NOT LISTED FOR SALE

1574 W 207th St Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $1,301,000 - $1,527,004

8 Beds
4 Baths
3,992 Sq Ft
$355/Sq Ft Est. Value

Last Sold February 02, 2016

Last sale price $959,000 $240 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $8,613/month

22 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • 5-minute walk to Janet Shour Playground

About This Home

As of February 2016

Excellent income property, built in 1985 with NO RENT CONTROL. All units are spacious 2 bedrooms and 1 bathroom. It’s located near the intersection of Torrance Blvd & Western Ave, in one of the South Bay’s most highly sought after rental markets, very close to the 405 & 110 freeways. With historically low vacancy rates, the property offers low operating expenses with individually metered gas and electric, water heaters for each unit, tenant-paid trash and off-street gated parking. Coin-operated (owned equipment) laundry located on-site provides additional income. A large interior storage closet is available for new owner (or could be leased for additional income). DO NOT DISTURB OCCUPANTS - DRIVE-BY-ONLY.

Last Agent to Sell the Property

Michael O'Connor

Diamond Ridge Realty License #01517005 Listed on: 11/18/2015

Last Buyer's Agent

Golnaz Shams

Golnaz Shams License #01928771

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,419

Year Built

  • Built in 1985

Lot Details

  • 6,000 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Rectangular Lot
  • Level Lot

Parking

  • 8 Parking Spaces

Home Design

  • 3,992 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 4983
  • Assessor Parcel Number 7351012001

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $667
  • Gardener Expense $540
  • Insurance Expense $1,320
  • Maintenance Expense $600
  • Water Sewer Expense $1,116
  • New Taxes Expense $12,591
  • Gross Income $58,800
  • Net Operating Income $40,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,419

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Inclusions: Laundry Equipment
  • Property Attached: Yes
  • Water Sewer Expenses: 1116.00
  • Property Type: Residential Income
  • Gardener Expense: 540.00
  • Parcel Number: 7351012001
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 240.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: Level, Rectangular Lot, Corner Lot
  • Lot Size Sq Ft: 6000.00
  • Price Per Lot Square Foot: 159.83
  • Lot Size Acres: 0.1380

Multi Family

  • Average2 Bed Area: 998
  • Electric Expense: 667.00
  • Gross Income: 58800.00
  • Gross Scheduled Income: 57600.00
  • Insurance Expense: 1320.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6000.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 40460.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 17188.00
  • Rent Control: No
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 12591.00
  • Tax Lot: 1
  • Tax Tract Number: 4983

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2015
Closed on
Dec 11, 2015
Sold by
Moreno Sandy
Bought by
Farjami Sassan and Farjami Beata
Seller's Agent
Michael O'Connor
Diamond Ridge Realty
Buyer's Agent
Golnaz Shams
Golnaz Shams
List Price
$988,800
Sold Price
$959,000
Premium/Discount to List
-$29,800
-3.01%
Current Estimated Value
$1,415,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,751
Avg. Annual Appreciation
4.08%
Original Mortgage
$719,250
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2007
Sold by
Jaycee Investments Llc
Bought by
Moreno Sandy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$586,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 13, 2006
Sold by
J & C Renovations
Bought by
Jaycee Investments Llc

Purchase Details

Closed on
Jun 17, 2005
Sold by
Pioch Wilfried and Pioch Gisela
Bought by
J & C Renovations

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,000
Interest Rate
5.56%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 1, 1995
Sold by
Pioch Wilfried and Pioch Gisela B
Bought by
Pioch Wilfried
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
Farjami Sassan $959,000 Ortc
Moreno Sandy $782,000 First American Title Co
Jaycee Investments Llc -- None Available
J & C Renovations $660,000 Fidelity National Title Co
Pioch Wilfried -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farjami Sassan $719,250
Previous Owner Moreno Sandy $586,500
Previous Owner J & C Renovations $528,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2016 02/02/16 Sold $959,000 -3.0% $240 / Sq Ft
12/10/2015 12/10/15 Pending -- -- --
11/18/2015 11/18/15 For Sale $988,800 -- $248 / 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 $14,419 $1,135,254 $661,738 $473,516
2024 $14,419 $1,112,995 $648,763 $464,232
2023 $14,144 $1,091,173 $636,043 $455,130
2022 $13,507 $1,069,778 $623,572 $446,206
2021 $13,325 $1,048,803 $611,346 $437,457
2019 $12,935 $1,017,697 $593,214 $424,483
2018 $12,797 $997,743 $581,583 $416,160
2016 $10,792 $840,000 $537,000 $303,000
2015 $10,782 $840,000 $537,000 $303,000
2014 $11,024 $840,000 $537,000 $303,000
Source: Public Records

Agents Affiliated with this Home

  • Michael O'Connor

    Seller's Agent in 2016

    Michael O'Connor

    Diamond Ridge Realty

    (951) 847-4883

    2 Total Sales

    Michael O'Connor
    Section Image
  • Golnaz Shams

    Buyer's Agent in 2016

    Golnaz Shams

    Golnaz Shams

    (562) 305-5631

    Golnaz Shams
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG15250768

California Regional Multiple Listing Service (CRMLS)

APN: 7351-012-001

California Los Angeles County Torrance 90501 Harbor Gateway

1574 W 207th St, Torrance, CA

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