NOT LISTED FOR SALE

1560 W 227th St Torrance, CA 90501

Harbor Gateway Neighborhood
6 Beds
6 Baths
3,621 Sq Ft
7,201 Sq Ft Lot

Last Sold August 19, 2013

Last sale price $700,000 $193 Per Sq Ft

21 Days on Market

About This Home

As of August 2013

RARE OPPORTUNITY YOU CAN NOT PASS ON!!! 6 Units total, well maintained with great tenants who have been occupying for years. Located in an excellent rental area....NO RENT CONTROL....Coin operated laundry facility on site with ample parking for each unit. Units consist of (1) attached 2 bed / 1 bath home, (4) 1 bed / 1 bath and (1) studio. New roof 2005, new water heater 2011 and painted in 2003.

Last Agent to Sell the Property

Anthony Milanes

The Realty Group License #01871926 Listed on: 05/27/2013

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 7,201 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,621 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • 2 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 521
  • Tax Tract Number 4529
  • Assessor Parcel Number 7347015003

Community Details

Overview

  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $40
  • Insurance Expense $150
  • Other Expense $48
  • Trash Expense $240
  • Water Sewer Expense $150
  • New Taxes Expense $700
  • Gross Income $4,890
  • Net Operating Income $43,740

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • CapRate: 6.25
  • Property Attached: Yes
  • Water Sewer Expenses: 150.00
  • Property Type: Residential Income
  • Parcel Number: 7347015003
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 193.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 240.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Urban

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7201.00
  • Lot Size Acres: 0.1650

Multi Family

  • Electric Expense: 40.00
  • Gross Income: 4890.00
  • Gross Multiplier: 11.90
  • Gross Scheduled Income: 58680.00
  • Insurance Expense: 150.00
  • Lot Size Area: 7201.0000 Square Feet
  • Net Operating Income: 43740.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 14940.00
  • Other Expense: 48.00
  • Other Expense Description: W/D rent
  • Rent Control: No
  • Total Actual Rent: 4890.00

Tax Info

  • New Taxes Expense: 700.00
  • Tax Lot: 521
  • 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
08/19/2013 08/19/13 Sold $700,000 0.0% $193 / Sq Ft
06/17/2013 06/17/13 Pending -- -- --
05/27/2013 05/27/13 For Sale $700,000 -- $193 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Anthony Milanes

    The Realty Group

    (562) 256-9890

    25 Total Sales

    Anthony Milanes
    Section Image

  • N

    Buyer's Agent in 2013

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    6,003 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13103757

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Torrance 90501 Harbor Gateway

1560 W 227th St, Torrance, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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