Seller's Agent in 2014
Bill Mulkey
TR Wealth Management Inc.
(310) 919-7554
16 Total Sales
1569 W 227th St Torrance, CA 90501
Harbor Gateway Neighborhood
18
Beds
12
Baths
7,586
Sq Ft
8,934
Sq Ft Lot
About This Home
As of October 2014The subject offering is a beautiful 1990 built, two-story, wood frame and stucco apartment with six huge, three-bedroom two and one half bath town-home style units situated on the corner of Harvard and 227th Street in the Torrance PO area. Also know as The Harbor Gateway corridor in the City of Los Angeles, with all of the benefits of being close to Torrance shopping and employment centers. Torrance was incorporated in 1921, has 1.5 miles of beaches and neighbors the Beach Cities, Gardena, and Palos Verdes Peninsula. Torrance enjoys moderate warm temperatures and daily cool breezes from the ocean creating a low humidity. Torrance has over 145,000 residents, 30 city parks, and low crime rates.
This non-rent control building offers great curb appeal for a fantastic price and positive cash flow. The building was copper re-piped 5 years ago. Each unit having its own stove, dishwasher, hot water heater, forced air heating, & washer & dryer hookups. The property is an easy rental and has all long term section 8 based tenancy. It Can be managed by hands-on owners or continue to use current property management. The property offers two gated parking spaces per unit and has tenants paying for all of their own electricity, gas, trash too.
Last Agent to Sell the Property
TR Wealth Management Inc. License #00986020 Listed on: 08/31/2014
Last Buyer's Agent
Linda Governale
Century 21 Coastal Properties License #01330467
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1990
Lot Details
- 8,934 Sq Ft Lot
- Two or More Common Walls
- West Facing Home
- Density is up to 1 Unit/Acre
Home Design
- 7,586 Sq Ft Home
- Property Attached
- Raised Foundation
Bedrooms and Bathrooms
- 18 Bedrooms
- 12 Bathrooms
Parking
- 12 Parking Spaces
- Parking Available
- Assigned Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Location
- Urban Location
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 484
- Tax Tract Number 4529
- Assessor Parcel Number 7347011045
Community Details
Overview
- 6 Units
Building Details
- 6 Leased Units
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 6 Separate Water Meters
- Electric Expense $510
- Gardener Expense $960
- Insurance Expense $1,772
- Maintenance Expense $7,161
- Other Expense $1,520
- Professional Management Expense $8,164
- Water Sewer Expense $4,600
- New Taxes Expense $19,039
- Gross Income $11,935
- Net Operating Income $92,121
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2014 10/28/14 | Sold | $1,600,000 | 0.0% | $211 / Sq Ft |
| 09/12/2014 09/12/14 | Pending | -- | -- | -- |
| 08/31/2014 08/31/14 | For Sale | $1,599,900 | -- | $211 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Bill Mulkey
-
L
Buyer's Agent in 2014
Linda Governale
Century 21 Coastal Properties
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB14187823
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