NOT LISTED FOR SALE

Estimated Value: $1,155,000 - $1,506,000

6 Beds
4 Baths
2,600 Sq Ft
$487/Sq Ft Est. Value

Last Sold October 08, 2014

Last sale price $650,000 $250 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $7,476/month

28 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Laundry Room
  • Wall Furnace
  • 7,201 Acre Lot
  • Family Room

About This Home

As of October 2014

Brand new duplex located in Torrance/Harbor Gateway! This is a great opportunity for investors or homeowners to rent one and live in the other! NO RENT CONTROL!!! This home will be delivered vacant and was just recently built from the ground up. All 2600 square feet are fully permitted with no expense being spared in construction. There is enough parking for 7 cars which includes a brand new detached two car garage. There is also additional street parking. The house features granite countertops, custom cabinets, subway tile, laminate flooring, berber carpet, new appliances, new windows, new roof, and all new concrete! Not to mention all new electrical and plumbing! Each unit will also have its own gas and electric meter. This home is priced to sell so be sure to act quick!

Last Agent to Sell the Property

Drew Dunn

Four Brothers Real Estate, Inc. License #01941825 Listed on: 08/01/2014

Last Buyer's Agent

Marilu Calderon

New Century Realtors License #01149850

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,830

Year Built

  • Built in 2014

Lot Details

  • 7,201 Acre Lot
  • 1 Common Wall

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 2,600 Sq Ft Home
  • Family Room
  • Laminate Flooring

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, HVAC maintenance, insurance, trash collection, taxes
  • Tax Lot 3
  • Tax Tract Number 4529
  • Assessor Parcel Number 7346011002

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,400
  • Insurance Expense $2,400
  • Other Expense $5,000
  • Trash Expense $60
  • Water Sewer Expense $140
  • Gross Income $5,000
  • Net Operating Income $49,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,830

Year Built

Built in 2014

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 140.00
  • Property Type: Residential Income
  • Parcel Number: 7346011002
  • Year Built: 2014
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Price Per Square Foot: 250.00
  • Room Type: All Bedrooms Down, Family Room

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 7.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Water Heater, Microwave
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 60.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights, Storm Drains

Lot Info

  • Lot Size Sq Ft: 313675560.00
  • Lot Size Acres: 7201.0000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Grounds Care, HVAC Maintenance, Insurance, Trash Collection, Taxes

Multi Family

  • Electric Expense: 2400.00
  • Gross Income: 5000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 7201.0000 Acres
  • Net Operating Income: 49500.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 10500.00
  • Other Expense: 5000.00
  • Other Expense Description: Property
  • Rent Control: No

Tax Info

  • Tax Lot: 3
  • Tax Tract Number: 4529

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2020
Sold by
Grant Gerald S
Bought by
Grant Gerald S and Varela Claudia M
Current Estimated Value
$1,265,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,000
Outstanding Balance
$547,115
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$718,345

Purchase Details

Listed on
Aug 1, 2014
Closed on
Aug 14, 2014
Sold by
Grant Gerald S
Bought by
Grant Gerald S
Seller's Agent
Drew Dunn
Four Brothers Real Estate, Inc.
Buyer's Agent
Marilu Calderon
New Century Realtors
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.21%
Original Mortgage
$635,937
Interest Rate
4.07%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 5, 2014
Closed on
Feb 25, 2014
Sold by
Dunn Trisha J
Bought by
243 Newport Llc
Seller's Agent
Lisa Tahery
Realty ONE Group United
Buyer's Agent
Lisa Tahery
Realty ONE Group United
List Price
$299,000
Sold Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
257.15%
Original Mortgage
$287,500
Interest Rate
4.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 5, 2014
Closed on
Feb 12, 2014
Sold by
Infinity Real Estate Opportunity Fund I
Bought by
243 Newport Llc
Seller's Agent
Lisa Tahery
Realty ONE Group United
Buyer's Agent
Lisa Tahery
Realty ONE Group United
List Price
$299,000
Sold Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,500
Interest Rate
4.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 5, 2014
Closed on
Jan 27, 2014
Sold by
Le Lannie T
Bought by
Infinity Real Estate Opportunity Fund I
Seller's Agent
Lisa Tahery
Realty ONE Group United
Buyer's Agent
Lisa Tahery
Realty ONE Group United
List Price
$299,000
Sold Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,500
Interest Rate
4.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 5, 2013
Closed on
Dec 26, 2013
Sold by
Young Joseph Scott
Bought by
Lee Lannie T
Seller's Agent
Lisa Tahery
Realty ONE Group United
Buyer's Agent
Eric Mori
HOME TEAM REALTY
List Price
$315,000
Sold Price
$205,000
Premium/Discount to List
-$110,000
-34.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,500
Interest Rate
4.34%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 22, 1998
Sold by
Kleinman Family Llc
Bought by
Young Joseph Scott and Young Teresita Belisario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
6.54%

Purchase Details

Closed on
Aug 4, 1997
Sold by
Kleinman Edwin Trs
Bought by
Kleinman Family Llc

Purchase Details

Closed on
Apr 17, 1997
Sold by
Kleinman Trust Kleinman, Edwin Et Al Trs Edwi
Bought by
Kleinman Family Llc
Source: Public Records

Range of Values:

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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
Grant Gerald S -- Corinthian Title Co
Grant Gerald S $650,000 Title 365
243 Newport Llc -- Ticor Title Company
243 Newport Llc $299,000 Ticor Title Co
Infinity Real Estate Opportunity Fund I -- None Available
Lee Lannie T $205,000 Ticor Title Co
Lee Lannie T -- Ticor Title Co
Young Joseph Scott $145,000 Fidelity National Title Co
Kleinman Family Llc -- --
Kleinman Family Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grant Gerald S $617,000
Previous Owner Grant Gerald S $635,937
Previous Owner 243 Newport Llc $287,500
Previous Owner Young Joseph Scott $130,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/08/2014 10/08/14 Sold $650,000 0.0% $250 / Sq Ft
08/29/2014 08/29/14 Pending -- -- --
08/01/2014 08/01/14 For Sale $650,000 +117.4% $250 / Sq Ft
02/28/2014 02/28/14 Sold $299,000 0.0% $352 / Sq Ft View Prior Sale
02/09/2014 02/09/14 Pending -- -- --
02/05/2014 02/05/14 For Sale $299,000 +45.9% $352 / Sq Ft
01/22/2014 01/22/14 Sold $205,000 -34.9% $241 / Sq Ft View Prior Sale
12/05/2013 12/05/13 For Sale $315,000 0.0% $371 / Sq Ft
11/06/2013 11/06/13 Price Changed $315,000 0.0% $371 / Sq Ft
11/06/2013 11/06/13 For Sale $315,000 +43.2% $371 / Sq Ft
09/28/2013 09/28/13 Pending -- -- --
09/04/2013 09/04/13 Pending -- -- --
08/29/2013 08/29/13 For Sale $220,000 -- $259 / 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 $9,830 $781,192 $420,641 $360,551
2024 $9,830 $765,876 $412,394 $353,482
2023 $9,643 $750,859 $404,308 $346,551
2022 $9,205 $736,137 $396,381 $339,756
2021 $9,085 $721,704 $388,609 $333,095
2020 $9,172 $714,305 $384,625 $329,680
2019 $8,818 $700,300 $377,084 $323,216
2018 $8,682 $686,570 $369,691 $316,879
2016 $8,287 $659,912 $355,337 $304,575
2015 $8,164 $650,000 $350,000 $300,000
2014 $2,582 $185,423 $148,342 $37,081
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC14164117

California Regional Multiple Listing Service (CRMLS)

APN: 7346-011-002