NOT LISTED FOR SALE

1615 W 207th St Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $1,147,000 - $1,359,000

9 Beds
4 Baths
3,711 Sq Ft
$337/Sq Ft Est. Value

Last Sold August 05, 2015

Last sale price $786,000 $212 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $7,546/month

323 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace

About This Home

As of August 2015

Great opportunity to own a 4 unit building in Torrance. Front unit is a detached 3 bedroom, 1 bath home with its own laundry hooks ups in the rear. Rear building offers three 2 bedroom, 1 bath units with laundry hookups inside each unit. There is a covered parking area with storage cabinets and each unit is assigned a parking space. Property is located near shopping, restaurants, and easy access to 110 freeway.

Last Agent to Sell the Property

Frank Kenny

eXp Realty of Greater Los Angeles, Inc. License #01250123 Listed on: 02/19/2015

eXp Realty of Greater Los Angeles, Inc.

Last Buyer's Agent

Aekyung Lee

Onewest Properties License #01950900

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,955

Year Built

  • Built in 1952

Lot Details

  • 7,008 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 3,711 Sq Ft Home
  • Property Attached
  • Stucco

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 16
  • Tax Tract Number 4983
  • Assessor Parcel Number 7351008016

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,068
  • Trash Expense $2,040
  • Water Sewer Expense $2,400
  • New Taxes Expense $8,569
  • Gross Income $5,755
  • Net Operating Income $54,383

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,955

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7351008016
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 211.80

Exterior Features

  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Trash Expense: 2040.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7008.00
  • Price Per Lot Square Foot: 112.16
  • Lot Size Acres: 0.1610

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5755.00
  • Gross Scheduled Income: 69060.00
  • Insurance Expense: 1068.00
  • Lot Size Area: 7008.0000 Square Feet
  • Net Operating Income: 54383.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 14677.00
  • Rent Control: Yes
  • Total Actual Rent: 69060.00

Tax Info

  • New Taxes Expense: 8569.00
  • Tax Lot: 16
  • Tax Tract Number: 4983
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2015
Closed on
Jun 30, 2015
Sold by
Caldin Ralph L and Caldin Valere A
Bought by
Row Eugene
Seller's Agent
Frank Kenny
eXp Realty of Greater Los Angeles, Inc.
Buyer's Agent
Aekyung Lee
Onewest Properties
List Price
$825,000
Sold Price
$786,000
Premium/Discount to List
-$39,000
-4.73%
Current Estimated Value
$1,251,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$465,361
Avg. Annual Appreciation
4.65%
Original Mortgage
$550,000
Outstanding Balance
$430,648
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$820,713

Purchase Details

Closed on
Feb 22, 2014
Sold by
Caldin Ralph L and Caldin Ralph L
Bought by
Caldin Ralph L and Caldin Valere A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,500
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2007
Sold by
Caldin Ralph L and Caldin Ralph L
Bought by
Caldin Ralph L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
6.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2006
Sold by
Caldin Ralph L and Caldin Debra G
Bought by
Caldin Ralph L

Purchase Details

Closed on
Mar 7, 2003
Sold by
Gargantos Arnold Deleon
Bought by
Caldin Ralph L and Caldin Debra G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,400
Interest Rate
5.82%

Purchase Details

Closed on
Nov 9, 2001
Sold by
Ignjatovic Nikola
Bought by
Gargantos Arnold Deleon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
6.37%

Purchase Details

Closed on
Jul 13, 1998
Sold by
Buric Djordjiana
Bought by
Ignjatovic Nikola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 19, 1998
Sold by
Trust Castle Donald E And Mildred Trs Ca
Bought by
Ignjatovic Nikola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7%
Mortgage Type
Seller Take Back
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
Row Eugene $786,000 Title365 Company
Caldin Ralph L -- Usa National Title Company
Caldin Ralph L -- Fidelity National Title
Caldin Ralph L -- None Available
Caldin Ralph L $453,000 Commonwealth Land Title Ins
Gargantos Arnold Deleon $371,000 First American Title Co
Ignjatovic Nikola -- Lawyers Title Company
Ignjatovic Nikola $240,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Row Eugene $550,000
Previous Owner Caldin Ralph L $462,500
Previous Owner Caldin Ralph L $490,000
Previous Owner Caldin Ralph L $362,400
Previous Owner Gargantos Arnold Deleon $295,200
Previous Owner Ignjatovic Nikola $200,000
Closed Caldin Ralph L $45,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2015 08/05/15 Sold $786,000 -4.7% $212 / Sq Ft
06/16/2015 06/16/15 Pending -- -- --
07/28/2014 07/28/14 For Sale $825,000 -- $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 $11,955 $930,456 $473,516 $456,940
2024 $11,955 $912,213 $464,232 $447,981
2023 $11,728 $894,328 $455,130 $439,198
2022 $11,203 $876,793 $446,206 $430,587
2021 $11,048 $859,602 $437,457 $422,145
2020 $11,151 $850,789 $432,972 $417,817
2019 $10,726 $834,108 $424,483 $409,625
2018 $10,611 $817,754 $416,160 $401,594
2016 $10,119 $786,000 $400,000 $386,000
2015 $8,532 $653,755 $304,130 $349,625
2014 $8,569 $640,950 $298,173 $342,777
Source: Public Records

Agents Affiliated with this Home

  • Frank Kenny

    Seller's Agent in 2015

    Frank Kenny

    eXp Realty of Greater Los Angeles, Inc.

    (310) 791-0123

    2 in this area

    65 Total Sales

    Frank Kenny
    Section Image
  • Aekyung Lee

    Buyer's Agent in 2015

    Aekyung Lee

    Onewest Properties

    (213) 514-4413

    Aekyung Lee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14161458

California Regional Multiple Listing Service (CRMLS)

APN: 7351-008-016

California Los Angeles County Torrance 90501 Harbor Gateway

1615 W 207th St, Torrance, CA

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