NOT LISTED FOR SALE

Estimated Value: $1,225,000 - $1,675,000

5 Beds
3 Baths
2,498 Sq Ft
$603/Sq Ft Est. Value

Last Sold September 13, 2016

Last sale price $908,800 $364 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $8,844/month

15 Days on Market

Highlights

  • No HOA
  • Hickory Elementary School Rated A
  • Carpet

About This Home

As of September 2016

Great location! This is in close proximity to an almost endless amount of restaurants to choose from, the newly renovated Del Amo Mall, the Armstrong Theater, and the freeway (but not too close). Award winning Torrance School District! There are 2 homes on this lot. The front house has 3 bedrooms, 2 baths and is approximately 1,587 sq. ft. The back house has 2 bedroom/1 bath (approximately 910 sq. ft). This home has many options (live in the front unit and use the back unit for extended family, a rental, or a home office). Or, just rent both units and keep it as income property for your 1031 exchange. In addition, there is also a 3 car garage & a long driveway that can easily hold 4 cars when you are hosting a party. This is move in ready! The owners have recently re-stucco'd the exterior, installed new furnaces & new carpeting in both units, installed a new stainless steel cook top (back unit only), and fumigated the home in 2016. Seller already has a termite clearance report for you!

Last Agent to Sell the Property

Joanna Farmer

Keller Williams Realty License #01294913 Listed on: 07/22/2016

Keller Williams Realty

Last Buyer's Agent

Gary La Tourette

Vista Sotheby's International Realty License #01424026

Vista Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 6,721 Sq Ft Lot
  • 1 Common Wall

Parking

  • 3 Car Garage

Home Design

  • Ranch Style House
  • Property Attached

Interior Spaces

  • 2,498 Sq Ft Home
  • Family Room with Fireplace
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, insurance
  • Tax Lot 1
  • Tax Tract Number 6504
  • Assessor Parcel Number 7362012031

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $869
  • Trash Expense $600
  • Water Sewer Expense $1,800
  • New Taxes Expense $10,487
  • Gross Income $55,200
  • Net Operating Income $49,002

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1800.00
  • Architectural Style: Ranch
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7362012031
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 363.81

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 6721.00
  • Price Per Lot Square Foot: 124.83

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Insurance

Multi Family

  • Gross Income: 55200.00
  • Gross Scheduled Income: 55200.00
  • Insurance Expense: 869.00
  • Net Operating Income: 49002.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Dishwasher: 1
  • Number With Drapes: 2
  • Number With Range: 2
  • Operating Expense: 14956.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10487.00
  • Tax Lot: 1
  • Tax Tract Number: 6504

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2016
Closed on
Aug 12, 2016
Sold by
Ono Matsue
Bought by
Mar Winston and Mar Vicky
Seller's Agent
Joanna Farmer
Keller Williams Realty
Buyer's Agent
Gary La Tourette
Vista Sotheby's International Realty
List Price
$839,000
Sold Price
$908,800
Premium/Discount to List
$69,800
8.32%
Current Estimated Value
$1,506,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$597,779
Avg. Annual Appreciation
5.52%
Original Mortgage
$450,000
Outstanding Balance
$359,048
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$1,147,531
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mar Winston $909,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mar Winston $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2016 09/13/16 Sold $908,800 +8.3% $364 / Sq Ft
08/06/2016 08/06/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $839,000 -- $336 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,064 $1,053,806 $531,546 $522,260
2024 $12,064 $1,033,144 $521,124 $512,020
2023 $11,842 $1,012,887 $510,906 $501,981
2022 $11,684 $993,028 $500,889 $492,139
2021 $11,472 $973,558 $491,068 $482,490
2019 $11,142 $945,083 $476,503 $468,580
2018 $10,748 $926,560 $467,160 $459,400
2016 $1,767 $132,916 $41,186 $91,730
2015 $1,729 $130,921 $40,568 $90,353
2014 $1,701 $128,358 $39,774 $88,584
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB16161367

California Regional Multiple Listing Service (CRMLS)

APN: 7362-012-031