NOT LISTED FOR SALE

1640 Del Amo Blvd Torrance, CA 90501

Harbor Gateway Neighborhood

Estimated Value: $831,000 - $1,085,000

4 Beds
3 Baths
1,690 Sq Ft
$547/Sq Ft Est. Value

Last Sold August 04, 2016

Last sale price $550,000 $325 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,547/month

20 Days on Market

Highlights

  • Contemporary Architecture
  • Living Room
  • Tile Flooring
  • Lawn
  • Accessible Parking
  • Outdoor Storage

About This Home

As of August 2016

Good Opportunity to purchase this Investment Property or owner occupied, Sellers purchased these units for $650K. Front unit one bedroom 1 bath
middle unit 2 bedrooms 1 bath, back unit 1 bedroom 1 bath. Big lot, room for extension. Two car garage and Storage in the back, long driveway, this property is perfect for two or three families. LA Unified School District. This property is located in a RENT CONTROL area.

Last Agent to Sell the Property

Betty Lam

Home Team Realty License #01045626 Listed on: 05/24/2016

Home Team Realty

Last Buyer's Agent

Betty Lam

Home Team Realty License #01045626 Listed on: 05/24/2016

Home Team Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,211

Year Built

  • Built in 1944

Lot Details

  • 6,000 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Raised Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,690 Sq Ft Home
  • Living Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Floor Furnace
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 7
  • Tax Tract Number 2920
  • Assessor Parcel Number 7351005021

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $1,512
  • Water Sewer Expense $1,800
  • New Taxes Expense $6,875
  • Operating Expense $10,187
  • Gross Income $3,300
  • Net Operating Income $3,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,211

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 1800.00
  • Zoning: LARD1.5
  • Architectural Style: Contemporary
  • Property Type: Residential Income
  • Parcel Number: 7351005021
  • Year Built: 1944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile
  • Accessibility Features: Parking
  • Appliances: No
  • Levels: One
  • Price Per Square Foot: 325.44
  • Room Type: Living Room

Exterior Features

  • Foundation: Raised
  • Other Structures: Storage
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Floor Furnace, Wall Furnace
  • Trash Expense: 1512.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Storm Drains

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 6000.00
  • Price Per Lot Square Foot: 91.67

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 3300.00
  • Gross Scheduled Income: 3300.00
  • Net Operating Income: 3300.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Rent Control: No
  • Total Expenses: 10187.00

Tax Info

  • New Taxes Expense: 6875.00
  • Tax Lot: 7
  • Tax Tract Number: 2920

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2016
Closed on
Jun 29, 2016
Sold by
Garcia Nicolas
Bought by
Sorooshian Hormozan and Sorooshian Nahid
Seller's Agent
Betty Lam
Home Team Realty
Buyer's Agent
Betty Lam
Home Team Realty
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$924,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,334
Avg. Annual Appreciation
5.78%
Original Mortgage
$366,099
Outstanding Balance
$292,069
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$632,265

Purchase Details

Closed on
Jul 18, 2007
Sold by
Garcia Nicolas and Garcia Rosa
Bought by
Garcia Nicolas

Purchase Details

Closed on
Aug 1, 2006
Sold by
A & A General Inc
Bought by
Garcia Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 15, 2005
Sold by
Alonso Fatima Marisol
Bought by
Alonso Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 27, 2005
Sold by
Baylor Janice L
Bought by
Alonso Jose Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.12%
Mortgage Type
Fannie Mae Freddie Mac
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
Sorooshian Hormozan $550,000 Nations Title Co
Garcia Nicolas -- None Available
Garcia Nicholas $650,000 Southland Title
A & A General Inc -- None Available
Alonso Jose Luis -- Southland Title
Alonso Jose Luis $500,000 Southland Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sorooshian Hormozan $366,099
Previous Owner Garcia Nicholas $520,000
Previous Owner Alonso Jose Luis $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2016 08/04/16 Sold $550,000 0.0% $325 / Sq Ft
06/13/2016 06/13/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $550,000 -- $325 / 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 $8,211 $638,314 $429,412 $208,902
2024 $8,211 $625,799 $420,993 $204,806
2023 $8,054 $613,530 $412,739 $200,791
2022 $7,693 $601,501 $404,647 $196,854
2021 $7,593 $589,708 $396,713 $192,995
2019 $7,372 $572,220 $384,948 $187,272
2018 $7,283 $561,000 $377,400 $183,600
2016 $6,608 $510,000 $313,800 $196,200
2015 $8,209 $645,000 $396,900 $248,100
2014 $5,799 $432,000 $265,800 $166,200
Source: Public Records

Agents Affiliated with this Home

  • Betty Lam

    Seller's Agent in 2016

    Betty Lam

    Home Team Realty

    (310) 918-4770

    16 Total Sales

    Betty Lam
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN16111286

California Regional Multiple Listing Service (CRMLS)

APN: 7351-005-021

California Los Angeles County Torrance 90501 Harbor Gateway

1640 Del Amo Blvd, Torrance, CA

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