NOT LISTED FOR SALE

1704 Fern Ave Torrance, CA 90503

Central Torrance Neighborhood

Estimated Value: $1,470,000 - $1,671,124

5 Beds
4 Baths
2,720 Sq Ft
$573/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $1,305,000 $480 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $9,503/month

61 Days on Market

Highlights

  • Laundry Room
  • Front Yard
  • 4-minute walk to Greenwood Park
  • Fern Elementary School Rated A

About This Home

As of December 2021

Two story duplex on a corner lot. The 3 bedroom unit is immaculate but original. The 2 bedroom upper unit has been totally refurbished. Both units have private patios. Both units have attached garages. The exterior has been painted and the units have new windows. The current rents are below market

Last Agent to Sell the Property

John Peterson

Nationwide Property Management License #00527542 Listed on: 09/27/2021

Last Buyer's Agent

Donald Dogan

Vista Sotheby’s International Realty License #01102524

Vista Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,625

Year Built

  • Built in 1972

Lot Details

  • 6,614 Sq Ft Lot
  • 1 Common Wall
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 2,720 Sq Ft Home
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 1
  • Tax Tract Number 9340
  • Assessor Parcel Number 7359020074
  • $521 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • Gardener Expense $1,200
  • Insurance Expense $1,600
  • Maintenance Expense $600
  • Water Sewer Expense $1,600
  • New Taxes Expense $17,000
  • Operating Expense $22,000
  • Gross Income $49,140
  • Net Operating Income $2,262

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,625

Year Built

Built in 1972

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1600.00
  • Zoning: TORR-LM
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7359020074
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 479.78

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Garage - Two Door
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Sewer Available, Water Connected
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 6614.00
  • Lot Size Acres: 0.1518
  • Latitude Manual: 33.83000000

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 49140.00
  • Gross Scheduled Income: 4095.00
  • Insurance Expense: 1600.00
  • Lot Size Area: 6614.0000 Square Feet
  • Maintenance Expense: 600.00
  • Net Operating Income: 2262.00
  • Number Of Separate Electric Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Operating Expense: 1833.00
  • Rent Control: No
  • Total Actual Rent: 4095.00
  • Total Expenses: 22000.00

Tax Info

  • New Taxes Expense: 17000.00
  • Tax Census Tract: 6508.00
  • Tax Lot: 1
  • Tax Tract Number: 9340
  • TaxOtherAnnualAssessmentAmount: 521.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2019
Sold by
Clement William R and Clement Trust
Bought by
Clement William R and Clement Timothy R
Current Estimated Value
$1,559,031
Source: Public Records

Range of Values:

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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
Clement William R -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $1,305,000 -2.6% $480 / Sq Ft
11/27/2021 11/27/21 Pending -- -- --
11/03/2021 11/03/21 Price Changed $1,340,000 -2.9% $493 / Sq Ft
09/27/2021 09/27/21 For Sale $1,380,000 -- $507 / 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 $15,625 $1,384,875 $880,802 $504,073
2024 $15,625 $1,357,722 $863,532 $494,190
2023 $15,334 $1,331,100 $846,600 $484,500
2022 $15,130 $1,305,000 $830,000 $475,000
2021 $5,700 $468,935 $183,963 $284,972
2020 $5,617 $464,127 $182,077 $282,050
2019 $5,537 $455,027 $178,507 $276,520
2018 $5,305 $446,106 $175,007 $271,099
2016 $5,050 $428,785 $168,212 $260,573
2015 $4,940 $422,345 $165,686 $256,659
2014 $4,821 $414,073 $162,441 $251,632
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John Peterson

    Nationwide Property Management

    Section Image
  • Donald Dogan

    Buyer's Agent in 2021

    Donald Dogan

    Vista Sotheby’s International Realty

    (310) 990-3396

    1 in this area

    3 Total Sales

    Donald Dogan
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21209534

California Regional Multiple Listing Service (CRMLS)

APN: 7359-020-074

California Los Angeles County Torrance 90503 Central Torrance

1704 Fern Ave, Torrance, CA

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