fuel Expense: 1143.30
  • Gross Income: 60756.50
  • Gross Scheduled Income: 60756.00
  • Insurance Expense: 1526.00
  • Laundry Income: 1728.50
  • Lot Size Area: 7198.0000 Square Feet
  • Maintenance Expense: 9951.10
  • Net Operating Income: 23624.60
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 37131.90
  • Rent Control: No
  • Total Actual Rent: 4919.00
  • Total Expenses: 37131.90

Tax Info

  • New Taxes Expense: 13340.00
  • Tax Census Tract: 2932.02
  • Tax Lot: 416
  • Tax Tract Number: 4529

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2018 12/27/18 Sold $938,000 -18.4% $229 / Sq Ft
11/15/2018 11/15/18 Pending -- -- --
10/18/2018 10/18/18 For Sale $1,150,000 -- $281 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18233479

California Regional Multiple Listing Service (CRMLS)