M
Seller's Agent in 2024
Mike Sudwal
Realty ONE Group United
(310) 344-2907
2 in this area
27 Total Sales
1621 W 224th St Torrance, CA 90501
Harbor Gateway Neighborhood
9
Beds
6
Baths
3,686
Sq Ft
7,200
Sq Ft Lot
About This Home
As of November 2024Torrance with three units !!! All three units have three bedrooms each, with the front stacked units featuring two full baths. The house at the back, which originally stood on the property, also has three bedrooms but with one bath. Notably, the stacked units A and B were constructed in 1988, indicating they aren't subject to rent control, while the house at the back falls under rent control regulations. Additionally, the seller intends to carry out a 1031 exchange in out of california. This information should provide a comprehensive overview for potential buyers or investors interested in the property.
Last Agent to Sell the Property
Realty ONE Group United Brokerage Phone: 3103442907 License #01872826 Listed on: 05/21/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,050
Year Built
- Built in 1988
Lot Details
- 7,200 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 1 Open Parking Space
- 3 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 3,686 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tenant pays for all utilities
- Tax Lot 269
- Tax Tract Number 4529
- Assessor Parcel Number 7347001023
- $800 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $5,054
- Professional Management Expense $3,456
- Trash Expense $1
- Water Sewer Expense $5,400
- Operating Expense $13,910
- Gross Income $72,156
- Net Operating Income $56,081
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 21, 2024
Closed on
Oct 31, 2024
Sold by
Mobashar Asma
Bought by
Malik Mobashar Mehdi
Seller's Agent
Mike Sudwal
Realty ONE Group United
Buyer's Agent
Vishesh Sharma
Century 21 Union Realty
List Price
$1,350,000
Sold Price
$1,200,000
Premium/Discount to List
-$150,000
-11.11%
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,027
Avg. Annual Appreciation
2.75%
Original Mortgage
$800,000
Interest Rate
5.25%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 21, 2024
Closed on
Sep 17, 2024
Sold by
Singh Sohan and Kaur Jasvir
Bought by
Ashfaq Mohammad and Malik Mobashar Mehdi
Seller's Agent
Mike Sudwal
Realty ONE Group United
Buyer's Agent
Vishesh Sharma
Century 21 Union Realty
List Price
$1,350,000
Sold Price
$1,200,000
Premium/Discount to List
-$150,000
-11.11%
Views
27
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 8, 1998
Sold by
Affordable Homes Inc
Bought by
Singh Schan and Kaur Jasvir
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.01%
Purchase Details
Closed on
Mar 11, 1998
Sold by
Hud
Bought by
Affordable Homes Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,830
Interest Rate
7.05%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 20, 1997
Sold by
Huitron Margarita Y and Rodriguez Fernando
Bought by
Countrywide Home Loans Inc
Purchase Details
Closed on
Mar 27, 1997
Sold by
Countrywide Home Loans Inc
Bought by
Hud
Purchase Details
Closed on
Aug 1, 1995
Sold by
First Bank National Assn
Bought by
Huitron Margarita Y and Rodriguez Fernando
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,289
Interest Rate
7.61%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 26, 1995
Sold by
Lomeli Maria E
Bought by
Lomeli Raul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,289
Interest Rate
7.61%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 8, 1994
Sold by
Amirani Majid C and American Svgs Bank
Bought by
American Svgs Bank Fa
Purchase Details
Closed on
Oct 5, 1994
Sold by
Martin Frank A
Bought by
Amirani Majid
Purchase Details
Closed on
Sep 19, 1994
Sold by
Pecar Corp
Bought by
Amirani Majid
Purchase Details
Closed on
Sep 15, 1994
Sold by
Amirani Majid
Bought by
Pecar Corp
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Fidelity National Title | |
| Grant Deed | -- | Fidelity National Title | |
| Grant Deed | $1,200,000 | Fidelity National Title | |
| Grant Deed | $1,200,000 | Fidelity National Title | |
| Grant Deed | $225,000 | First American Title Ins Co | |
| Individual Deed | $205,500 | -- | |
| Trustee Deed | $232,005 | -- | |
| Corporate Deed | -- | Landsafe Title | |
| Corporate Deed | $216,000 | Investors Title Company | |
| Corporate Deed | -- | Investors Title Company | |
| Gift Deed | -- | Investors Title Company | |
| Trustee Deed | $423,430 | Stewart Title | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Grant Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $800,000 | New Conventional | |
| Previous Owner | $180,000 | No Value Available | |
| Previous Owner | $186,830 | FHA | |
| Previous Owner | $206,289 | FHA |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/15/2024 11/15/24 | Sold | $1,200,000 | -11.1% | $326 / Sq Ft |
| 09/12/2024 09/12/24 | Pending | -- | -- | -- |
| 05/21/2024 05/21/24 | For Sale | $1,350,000 | -- | $366 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $5,050 | $1,200,000 | $780,000 | $420,000 |
| 2024 | $5,050 | $345,800 | $153,688 | $192,112 |
| 2023 | $4,961 | $339,021 | $150,675 | $188,346 |
| 2022 | $4,753 | $332,374 | $147,721 | $184,653 |
| 2021 | $4,674 | $325,858 | $144,825 | $181,033 |
| 2020 | $4,709 | $322,517 | $143,340 | $179,177 |
| 2019 | $4,545 | $316,194 | $140,530 | $175,664 |
| 2018 | $4,401 | $309,995 | $137,775 | $172,220 |
| 2016 | $4,171 | $297,960 | $132,426 | $165,534 |
| 2015 | $4,109 | $293,485 | $130,437 | $163,048 |
| 2014 | $4,132 | $287,737 | $127,882 | $159,855 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Sudwal
-
Vishesh Sharma
Buyer's Agent in 2024
Vishesh Sharma
Century 21 Union Realty
(310) 803-7755
1 in this area
35 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24102806
APN: 7347-001-023
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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