NOT LISTED FOR SALE

1562 W 226th St Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $921,182 - $1,207,000

4 Beds
4 Baths
2,700 Sq Ft
$384/Sq Ft Est. Value

Last Sold February 01, 2017

Last sale price $630,000 $233 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $6,242/month

4 Days on Market

Highlights

  • Property is near public transit
  • Lawn
  • Paved or Partially Paved Lot

About This Home

As of February 2017

Don't let this pass out! Excellent opportunity for owner occupied or investor. These four units had been recently upgraded and generates good income.
Every unit consists of one bedroom and one bath, kitchen, formal dining room and living room. Near shopping center, public transportation and close to 405fwy and 110fwy.

Last Agent to Sell the Property

Saul Miranda

Amer Ex Realty Inc. Brokerage Phone: 562-753-1584 License #01432460 Listed on: 12/16/2016

Last Buyer's Agent

Jeff Kashanchi

Estate Properties License #00955833

Estate Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,471

Year Built

  • Built in 1955

Lot Details

  • 7,199 Sq Ft Lot
  • No Common Walls
  • Paved or Partially Paved Lot
  • Lawn
  • Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • 2,700 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Location

  • Property is near public transit
  • Suburban Location

Listing and Financial Details

  • Tenant pays for trash collection
  • Tax Lot 411
  • Tax Tract Number 4529
  • Assessor Parcel Number 7347011013

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1
  • Fuel Expense $1
  • Gardener Expense $720
  • Insurance Expense $1,300
  • Trash Expense $350
  • Water Sewer Expense $1,250
  • New Taxes Expense $7,500
  • Operating Expense $11,122
  • Gross Income $3,665
  • Net Operating Income $34,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,471

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1250.00
  • Zoning: LARD1.5
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Parcel Number: 7347011013
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 233.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Sewer: Public Sewer
  • Trash Expense: 350.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Lawn, Near Public Transit, Paved
  • Lot Size Sq Ft: 7199.00
  • Lot Size Acres: 0.1653

Rental Info

  • Tenant Pays: Trash Collection

Multi Family

  • Electric Expense: 1.00
  • Fuel Expense: 1.00
  • Gross Income: 3665.00
  • Gross Scheduled Income: 43980.00
  • Insurance Expense: 1300.00
  • Lot Size Area: 7199.0000 Square Feet
  • Net Operating Income: 34140.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 9840.00
  • Rent Control: Yes
  • Total Expenses: 11122.00

Tax Info

  • New Taxes Expense: 7500.00
  • Tax Census Tract: 2932.02
  • Tax Lot: 411
  • Tax Tract Number: 4529

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2016
Closed on
Mar 6, 2017
Sold by
Morcos Ehab F
Bought by
Mina Llc
Seller's Agent
Saul Miranda
Amer Ex Realty Inc.
Buyer's Agent
Jeff Kashanchi
Estate Properties
List Price
$599,999
Sold Price
$630,000
Premium/Discount to List
$30,001
5%
Current Estimated Value
$1,036,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$406,546
Avg. Annual Appreciation
5.86%

Purchase Details

Listed on
Dec 16, 2016
Closed on
Dec 28, 2016
Sold by
Alvarado Manuel A
Bought by
Morcos Ehab F and Hanna Abeer E
Seller's Agent
Saul Miranda
Amer Ex Realty Inc.
Buyer's Agent
Jeff Kashanchi
Estate Properties
List Price
$599,999
Sold Price
$630,000
Premium/Discount to List
$30,001
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2009
Sold by
Alvarado Silvia Rossana
Bought by
Alvarado Manuel A

Purchase Details

Closed on
Apr 21, 2009
Sold by
La Estates Llc
Bought by
Alvarado Manuel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,573
Interest Rate
5.59%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 2, 2009
Sold by
Us Bank National Association
Bought by
La Estates Llc

Purchase Details

Closed on
Sep 22, 2005
Sold by
Ramirez Eva and Rios Teresa De Jesus
Bought by
Gomez Juan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,500
Interest Rate
10.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2005
Sold by
Alexander Robert B
Bought by
Ramirez Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,750
Interest Rate
7.32%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 8, 1994
Sold by
Alexander Charonnat
Bought by
Alexander Robert B

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
8.87%

Purchase Details

Closed on
Nov 3, 1994
Sold by
Coast Federal Bank Fsb
Bought by
Alexander Robert B

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
8.87%

Purchase Details

Closed on
May 10, 1994
Sold by
Coast Fed Services
Bought by
Coast Federal Bank Fsb
Source: Public Records

Range of Values:

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Average Value
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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 F $623,000 Lawyers Title
Alvarado Manuel A -- Lawyers Title
Alvarado Manuel A $410,000 Lawyers Title
La Estates Llc -- Lawyers Title
Gomez Juan $667,500 Ticor Title Co Glendale
Ramirez Eva $545,000 Gateway Title Company
Alexander Robert B -- Stewart Title
Alexander Robert B $150,000 Stewart Title
Coast Federal Bank Fsb $215,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morcos Ehab F $430,000
Previous Owner Alvarado Manuel A $402,573
Previous Owner Gomez Juan $667,500
Previous Owner Ramirez Eva $517,750
Previous Owner Alexander Robert B $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2017 02/01/17 Sold $630,000 0.0% $233 / Sq Ft
12/21/2016 12/21/16 Price Changed $629,999 +5.0% $233 / Sq Ft
12/20/2016 12/20/16 Pending -- -- --
12/16/2016 12/16/16 For Sale $599,999 -- $222 / 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 $9,471 $723,038 $406,201 $316,837
2024 $9,471 $708,862 $398,237 $310,625
2023 $9,293 $694,964 $390,429 $304,535
2022 $8,882 $681,338 $382,774 $298,564
2021 $8,761 $667,979 $375,269 $292,710
2019 $8,508 $648,169 $364,140 $284,029
2018 $8,364 $635,460 $357,000 $278,460
2016 $6,029 $447,063 $359,832 $87,231
2015 $5,938 $440,348 $354,427 $85,921
2014 $5,969 $431,723 $347,485 $84,238
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Saul Miranda

    Amer Ex Realty Inc.

    (562) 753-1584

    52 Total Sales

    Saul Miranda
    Section Image
  • Jeff Kashanchi

    Buyer's Agent in 2017

    Jeff Kashanchi

    RE/MAX

    (310) 210-0743

    1 in this area

    15 Total Sales

    Jeff Kashanchi
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS16764407

California Regional Multiple Listing Service (CRMLS)

APN: 7347-011-013

California Los Angeles County Torrance 90501 Harbor Gateway

1562 W 226th St, Torrance, CA

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