Seller's Agent in 2021
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
4 in this area
95 Total Sales
1627 259th St Harbor City, CA 90710
Harbor City NeighborhoodEstimated Value: $1,107,172 - $1,140,000
6
Beds
5
Baths
3,126
Sq Ft
$359/Sq Ft
Est. Value
About This Home
As of August 2021Excellent investment opportunity with over 25% upside in rental income. Property is situated on a 10,002 Sq.Ft. lot and consists of a front 2-bedroom house and two 1-bedroom duplexes. Property is well maintained. Each unit features updated flooring, countertops, plenty of outdoor patio space, and garages making each unit feel like a home. Once stabilized, it would operate at a 6.89% CAP and 10.15 GRM.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 07/13/2021
Last Buyer's Agent
Lyon Stahl Investment Real Estate, Inc. License #01315042 Listed on: 07/13/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,701
Year Built
- Built in 1953
Lot Details
- 10,002 Sq Ft Lot
- No Common Walls
Parking
- 5 Car Garage
Home Design
- 3,126 Sq Ft Home
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Bathrooms
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 18 / 78
- Tax Tract Number 2820
- Assessor Parcel Number 7411004033
Community Details
Overview
- 3 Buildings
- 5 Units
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,000
- Fuel Expense $900
- Gardener Expense $1,200
- Insurance Expense $1,250
- Maintenance Expense $3,250
- Professional Management Expense $3,623
- Water Sewer Expense $1,400
- Operating Expense $24,699
- Gross Income $72,456
- Net Operating Income $44,134
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 13, 2021
Closed on
Aug 9, 2021
Sold by
259 Villas Llc
Bought by
Lim John Chin Tiong and Lim Kitty Ngan
Seller's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
List Price
$998,000
Sold Price
$970,000
Premium/Discount to List
-$28,000
-2.81%
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
$150,938
Avg. Annual Appreciation
3.72%
Original Mortgage
$555,000
Outstanding Balance
$507,205
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$616,381
Purchase Details
Closed on
Oct 17, 2007
Sold by
Norton Janice L and The Renice E Philpps Revocable
Bought by
259 Villas Llc
Purchase Details
Closed on
Jul 12, 2006
Sold by
Phipps Renice E
Bought by
Livi Phipps Renice E and Livi Renice E Phipps Revocable
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lim John Chin Tiong | $970,000 | Pacific Coast Title Company | |
| Behnam Saman | -- | Pacific Coast Title Company | |
| 259 Llc | -- | Pacific Coast Title | |
| 259 Villas Llc | $685,000 | North American Title | |
| Livi Phipps Renice E | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lim John Chin Tiong | $555,000 | |
| Previous Owner | 259 Villas Llc | $325,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2021 08/11/21 | Sold | $970,000 | -2.8% | $310 / Sq Ft |
| 07/13/2021 07/13/21 | For Sale | $998,000 | -- | $319 / 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 | $13,701 | $1,029,371 | $615,500 | $413,871 |
| 2024 | $13,701 | $1,009,188 | $603,432 | $405,756 |
| 2023 | $13,449 | $989,400 | $591,600 | $397,800 |
| 2022 | $12,524 | $970,000 | $580,000 | $390,000 |
| 2021 | $10,952 | $831,228 | $459,906 | $371,322 |
| 2020 | $11,052 | $822,706 | $455,191 | $367,515 |
| 2019 | $10,638 | $806,575 | $446,266 | $360,309 |
| 2018 | $10,471 | $790,761 | $437,516 | $353,245 |
| 2016 | $9,997 | $760,057 | $420,528 | $339,529 |
| 2015 | $7,182 | $525,000 | $290,400 | $234,600 |
| 2014 | $7,347 | $525,000 | $290,400 | $234,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2021
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
182 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB21152989
APN: 7411-004-033
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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