NOT LISTED FOR SALE

Estimated Value: $1,075,436 - $1,319,000

6 Beds
3 Baths
2,625 Sq Ft
$437/Sq Ft Est. Value

Last Sold June 01, 2015

Last sale price $600,000 $229 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $6,815/month

64 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Living Room
  • Tile Flooring
  • Granite Countertops
  • Bungalow
  • 3 Car Garage

About This Home

As of June 2015

Great investment opportunity: Better than a triplex! Three free standing 2bed/1bath bungalows (875 sq ft each) on an over sized lot of 9000 sq ft. The front and back units are vacant and have been extensively renovated with: ceramic tile flooring in the living rooms, kitchens and bathrooms; the bedrooms have wood flooring; kitchens have new cabinets with granite counter tops, sinks and faucets; bathrooms have new bathtubs, sinks/vanities, and toilets; entire interior freshly painted. The middle unit is occupied, has not been updated and collects $1300 is monthly rent (the tenant is now month-to-month). Each bungalow has its own front patio area. There is a detached three car garage at the back of the property plus room for one additional uncovered parking. The generous front yard/common area can be landscaped or used for two additional uncovered parking. All units have their own electric and gas meters. This is a great multi unit investment. The billboard brings in additional monthly income. Don’t miss this great opportunity. Do not disturb tenants.

Last Agent to Sell the Property

Katherine Muller

Vista Sotheby’s International Realty License #01864846 Listed on: 02/11/2015

Last Buyer's Agent

Katherine Muller

Vista Sotheby’s International Realty License #01864846 Listed on: 02/11/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,389

Year Built

  • Built in 1962

Lot Details

  • 9,000 Sq Ft Lot
  • No Common Walls
  • Block Wall Fence
  • Fence is in average condition
  • Level Lot
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Bungalow
  • Slab Foundation
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,625 Sq Ft Home
  • Blinds
  • Living Room

Kitchen

  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 608
  • Tax Tract Number 4529
  • Assessor Parcel Number 7347015034

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 1 Leased Unit
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $550
  • Gardener Expense $210
  • Insurance Expense $698
  • Other Expense $2,500
  • Trash Expense $550
  • Water Sewer Expense $550
  • New Taxes Expense $7,565
  • Gross Income $4,226
  • Net Operating Income $36,821

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,389

Year Built

Built in 1962

Lot Details

0

Parking

3

Listing Details

  • CapRate: 6.00
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 550.00
  • Zoning: LACM
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Gardener Expense: 210.00
  • Parcel Number: 7347015034
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Copper Plumbing Partial, Unfurnished
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 228.57
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fencing: Average Condition, Block
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: No
  • Appliances: Disposal, Gas Water Heater
  • Heating Type: Wall Furnace
  • Trash Expense: 550.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre, Front Yard, Level with Street
  • Lot Size Sq Ft: 9000.00
  • Lot Size Acres: 0.2070

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 550.00
  • Gross Income: 4226.00
  • Gross Scheduled Income: 49824.00
  • Insurance Expense: 698.00
  • Lot Size Area: 9000.0000 Square Feet
  • Net Operating Income: 36821.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 1
  • Number Of Units Total: 3
  • Operating Expense: 12690.00
  • Other Expense: 2500.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Actual Rent: 46586.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 7565.00
  • Taxes Percent: 1.22
  • Tax Lot: 608
  • Tax Tract Number: 4529
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2015
Closed on
May 18, 2015
Sold by
Gpg Torrance Llc
Bought by
Shishido Koral B and Shishido Reid T
Seller's Agent
Katherine Muller
Vista Sotheby’s International Realty
Buyer's Agent
Katherine Muller
Vista Sotheby’s International Realty
List Price
$615,000
Sold Price
$600,000
Premium/Discount to List
-$15,000
-2.44%
Current Estimated Value
$1,147,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$547,109
Avg. Annual Appreciation
6.42%
Original Mortgage
$600,000
Outstanding Balance
$461,547
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$685,562

Purchase Details

Listed on
Feb 11, 2015
Closed on
Apr 28, 2015
Sold by
Aufhammer Alan and Aufhammer Jacquelyn
Bought by
Gpg Torrance Llc
Seller's Agent
Katherine Muller
Vista Sotheby’s International Realty
Buyer's Agent
Katherine Muller
Vista Sotheby’s International Realty
List Price
$615,000
Sold Price
$600,000
Premium/Discount to List
-$15,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$461,547
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$685,562

Purchase Details

Closed on
Jun 21, 2014
Sold by
Aufhammer Alan and Aufhammer Jacquelyn
Bought by
Gpg Torrance Llc

Purchase Details

Closed on
May 22, 2012
Sold by
Aufhammer Alan and Aufhammer Jacquelyn
Bought by
Aufhammer Alan and Aufhammer Jacquelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2011
Sold by
Hsbc Bank Usa National Association
Bought by
Aufhammer Alan and Aufhammer Jacquelyn

Purchase Details

Closed on
Jun 8, 2011
Sold by
Camarena Rogelio
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Apr 7, 2008
Sold by
Camarena Rogelio
Bought by
Garcia Camarena Fernando and Garcia Aleida O

Purchase Details

Closed on
Apr 20, 2005
Sold by
Camarena Fernando and Garcia Aleida
Bought by
Camarena Rogelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
5.99%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 7, 2000
Sold by
Mcconnel Leona Trust
Bought by
Camarena Rogelio and Bautista Juana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,265
Interest Rate
8.3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Shishido Koral B $600,000 Priority Title
Gpg Torrance Llc -- Priority Title
Gpg Torrance Llc -- None Available
Aufhammer Alan -- None Available
Aufhammer Alan -- American Coast Title
Aufhammer Alan $275,000 Orange Coast Title Company
Hsbc Bank Usa National Association $308,855 Lsi Title Company
Garcia Camarena Fernando -- None Available
Camarena Rogelio -- Chicago Title Co
Camarena Rogelio -- Chicago Title Co
Camarena Rogelio $200,000 Gateway Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shishido Koral B $600,000
Previous Owner Aufhammer Alan $266,000
Previous Owner Camarena Rogelio $306,000
Previous Owner Camarena Rogelio $198,265
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2015 06/01/15 Sold $600,000 -2.4% $229 / Sq Ft
04/16/2015 04/16/15 Pending -- -- --
02/11/2015 02/11/15 For Sale $615,000 -- $234 / 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 $9,389 $721,102 $408,625 $312,477
2024 $9,389 $706,963 $400,613 $306,350
2023 $9,214 $693,102 $392,758 $300,344
2022 $8,806 $679,512 $385,057 $294,455
2021 $8,689 $666,189 $377,507 $288,682
2020 $8,768 $659,359 $373,637 $285,722
2019 $8,439 $646,431 $366,311 $280,120
2018 $8,237 $633,757 $359,129 $274,628
2016 $7,860 $609,150 $345,185 $263,965
2015 $7,078 $540,000 $380,000 $160,000
2014 $4,040 $281,772 $158,817 $122,955
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB15065407

California Regional Multiple Listing Service (CRMLS)

APN: 7347-015-034