NOT LISTED FOR SALE

1631 W 228th St Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $1,126,000 - $1,480,000

8 Beds
4 Baths
3,396 Sq Ft
$361/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $900,000 $265 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,575/month

6 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Rectangular Lot

About This Home

As of March 2020

4 units close to shopping and major streets. Property needs some TLC but still in good condition. Seller recently installed all new windows.

Last Agent to Sell the Property

Rogelio Flores

Coldwell Banker Envision License #01300127 Listed on: 01/25/2020

Coldwell Banker Envision

Last Buyer's Agent

John Novak

Beach City Brokers License #01944583

Beach City Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,610

Year Built

  • Built in 1960

Lot Details

  • 7,203 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • 3,396 Sq Ft Home
  • Quadruplex
  • Cosmetic Repairs Needed
  • Raised Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 620
  • Tax Tract Number 4529
  • Assessor Parcel Number 7347016025

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $636
  • Insurance Expense $2,000
  • Professional Management Expense $3,180
  • Trash Expense $3,960
  • Water Sewer Expense $6,864
  • New Taxes Expense $5,000
  • Operating Expense $21,640
  • Gross Income $31,924
  • Net Operating Income $31,294

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,610

Year Built

Built in 1960

Lot Details

0

Listing Details

  • CapRate: 3.50
  • Professional Management Expense: 3180.00
  • Property Attached: Yes
  • Water Sewer Expenses: 6864.00
  • Zoning: LACM
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7347016025
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 265.02

Exterior Features

  • Foundation: Raised
  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 3960.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7203.00
  • Lot Size Acres: 0.1654

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 636.00
  • Gross Income: 31924.00
  • Gross Multiplier: 17.36
  • Gross Scheduled Income: 52934.00
  • Insurance Expense: 2000.00
  • Lot Size Area: 7203.0000 Square Feet
  • Net Operating Income: 31294.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 21640.00
  • Rent Control: Yes
  • Total Expenses: 21640.00

Tax Info

  • New Taxes Expense: 5000.00
  • Tax Census Tract: 2932.02
  • Tax Lot: 620
  • Tax Tract Number: 4529

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2020
Closed on
Feb 6, 2020
Sold by
Yang Qing Fen
Bought by
Chen Long and He Yang
Seller's Agent
Rogelio Flores
Coldwell Banker Envision
Buyer's Agent
John Novak
Beach City Brokers
List Price
$919,000
Sold Price
$900,000
Premium/Discount to List
-$19,000
-2.07%
Current Estimated Value
$1,240,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,269
Avg. Annual Appreciation
5.61%
Original Mortgage
$630,000
Outstanding Balance
$555,548
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$670,227

Purchase Details

Closed on
Jun 15, 2013
Sold by
Fu Jian Hui
Bought by
Yang Qing Fen

Purchase Details

Closed on
Nov 10, 1999
Sold by
Hud
Bought by
Fu Jian Hui and Yang Qing Fen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.69%

Purchase Details

Closed on
Mar 22, 1999
Sold by
Chase Manhattan Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jun 18, 1998
Sold by
Rotondaro Claudio
Bought by
Chase Manhattan Mtg Corp

Purchase Details

Closed on
Mar 20, 1997
Sold by
South Western Associates Inc
Bought by
Rotondaro Claudio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,921
Interest Rate
7.63%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 25, 1997
Sold by
Cabanday Orlando C Co Tr Cabandy Trust
Bought by
South Western Associates Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,921
Interest Rate
7.63%
Mortgage Type
FHA
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
Chen Long $900,000 Orange Coast Title Company
Yang Qing Fen -- None Available
Fu Jian Hui $206,500 Provident Title Company
Hud -- Benefit Land Title Ins Co
Chase Manhattan Mtg Corp $330,752 Benefit Land Title Ins Co
Rotondaro Claudio $315,000 Commonwealth Title Co
South Western Associates Inc $190,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Long $630,000
Previous Owner Fu Jian Hui $126,000
Previous Owner Rotondaro Claudio $300,921
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2020 03/16/20 Sold $900,000 -2.1% $265 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
01/25/2020 01/25/20 For Sale $919,000 -- $271 / 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 $12,610 $984,277 $574,162 $410,115
2024 $12,610 $964,978 $562,904 $402,074
2023 $12,371 $946,058 $551,867 $394,191
2022 $11,816 $927,509 $541,047 $386,462
2021 $11,657 $909,324 $530,439 $378,885
2020 $5,351 $365,383 $140,531 $224,852
2019 $5,163 $358,220 $137,776 $220,444
2018 $5,004 $351,197 $135,075 $216,122
2016 $4,754 $337,562 $129,831 $207,731
2015 $4,682 $332,492 $127,881 $204,611
2014 $4,710 $325,979 $125,376 $200,603
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rogelio Flores

    Coldwell Banker Envision

    (562) 866-7466

    4 Total Sales

    Rogelio Flores
    Section Image
  • John Novak

    Buyer's Agent in 2020

    John Novak

    Beach City Brokers

    (310) 863-8374

    19 Total Sales

    John Novak
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW20018716

California Regional Multiple Listing Service (CRMLS)

APN: 7347-016-025

California Los Angeles County Torrance 90501 Harbor Gateway

1631 W 228th St, Torrance, CA

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