$445,000
SOLD FEB 1, 2018
4 Beds
2 Baths
1,477 Sq Ft
5,000 Sq Ft Lot

Recently Sold

$301 Per Sq Ft

6% Below List Price

86 Days on Market

About This Home

As of February 2018

REDUCED!! SUBMIT ALL OFFERS!! BOTH 2 BEDROOM 1 BATHROOM. VERY WELL BUILT UNITS WITH HARDWOOD OAK FLOORS (UNDER CARPET), PLASTER WALLS AND COPPER PLUMBING. ORIGINAL OWNER FOR OVER 60 YEARS. NICE LOOKING UNITS FROM THE OUTSIDE. EXCELLENT AREA, JUST 4 BLOCKS FROM HARBOR & LOMITA PINES. EACH UNIT HAS A LARGE PATIO AREA, GRASSY BACK YARDS AND SPRINKLERS. BOTH UNITS HAVE LAUNDRY FACILITIES. LONG TERM TENANT UNDER LA RENT CONTROL WITH LOW RENTS. EACH UNIT HAS A 1 CAR GARAGE WITH 1 PARKING SPACE IN FRONT OF THE GARAGE. NEXT DOOR 1659 IS ALSO FOR SALE, CAN BE PURCHASED TOGETHER OR SEPARATE. SINGLE FAMILY HOMES SELL OVER 400,000 IN THE AREA. BUY AND LIVE IN ONE AND HAVE INCOME FROM THE OTHER. EASY ACCESS TO FWY'S , SCHOOLS, SHOPPING , RESTAURANTS AND A 15 MIN. DRIVE TO TORRANCE BEACHS.

Last Agent to Sell the Property

Christine Ballesteros

Estate Properties License #01280270 Listed on: 09/21/2017

Estate Properties

Co-Listed By

jim harrison

Estate Properties License #00813378

Last Buyer's Agent

Kitty Lim

Home Team Realty License #01275361

Home Team Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,477

Year Built

  • Built in 1955

Lot Details

  • 5,000 Sq Ft Lot
  • 1 Common Wall
  • Sprinkler System
  • Back Yard

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • 1,477 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Laundry in Kitchen

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 2820
  • Assessor Parcel Number 7411003041

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,000
  • Trash Expense $125
  • Water Sewer Expense $1,200
  • New Taxes Expense $6,000
  • Operating Expense $8,925
  • Gross Income $1,855
  • Net Operating Income $12,060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,477

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • CapRate: 2.50
  • Property Attached: Yes
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7411003041
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 301.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage, In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 125.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Sprinkler System
  • Lot Size Sq Ft: 5000.00

Multi Family

  • Gross Income: 1855.00
  • Gross Scheduled Income: 22460.00
  • Insurance Expense: 1000.00
  • Net Operating Income: 12060.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Range: 4
  • Operating Expense: 10400.00
  • Rent Control: Yes
  • Total Actual Rent: 1855.00
  • Total Expenses: 8925.00

Tax Info

  • New Taxes Expense: 6000.00
  • Tax Lot: 14
  • Tax Tract Number: 2820

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2017
Closed on
Dec 22, 2017
Sold by
Kasser Betty L
Bought by
Lim John Chin Tion and Lim Kitty Ngan Yuk
Seller's Agent
Christine Ballesteros
Estate Properties
Buyer's Agent
Kitty Lim
Home Team Realty
List Price
$475,000
Sold Price
$445,000
Premium/Discount to List
-$30,000
-6.32%
Current Estimated Value
$781,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,577
Avg. Annual Appreciation
7.59%

Purchase Details

Closed on
Mar 30, 2013
Sold by
Kasser Betty L
Bought by
Kasser Ronald M and The Kasser Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $445,000 Consumers Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2018 02/01/18 Sold $445,000 -6.3% $301 / Sq Ft
12/16/2017 12/16/17 Pending -- -- --
11/26/2017 11/26/17 For Sale $475,000 +6.7% $322 / Sq Ft
11/22/2017 11/22/17 Off Market $445,000 -- --
10/23/2017 10/23/17 Price Changed $475,000 -4.0% $322 / Sq Ft
09/21/2017 09/21/17 For Sale $495,000 -- $335 / 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 $6,477 $506,329 $341,347 $164,982
2024 $6,477 $496,402 $334,654 $161,748
2023 $6,354 $486,670 $328,093 $158,577
2022 $6,067 $477,128 $321,660 $155,468
2021 $5,987 $467,773 $315,353 $152,420
2019 $5,812 $453,900 $306,000 $147,900
2018 $1,113 $58,554 $33,369 $25,185
2016 $1,048 $56,282 $32,074 $24,208
2015 $1,032 $55,438 $31,593 $23,845
2014 $1,043 $54,353 $30,975 $23,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB17218945

California Regional Multiple Listing Service (CRMLS)

APN: 7411-003-041