NOT LISTED FOR SALE

1638 W 206th St Torrance, CA 90501

Harbor Gateway Neighborhood
4 Beds
5 Baths
4,399 Sq Ft
7,001 Sq Ft Lot

Last Sold August 30, 2012

Last sale price $685,000 $156 Per Sq Ft

83 Days on Market

About This Home

As of August 2012

No Rent Control. 4 Newer Units in excellent rental area. Four large 2 bedroom 2 bath . One unit will be vacant at COE. Expenses and (1) unit income projected.Your buyer can live in one unit and collect an additional $3850. toward the monthly payment. Historically low interest rates, along with 3.5% FHA down payments can result in cash flow from Day 1. Low maintenance building in outstanding rental area close to all services. With 3% yearly rent increase,monthly income goes to $3965. in year 2 and $4084. in year 3. Call for more information

Last Agent to Sell the Property

Steve Gamez

P.R.S. Properties License #00586247 Listed on: 05/10/2012

Co-Listed By

Stephen Hagerman

Genesis Realty License #01392401

Last Buyer's Agent

Alex Sanchez

Modern Realty Company License #01734841

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 7,001 Sq Ft Lot
  • Lot Dimensions are 50x140

Parking

  • 6 Parking Spaces

Home Design

  • 4,399 Sq Ft Home
  • Composition Roof
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 4 / 51
  • Tax Tract Number 4983
  • Assessor Parcel Number 7351008004

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $44,032

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 6.39
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7351008004
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 155.72

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: 50x140
  • Lot Size Sq Ft: 7001.00
  • Lot Size Acres: 0.1610

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Multiplier: 11.15
  • Gross Scheduled Income: 61800.00
  • Lot Size Area: 7001.0000 Square Feet
  • Net Operating Income: 44032.00
  • 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: 14677.00
  • Operating Expense Percent: 25.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Area: 19
  • Tax Block: 51
  • Tax Lot: 4
  • Tax Tract Number: 4983

Range of Values:

Collateral Analytics

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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2012 08/30/12 Sold $685,000 -2.0% $156 / Sq Ft
08/01/2012 08/01/12 Pending -- -- --
05/10/2012 05/10/12 For Sale $699,000 -- $159 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Gamez

    Seller's Agent in 2012

    Steve Gamez

    P.R.S. Properties

    (714) 328-0832

    1 in this area

    4 Total Sales

    Steve Gamez
    Section Image

  • S

    Seller Co-Listing Agent in 2012

    Stephen Hagerman

    Genesis Realty

  • A

    Buyer's Agent in 2012

    Alex Sanchez

    Modern Realty Company

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P821612

California Regional Multiple Listing Service (CRMLS)

APN: 7351-008-004

California Los Angeles County Torrance 90501 Harbor Gateway

1638 W 206th St, Torrance, CA

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California Regional Multiple Listing Service (CRMLS) 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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