$1,975,000
SOLD MAR 25, 2022
10 Beds
4 Baths
4,117 Sq Ft
0.41 Acres

Recently Sold

$480 Per Sq Ft

2 Days on Market

Highlights

  • 0.41 Acre Lot
  • Guest Parking
  • 1-Story Property
  • 6 Car Garage

About This Home

As of March 2022

DEVELOPMENT OPPORTUNITY - 1610 W 218th St, Torrance is a unique opportunity to own a 4-unit residential income property that presents a development opportunity with its 18,003 square foot lot. Zoned R3 and with a 100' frontage by 180' depth, the parcel allows for 22 buildable units by right. Located in a designated Opportunity Zone, a new owner can take advantage of deferring capital gains and a step up in basis through improving the property. The property also benefits by residing within a transit priority area. The property is just a block from Western Ave and W Carson Ave in Torrance. Residents benefit from the transportation options available to them. The Harbor Freeway (110), San Diego Freeway (405), Long Beach Freeway (710), and Artesia Freeway (91) link the area to the rest of Southern California and beyond. Proximity to Harbor-UCLA Medical Center, Honda Headquarters, Long Beach Port, LAX, and many other large employers. PLEASE DO NOT WALK THE PROPERTY OR SPEAK WITH TENANTS, THEY ARE UNAWARE OF THE SALE.

Last Agent to Sell the Property

Daniel Shieh

Lyon Stahl Investment Real Estate, Inc. License #01978847 Listed on: 02/16/2022

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Joanne Kootsikas

License #01245744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $26,127

Year Built

  • Built in 1928

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 100 x 180

Parking

  • 6 Car Garage
  • 4 Open Parking Spaces
  • Driveway
  • Guest Parking
  • On-Street Parking

Interior Spaces

  • 4,117 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 7346-004-010

Community Details

Overview

  • 6 Buildings
  • 4 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$26,127

Year Built

Built in 1928

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4117
  • Lot Acreage: 0.4133
  • Lot Dimensions: 100 x 180
  • Probate: No
  • Stories: 1
  • Year Built: 1928
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 479.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 6
  • Other Spaces: 4
  • Parking Garage: Above Street Level, Driveway, Garage Is Detached, Garage - 1 Car, Garage - 2 Car, Parking for Guests, Driveway - Concrete
  • Total Parking: 10

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 37.48
  • Assessed Improvement Value: 153909
  • Assessed Land Percent: 62.52
  • Assessed Land Value: 256740
  • Total Assessed Value: 410649
  • Assessor Parcel Number: 7346-004-010
  • Lot Size Area: 18003

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 0
  • Type Of Units: 2 BED
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
Mar 21, 2022
Sold by
Double L Properties Llc
Bought by
Rooster Fish Llc
Seller's Agent
Daniel Shieh
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Joanne Kootsikas
List Price
$1,975,000
Sold Price
$1,975,000
Current Estimated Value
$2,015,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,868
Avg. Annual Appreciation
-0.41%

Purchase Details

Closed on
Aug 30, 2016
Sold by
Loduca Paul and Ladre Rose Anne
Bought by
Double L Properties Llc

Purchase Details

Closed on
May 4, 2016
Sold by
Loduca Paul Anthony and Loduca Trust
Bought by
Loduca Paul Anthony and Ladre Rose Anne

Purchase Details

Closed on
Apr 8, 2016
Sold by
Loduca Francis
Bought by
Loduca Paul Anthony

Purchase Details

Closed on
Nov 29, 2006
Sold by
Kroll Rose Anne and Loduca Paul Anthony
Bought by
Loduca Francis and Loduca Trust

Purchase Details

Closed on
Feb 28, 2006
Sold by
Loduca Francis and Loduca Trust
Bought by
Loduca Francis and Loduca Trust

Purchase Details

Closed on
Feb 3, 1994
Sold by
Loduca Francis
Bought by
Loduca Francis
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,975,000 First American Title Company O
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Accommodation
Quit Claim Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $1,975,000 0.0% $480 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $1,975,000 -- $480 / Sq Ft
Source: The MLS

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 $26,127 $2,095,885 $1,140,798 $955,087
2024 $26,127 $2,054,790 $1,118,430 $936,360
2023 $25,628 $2,014,500 $1,096,500 $918,000
2022 $6,330 $418,861 $261,874 $156,987
2021 $6,233 $410,649 $256,740 $153,909
2020 $6,279 $406,439 $254,108 $152,331
2019 $6,071 $398,471 $249,126 $149,345
2018 $5,758 $390,659 $244,242 $146,417
2016 $5,430 $375,491 $234,758 $140,733
2015 $5,260 $369,852 $231,232 $138,620
2014 $5,290 $362,608 $226,703 $135,905
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-127531

The MLS

APN: 7346-004-010